Month: February 2018

Growing Indian Real Estate Market

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India’s real estate market is on a high growth curve and is today one
of the fastest growing market in the world. It is categorized into four
sub-categories such as housing, retail, hospitality, and commercial.
While housing projects contributes six-seven percent of India’s gross
domestic product, the remaining three sub-categories are also increasing
at a fast pace. The Indian real estate is an infrastructure services
that is driving the economic growth of the country. The role of
Government of India has been instrumental in the real estate
development. There are many developer and buyer friendly policies which
are introduced by government.


The market of India real estate stood at US $ 56.2 billion in the
survey of 2010-2012 and expected to touch US $ 179.9 billion by 2021.
The market is expected to grow at the compound annual growth rate of 20
percent in the period of 2011-2014. With first series the modern cities
expected to account for about 45 per cent of this growth.

The
top eight metropolitan cities such as Delhi-NCR, Mumbai, Bangalore,
Chennai, Hyderabad, Pune, Kolkata and Ahmadabad have maximum office
space absorption were up to 59 per cent during January-March 2014 as
compared to periods of last year. During the period of January-March
2013 Ahmadabad and Delhi-NCR recorded a threefold increase in net
absorption.

In the first quarter of 2014 number of new
residential projects launches with 56,000 units across eight
metropolitan cities and Bangalore recorded maximum number of units at an
increase of 21 per cent at 17,838 units, followed by Mumbai and
Chennai, according to a report by Cushman & Wakefield.


Indian real estate has large number of investment opportunities, all
corporates look to expand businesses, India is expected to witness major
demand for office space in 2014. Office space absorption across the
country’s seven major cities is likely to increase ten per cent this
year to 30 million square feet, according to global real estate
consultant.


The retail space absorption by the top eight metropolitan cities is
expected to more than double to 12.7 million square feet in 2014 and
this will take up the retail space across India’s modern cities to 88.6
million square feet by the end of the year according to a report by
Jones Lang LaSalle.

Real estate construction development sector,
including township, housing projects, built-up infrastructure and these
projects garnered total foreign direct investment (FDI) worth US$
24,211.54 million in the period April 2001-January 2014. Infrastructure
activities during the period received FDI worth US$ 2,539.58 million
according to the Department of Industrial Policy and Promotion.


Indian real estate has some major investments and developments such as
Somany Ceramics plans to invest Rs 160 crores for capacity expansion and
brand building, Lodha Developers has invested Rs 1,254 crores for
acquired Clariant Chemicals’ 86-acre plot of land in Thane, Mumbai,
Xander Group has invested Rs 360 crores in Kapstone Constructions,
Ambience Group plans to invest about Rs 1,80 crores over the next four
years to develop two housing projects in Noida and Gurgaon, comprising
1,100 housing units and Vardhman Group invest $70 in Vardhman Camellias.

The market of real estate is expected to result in high
transaction activity, eminently in income yielding commercial office
equity during 2014.The country still needs to add number hospital and
educational institutes to meet the global average.

Houses Vs. Condominiums

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There are two popular types of housing in the Philippines today, condominiums and the typical house. Condominiums, though it was only recently that it was introduced in the Philippine market compared to apartments and townhouses, have become very popular because of its many benefits that other types of housing lacks.

Though condominiums have significantly gained a lot of attention in past years, there are still a lot of Filipinos opting for houses rather than a condominium unit, which is also the reason why the number of new houses for sale Philippines kept on growing. So what are the advantages that both of these types of housing can give to their residents, making them the most competitive types of housing in the Philippines?

In terms of location Condominiums are far ahead when it comes to location. Most condominiums are known for its location near or within business and commercial districts, such as the many towering condominiums in Makati City, or in Ortigas, Pasig City. However, in terms of family-oriented location, most houses are known for this.

Houses are normally found in the suburbs, which are found a few miles away from these cities, allowing its residents to live in a peaceful environment perfect for a growing family, while allowing them access to these locations. However, there are a few numbers of condominiums in the market today that allowed its residents to live in peaceful, relaxing, and quiet locations. These types of condominiums are mostly known as condominium complexes.

In terms of affordability When it comes to affordability, these new houses for sale Philippines are known to provide the cheapest houses in the market. Because most of these condominiums are found in the city, their cost are usually higher than other types of houses. Though it can provide the luxury of location as well as lifestyle, many Filipinos have said that the cost of living in these condominiums could allow them to buy a new 2-story high house in Manila or in other locations such as in some parts of Quezon City and Caloocan City.

