Commercial Property Asquission
3 Replies
Ashley Hambrick
posted 13 days ago
I am working to acquire a commercial property, this will be my first deal! My realtor is asking how much money I would like to put down.. (always as little as possible, even looking at seller financing) but how do I answer that with out sounding like a risky buyer? How much info do you share with realtors when you are looking for a property?
Brad Hammond
Real Estate Agent from Portland, OR
replied 13 days ago
Your agent is probably wanting to know because they will be putting that information on the contract. They completely understand that you want to put the lowest amount down so I would just tell them what percentage you want to put down.
Your agent should know your price range and the percentage you want to put down.
Ashley Hambrick
replied 13 days ago
Thanks @Brad Hammond !
John Minock
Investor from Menifee, CA.
replied 13 days ago
Congratulations on your first commercial deal!
We all want to put as little down as possible so don't feel that you are a risky buyer. Agents love deals so as long as you are fair and transparent with the agent you will be good to go!
When it comes to owner financing (which I love) most of the time they will ask for more down than you are comfortable with. Always negotiate less down when possible.
Good luck with your deal. I look forward to hearing about it closing.