Notify your lender of any address change, whether it's your home address or another listed on your application.
Notify your lender of any salary or wage changes.
Be prepared to provide proof of significant bank deposits.
Acquire property insurance immediately after going under contract.
Keep all forms of debt paid and in check.
Make large purchases using existing credit without first talking to your lender.
Apply for or acquire any additional lines of credit.
Pay off, transfer, or close credit balances unless your lender instructs you to do so.
Change jobs without first talking to your lender.
Co-sign for another person seeking to obtain a line of credit or to make a purchase.
Pay off collections before conferring with your lender.
Property taxes are a major source of income and are used to help pay for city services. Each municipality determines their own tax rate every year.
Utilities are the services required to run your home, including: power, water, sewer, and heating costs. The cost of utilities can vary widely from home to home and from season to season.
Property insurance can protect you against all types of damage to your property, such as flooding, vandalism, and theft. Most lenders require you to have property insurance to get a mortgage, so they can protect the asset they have lent on.
Are you interested in retail, industrial, or mixed-use?
Do you need a location to serve a specific customer base? Will your customers be willing to drive to your location often?
Older properties are great for their charm and character, but often may require more upkeep. Newer developments have modern finishes and most often, fewer repairs are needed.
What would you like to see in your new community? Is it more like-minded businesses? Events? Closer to your target customer? A particular school district? Whatever it is, write it down and choose areas that have those features.
How important is it to you to be walking distance to things like schools, parks, shopping, and groceries? Think of what you want or need to be close to.
Everyone has wants but have you considered the things you don't want? If you hate noise you might want to steer clear of dense urban areas for example.
I will draft an offer that protects you and include any clauses that are needed. Keep in mind that this offer is just an offer until it is accepted.
Please complete the following form to download our Complete Commercial Tenant's Guide.
Please complete the following form to download our Complete Commercial Buyer's Guide.
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