However, a number of condominium complexes are known for its affordability. But according to many Filipinos, these cheaper condominiums are mostly found in the outskirts, which are mostly found away from the city, farther than suburbans where houses are mostly found. And the price range of buying one of these condominiums is said to be similar to the price range of new houses for sale Philippines, but can offer more rooms and size.

In terms of amenities In amenities, condominiums are mostly known for its own amenities. Condominium complexes are similar to townhouse complexes in terms of location, land, as well as with its amenities. Similar to townhouse complexes, these new condominiums are also known to provide amenities that residents can freely but exclusively enjoy such as swimming pools, gyms, recreational parks, and playgrounds.

However, a number of new housing communities or complexes are said to provide the same amenities but with cheaper housing for Filipinos. This is the reason why houses are still known to compete in the market widely dominated by condominiums. For more information visit to our site at http://www.atayala.com

Basic Things To Consider While Building A Tortoise House

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A tortoise house is the basic necessity for a tortoise. Since, tortoises are habituated to live in wild, it is important that you pay special attention on their accommodation. Also, this accommodation should be flexible enough to adapt to the growing and changing needs of a tortoise. Here are a few things that you should bear in mind while building the best tortoise house for your pet.

The first and the basic thing to consider is the size of your tortoise. Smaller tortoises can be kept indoors in glass tanks or wooden boxes but outdoor pens are still the best option. Tortoises should never be kept in small, enclosed spaces as they are very prone to develop respiratory problems.

The second thing is you should maintain the right temperature. If you plan to use large wooden boxes, try to keep a large lighted lamp on it so that the tortoise gets sufficient lighting and heat. Tortoises cannot bear extreme hot or cold conditions. It is important to maintain the right temperature so that your tortoise stays healthy.

The third thing to consider is the material of the tortoise house you want to build. It is always a good idea to choose a material that is easy to clean so that you dont spend too much time and effort in maintaining it. The paints and other such things that you might want to use should be non-toxic.

The next thing is that you should keep wooden enclosures or glass tanks slightly raised above the ground so that the base does not become soiled or rotten.

The fifth thing that you should consider is use of changeable features in your tortoises house. This will help you in bringing about minor changes so that the tortoise house is adaptive to your growing tortoise. It is important that the tortoise feels it is in the natural ambience so that it is comfortable. This is also important to keep the tortoise from falling ill. Placing artificial plants or stones is a good idea to create a natural looking habitat.

Only if you consider the above mentioned points, you will be able to build that perfect tortoise house that your pet will love to own. After all, your pet too deserves good shelter. Building the perfect tortoise house is hence the most important aspect of owning a tortoise as a pet.

Building or Buying a New Home

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If you are thinking of buying or building a brand spanking new home, you’re in luck because this article was created for you! In fact, many of my clients have determined the market has become pretty well picked over and the majority of what’s left is either over-priced or junk. Recently I’ve been fielding a lot of questions about buying brand new construction or building a new home, so I’ve decided to help you by outlining the process.

STEP 1: Get pre-approved for your construction loan or to purchase the newly built home once it’s constructed by the builder. This is especially important for new construction! If you are buying a lot and building a home, the construction loan underwriting process is much tougher than if you are buying an already built new home. This often requires more down payment, better credit and lower debt to income ratios. I’ve had many clients qualify to buy an existing home but do not qualify for a construction loan.

If you are using a builder like Gough or Wright Homes to build your home for you (both do great custom construction in Salt Lake and Utah County) then you just need what’s called take out financing to buy the property from the builder when construction is complete. You really have to be carefully pre-approved with this approach because you will be giving the builder non-refundable construction deposits and if you can’t close on the take out financing then you will lose that money (insert swear word here). It’s important that your mortgage team not only look at the last two years of your credit and income but we also try to account for any changes in interest rate, etc. over the next 90 to 180 days as your home is being constructed. We will make sure your loan is fully underwritten and approved prior to giving any non-refundable funds to the builder.

STEP 2: Locate a community and lot to build your dream home on. Once your mortgage (construction or take out financing) is approved then you know how much you’re comfortable and capable borrowing and can choose a lot.

Tip: You really want an expert REALTOR that specializes in land and new construction to help you with this. If you’ve not built multiple homes before there is a TON that you do not know. Simply put, hire a land expert and allow them to explain all the mistakes they’ve seen past clients make. You can’t un-build it after it’s built…

STEP 3: Build your home! This is a general timeline and guide to the key steps that occur during the course of construction.

