Unlike developed properties, the value of undeveloped land largely hinges on its potential. Since this potential is still waiting to be discovered, negotiating for undeveloped land offers more flexibility in price discussions. Sellers may be motivated to make a deal,...
Real Estate & Development
Lien deadlines and the impact of cessation of labor
One crucial factor to consider in any construction budget is the interruption of labor. In Arizona, if work on a project stops and there is a continuous pause in labor for a period of 60 days, it triggers the commencement of your lien deadline. This means you will...
Can you encourage compliance from construction subcontractors?
With the competitive nature of the construction industry, one might think it would not be too difficult to secure a good subcontractor. However, you often must weed out a lot of not-so-good options before you find one that works. Not providing clear expectations and...
How can you finance commercial real estate?
Buying commercial property is a great investment, but most buyers require financing to complete the purchase. Fortunately, there are a range of commercial property loans that can help you achieve your dream of becoming a successful property owner. However, you must...
Dealing with title issues when buying commercial real estate
Buying commercial real estate in Arizona can be a smart business move. You can see a high return on your investment if you know what to look out for. It can be rewarding to get the title to a property, which signifies your legal ownership. Sometimes, a title may come...
What to consider when buying land for commercial use
Investing in commercial land can be a lucrative venture in Arizona, thanks to the state's robust economy and favorable business climate. However, buying commercial land involves more than just finding a piece of property you like and making an offer. There are several...
How do zoning laws impact real estate development?
If you are interested in buying commercial real estate, developing a piece or property or building a new home, it is crucial to understand how zoning ordinances work. Buying real estate with an unsuitable zoning designation can impede your ability to build new...
Is self-storage a low-risk investment opportunity?
Many people living in Arizona choose to invest in commercial real estate as a way to generate income and expand their portfolios. If you are among them, you may find that you have many different commercial real estate investment options available to you. Historically,...
3 things to do when purchasing a property with a party wall
If you have been contemplating purchasing commercial real estate, now might be the right time to pounce. Indeed, according to the National Association of Realtors, the previously red-hot commercial market is showing some clear signs of slowing and becoming more...
How do you save up for a down payment?
Preparing to buy your first home can be both exciting and nerve-wracking, especially since it is an important rite of passage for many people. Having a down payment is an important part of the process. This money can exist within a savings account in order to grow,...