The best advice we can offer to potential buyers of commercial real estate is to be very very diligent in investigating the real estate concerned. Inexperienced buyers, especially those from out of state who have no local knowledge, tend to be swayed by impressive brochures and projections made by sellers or their agents. Often the prices offered are enticing when compared to the prices of similar properties in the areas in which the purchasers reside.
At Protea we have time and time again dissuaded prospective clients from purchasing apartment complexes in the Dallas Fort Worth area. Because of our local knowledge, we knew that the properties were overpriced, in high-crime areas or could not possibly achieve the results projected in the brochures our clients had received. Read More→