Building Process:

1. Customize house plan with builder

2. Color Orientation- Coordinator & suppliers with options pricing (1-2 weeks)

3. Pre Construction Meeting (3-4 weeks)

4. Color Selection Meeting- Finalize decisions (6-7 Weeks)

5. Start Dig (7-8 weeks)

6. Electrical/Flat-work Meeting- Discuss location of lights, plugs, options & concrete (11-12 weeks)

7. Walk through Meeting- Confirm upgrades are in place, create punch list of missing items (18-20 weeks)

8. Closing & Completion of Home- Time will depend on size & scope of home (19-21 weeks)

STEP 4: Close on your home and move in (picture yourself in home nirvana here!) If you’ve done a construction loan in your name then you already own the home and you just move in. If you’ve chosen to have the builder construct the home for you, then this is when you get your take out loan and actually purchase the home. Our goal is to have your loan closed the same day the city issues the Certificate of Occupancy so you can move in immediately.

So that’s it, you are now more educated than most people who have done this process several times over. Congratulations!

Home Building A Fishing Boat

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One of the most popular uses for boats is for fishing. People sometimes look at the bewildering array of available boat types and are confused about what type is most useful for them. Hopefully this article will make you aware of the various types of fishing boats there are so you can do a good job going about picking the best design for you to build in your home workshop.

The first thing you have to decide is what type of water youll be fishing on. A suitable boat for small ponds and backwaters would not necessarily be the best choice for near coastal conditions where bigger seas might sneak up on you. Similarly a river fishing boat capable of handling wild whitewater might be a disappointing performer on larger, open lakes. A boat that will have to do double duty as a fishing and waterfowl hunting boat will be very different from a boat that will be doing double duty as a fishing and water skiing boat. Spend some time identifying the uses of your boat first what kind of water, how fast, how many people these are what will dictate the best type of boat for you to build.

If you primarily intend to fish in rivers, especially smaller, fast moving rivers, youll want a drift boat, that is one that is primarily intended to drift down rivers. There are two types of these, the Western style, sometimes called, McKenzie River drift boats, and Midwestern style drift boats less for canyon shooting in the mountainous West, and more for smaller rivers and streams common throughout the US. The Midwestern style can be rowed much faster and with more control than the Western types intended only for drifting downriver, where the oars are only used for keeping the boat pointed downriver.

If you intend to fish on lakes, bays and protected waters, you have a choice of quite a few designs. If you intend to both row and use moderate power, there are few better choices than a Carolina style dory. These easy-to-build boats get up and plane easily, carry lots of load, are quite stable and yet still may be rowed in a pinch.

If you want to go fast, under primarily engine power, and still plan to mostly fish in wide rivers, lakes, bays, etc., a semi-vee or full vee bottom power boat may be your best choice., These come from smaller two passenger sizes, easily tailored behind a small car, all the way to big, 6 or 8 passenger models that can also handle sea conditions. Another option for this kind of conditions is the Pacific power dory. These highly stable and efficient hulls can outperform commercially made fiberglass models and can be built for a fraction of what a new boat costs.

If youd like a man-powered or small engine boat you can toss in the back of a pickup or on a car roof and head to a stream, lake, bay or bayou, consider one of the ultra-light boats with plans available. They come in various shapes, from prams and dories, to canoes and kayaks. Larger sea-kayaks are suitable for fishing and waterfowl hunting. Using modern materials some of these boats can weigh as little as 40 lbs so can be carried to the water with one hand.

Finally, if you want to use your boat to fish in the ocean, youll be faced with very different conditions than in protected waters so need to look for a boat designed for ocean conditions. Vee bottom Carolina dories, Pacific power dories, and vee bottom center console boats are all suitable for coastal conditions, and also will outperform heavier factory made boats and may be used with smaller, more economical engines.

For offshore conditions, very specialized craft are called for. Grand Banks dories are some of the most seaworthy boats ever designed. Theyll power through any weather, though theyre no speed demons, and can also be sailed. In 1876 (the USAs 100th birthday year) an 18-foot open dory, named the Centennial was used on the first single-handed North Atlantic crossing from New York to England. Other candidates for home built offshore fishing boats include Hawaiian sampans, mullet skiffs, and larger vee bottom Carolina dories. Each has their pluses and minuses, depending on whether speed, economy, or a smooth ride is the more important characteristic.

World’s Richest Real Estate Moguls

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No matter what profession you are in, you will be impacted by real estate in some form or another. Whether you own, rent or sub-let, your life is impacted by real estate and the professionals or individuals that sell, manage or own it.

