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The fourth quarter of 2008 was a tough year for commercial real estate Atlanta agents. The price drop of 10.6% in fourth quarter of 2008, as recorded by the Massachusetts Institute of Technology Center for Real Estate, was undoubtedly a big shock for investors. But now, I can safely say that things have changed and investing in commercial real estate Atlanta is more profitable than investing in residential properties. For commercial real estate lease, negotiation is the key to make things work your way. Here are some negotiation tips to make leasing more profitable for you as Atlanta real estate agent. 1. Evaluate the Span of Lease Leasing includes hundreds of pages for documentation and long filing processes. It also includes application fee and many other charges. Overall, the process is hectic and exhausting. Most often, it is the responsibility of real estate agent to process documentation and legal filing. […]Read More
It is a widely understood and agreed upon fact in Atlanta real estate market now that short sale is the only way to get loan relief if the mortgage on a property is higher than its actual worth. Short sale helps avoid foreclosure and saves the borrower from financial disaster. Considering the psychological tensions and financial pressure on the homeowner and on the borrower, it is quite easy to predict the chances of mistakes in a short sale deal. So here I have done some homework for you to secure your short sale deal as a buyer or seller. 1. Understand the Complexities and Consequences Some states allow lenders to send notice of mortgage completion to the borrower after completion of foreclosure process. This means that the case is not closed even after the short sale. Make sure that you live in a state where the case is closed after […]Read More