With that in mind, it would make sense that you just might be interested in people who have made it big in real estate. There are a select few in the entire world who have made their tremendous mark on the real estate landscape. Although, there were many struggles along the way, they arrived at that coveted spot of being a famous real estate tycoon.

Sarah Beeny is a developer and a host of Property Ladder, a British television program in the U.K. Beeny is a die-hard optimist and proponent for incorporating energy efficiency into building or remodeling.

Tim Blixseth is an American real estate mogul and billionaire businessman. He made a promise early on in his investment life to only collect assets, not liabilities, for the remainder of his life. He says he’s stuck to that promise.

Donald Bren, according to Forbes.com, is the wealthiest real estate tycoon on the planet with a $12 billion net worth. He currently owns hundreds of office buildings, along with 90 apartment complexes.

Conrad Hilton is the founder of Hilton Hotels. Hilton was known as a tremendous philanthropist who believed charity was a basic requirement for humanity.

Stanley Ho is one of the richest people in Asia. He’s a Macau and Hong Kong billionaire and casino mogul.

Lee Shau Kee is recently most famous for losing around $8 billion in net worth just in the past two years. Even with the huge losses, Kee continues to be noted as a real estate magnate as owner for Henderson Land Development. China’s greater region still considers Kee as one of the area’s richest people.

Ray Kroc is a entrepreneur who founded the McDonald’s Corporation franchise. Kroc purchased all rights to the McDonald’s name from the founding brothers Richard and Maurice McDonald. He took the franchise internationally to Japan and Germany in 1971.

Akira Mori is a famous Japanese real estate tycoon and billionaire. He’s one of the richest men in the world. President and CEO of Mori Trust, his family’s company owns real estate and hotels in Tokyo and all over Japan.

Minoru Mori is also a famous Japanese tycoon and billionaire. He and his brother Akira are sons to Taikichiro Mori.

Donald Trump is a famous television celebrity and billionaire real estate developer. Although his investments fluctuate with the waves of the sea, he always seems to come out on top.

Steve Wynn is a well-known Las Vegas casino and resort developer who developed some of the most opulent casinos and resorts in the City of Las Vegas.

Sam Zell’s net worth exceeds $6 billion. He is ranked 68th on Forbes’ list of richest Americans. He co-founded Equity Group Investments LLC that launched Equity Residential and Equity Office Properties.

The Advantages Of Employing A Real Estate Agent

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In the Utah vicinity, you may have noticed if looking for a new home that there is no shortage of homes available in the area. While absolutely options are great, they can be too much to handle when considering all the possibilities and being able to figure out exactly what you would like in the home. For this particular situation, dependable real estate agents can be hired that will be able to navigate these water more professionally, where they can sift through the alternatives and get you exactly what you would like as far as a home is concerned decreasing the time wasted looking at homes that are not ideal. Using a real estate agent can be good for many reasons which are listed below.

To start with, having a real estate agent working for you can ensure that youll only look at homes that fit your needs. Houses would have to be filtered out that do not match the needs of your family in order for the search to be successful. Regrettably, its likely that some of those properties will be ones that you actually view before realizing that they wouldnt work for you, which is essentially a waste of time. They would have the ability to ensure that any home you look at meets the specifications you have clearly defined with them since the real estate agent would be aware of what you need.

Another reason for hiring a real estate agent is because he or she can save you lots of time and energy that would otherwise go into your search for a house. When youre looking for a home yourself, theres a good chance that youll expound a lot of your energy doing things which arent necessary (like the aforementioned possibility of viewing homes that wont even work for you). Most of the busy work can be completed by an experienced real estate agent where they would only have you look at the dwellings that fit into the needs of the family members. Rather than stressing about going to numerous homes and inspecting them yourself, you can give attention to other things in life.

Working with a real estate agent will ensure all the essential paperwork and documentation is completed properly as well since they are well-informed in market and selling properties. Paperwork is without doubt one of the most overwhelming aspects of making any large investment, and because a home is likely the most expensive thing youll ever pay for, the paperwork can be absolutely overwhelming. The real estate agent can ensure that everything lines up as it should in your forms, securing everything prior to you signing something.

For sale in Utah are a variety of homes with plenty of features any number of people would like in a house they could raise kids in. Hiring a real estate agent can take a great deal of weight off of your shoulders when it comes to locating the perfect home and making sure that it satisfies every one of your needs. While buying a home can be annoying, the amount of stress you face can be dramatically higher if you try to do everything all by yourself, so if youre in this position, look into your options for a real estate agent before doing anything more.

Conveyancing Solicitors – Find the correct Commercial Property for business

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Whether you want to sell your dental practice or buy the corner off-license, or any other business, we can assist you.

We have many years of experience commercial and Conveyancing solicitors acting for both landlords and tenants in commercial transactions, including shop lease, pub lease and licenses. We can help you if you are an owner and your tenant does not pay rent or if you are a tenant threatened with eviction by your landlord.

When acting for you in your commercial transaction, our london lawyers will use sound commercial reasoning to help you achieve your business objectives. We will not simply provide an abstract legal essay.

We strongly believe that every law firm is only as successful as its clients and our work is therefore performed to the highest professional standards. We are always focused on achieving your objectives.

We do not compartmentalise your legal problems, so if during the course of your commercial property transaction it is also necessary to consider, for example the structure of the new company, if this is as a sole trader, partnership or limited liability company, we can most definitely assist you. We can advise you in drafting a suitable partnership agreement or setting up a private company including advising you on the responsibilities of directors and shareholders alike. Going forward we can assist with compliance with the legal obligations of the partnership and the company such as annual returns.

* Partnership agreements
* Commercial lease restauant and licenses
* Sale and purchase of business assets
* Setting up limited companies

If you are interested in finding Conveyancing solicitors , we are here to explain everything you need to know. We are specialists solicitors in london will have expertise different area like Construction legal related or building disputes.

Family Tax Matters Capital Gains, Filing Status, Deductions And Alimony

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Now that tax time is approaching, we thought it a good idea to discuss some common tax issues associated with divorce and separation. As with every other aspect of divorce, a well-prepared decree and clear communication with your former spouse are the best ways to avoid misunderstandings that could cause you problems when dealing with the Internal Revenue Service (IRS). Another way to avoid problems is to utilize the services of your tax professional before you make filing decisions that you could come to regret later.

Capital Gains Tax and the Principal Residence Rule.
More often than not, the marital residence is the most valuable asset that a married couple owns. During the divorce, it is not unusual for the couples home to be sold and the proceeds distributed between them. If the home was sold for more than it was purchased for, meaning there was a gain on the capital asset, then there are specific rules affecting the spouses capital gains tax liability.

Transfer Between Spouses. In general, if you transfer your interest in the marital home to your spouse, or former spouse as incident to your divorce, you will not have a capital gain or loss. Thats the result even if you received cash or some other property in exchange for your interest in the marital home. (The exception is if your spouse or former spouse is a nonresident alien.)
The marital home could be a house, houseboat, mobile home, cooperative apartment, or condominium, but generally not vacant land.

When your home is sold and there is a capital gain, can you avoid a capital gains tax?
That depends on whether you owned and lived in the home, as your main home (not a secondary residence), for at least two years in a five-year period ending on the day the home was sold. This is the principal residence rule for capital gains tax purposes.

Maximum Exclusion. If you satisfy the principal residence rule, then you can exclude up to $250,000 of the gain on the sale of your main home. And if you are married and file a joint tax return, that exclusion could be $500,000 ($250,000 for each spouse).

Problems can arise when the marital home isnt sold to a third party during or shortly after the divorce. Say, for example, that after the divorce is final, the home is lived in by one ex-spouse who has primary physical custody of the children. He or she lives there for many years before the home is sold and the proceeds divided. The ex-spouse who resided in the home for two years in the five-year period ending on the date of sale would avoid capital gains tax. The other ex-spouse — who doesnt satisfy the principal residence rule — would not avoid capital gains tax.

Selecting Your Filing Status.
After youve filled in your name, address, and social security number, your tax status is the next question to answer on your individual income tax return (Form 1040). Your options for filing status are determined by your marital status on December 31, 2010. Selecting your filing status can have an impact on your overall tax liability, so its a good idea to consult with your tax professional about which option is best for you based on your particulars.

Single Taxpayer. If your divorce was finalized by the last day of the tax year (December 31), the IRS will consider you unmarried for the entire year and you can file as a single taxpayer.

Head of Household Taxpayer. If you are considered unmarried and you pay more than half the costs of keeping up your home and at least one other qualified person, you may qualify for “head of household” filing status. Filing as a head of household would allow you a higher standard deduction and a lower tax rate. If youre not a head of household, however, your filing status will be “single.”

Married Taxpayer. If your divorce was not final until January 1, 2011, or thereafter, then you may select married filing jointly [with your spouse or former spouse] or married filing separately, but not as a single taxpayer even if you were living separately. If you file jointly with your spouse or former spouse, both of you must sign the joint return.

Individual and Joint Liability. When you file jointly with your spouse or ex-spouse, and you both sign the return, then you are both liable for any tax, interest, or penalties that are due. There may be language in your divorce decree stating that one spouse, or the other, will be liable for any taxes, interest, penalties due on any jointly filed return. The IRS, however, says that your joint and individual responsibility applies even if your divorce decree states that your former spouse will be responsible for any amounts due on previously filed joint returns.

Important Deductions.
Deduction for Dependents. In general, the parent with child custody will claim the dependency deduction. This issue may have been addressed in the divorce decree, however, and both parties must follow the provisions of the courts decree.

Deduction for Alimony or Spousal Maintenance. Make sure that the spousal maintenance tax obligation shifts to the recipient of the money. The supporting spouse may deduct the money paid for spousal maintenance, or alimony. The spouse or former spouse receiving the alimony must include it as income on his or her tax return. If you made a non-cash property settlement in payments or as a lump sum for the benefit of the other party, then that is not deductible spousal support for federal income tax purposes. Any voluntary payments made, meaning payments that were not ordered in the decree of dissolution, are not deductible as alimony from income either.

No Deduction for Child Support. Child support payments are never deductible. If you are paying child support and spousal maintenance, and you didnt satisfy your total obligation, then the IRS requires that you account for the child support first (which is not deductible) before you account for the spousal maintenance paid (which is deductible).

Deduction for Mortgage Interest. Who shall claim the home mortgage interest deduction may also have been addressed in your final divorce decree. If it was not, then this needs to be discussed with your former spouse because you cannot both claim the entire amount on your respective returns. The mortgage deduction goes to the person who paid the mortgage and interest out of his or her separate funds. If both parties contributed to the mortgage, or it was paid out of marital assets, then the deduction should be divided proportionately. The IRS will cross-check both spouses returns against the 1098 Mortgage Interest Statement, so exercise caution.

Whenever you have specific questions about your personal tax liability — about what forms you should file, what you must report, or which deductions you should claim against your income — you should speak with your tax professional before relying on general information alone.

Common Commercial Real Estate Contract Contingencies

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Just like residential real estate contracts, Dallas commercial real estate contracts have their share of contingencies. In short, contingencies are found in most real estate contracts and are essentially escape clauses for both the buyer and the seller.

Each party wants to make sure they are protected in the real estate contract, so real estate contingencies are a common occurrence. They often make the contract much easier to handle for both the buyer and the seller, as it provides them with an opportunity to back out of the contract for a number of reasons.

Although both residential and Dallas commercial real estate contracts both have contingencies, the contingencies themselves are quite a bit different. The following list details some of the common contingencies found in Dallas commercial real estate contracts:

When purchasing a parcel of land for Dallas commercial real estate, the contract may be subject to the approval of the buyers attorney. Because Dallas commercial real estate contracts may be decidedly more in depth than residential real estate contracts, waiting on the approval of your attorney when buying Dallas commercial real estate is quite common. It is also common to have a contingency that is based on a business professionals partner or investor, as it is important to get approval from everyone involved before the contract is finalized.

Many commercial real estate contracts include contingencies that are based on financing approval for the buyer. For tracts of land, this contingency may include approval of a legal survey, if one has not already been done. In addition, a buyer will likely want to include in the purchase agreement some language about obtaining necessary permits and zoning for the commercial property.

When speaking of commercial tracts of land, there may be a contingency with verbiage regarding liens on the property. In particular, the purchase of the land will be contingent on no environmental cleanup liens.

It is common to have a contingency based on: the buyer achieving a loan of at least 75 percent of the purchase price of the Dallas commercial real estate property; the buyer being satisfied with the inspectors report; and the buyer being satisfied that the property can be remodeled or renovated to his or her satisfaction. In other words, the buyer will likely include a series of contingencies based on the use of the commercial property and how it can and cannot be used.

The use of a realtor qualified in commercial real estate is crucial, as he or she will be able to guide you when making a commercial real estate transaction. Real estate companies, like VIP Realty, have a plethora of highly qualified and experienced realtors who have extensive experience in dealing with commercial real estate contracts. It is important to never enter into any type of real estate purchase agreement, whether residential or commercial, without advice from a trusted realtor and real estate attorney, as they will be able to best protect your interest in the real estate transaction.