It is a really tough decision to make when it comes to choosing to buy or not to buy commercial real estate.
On one hand the market has not been this good for a buyer in years, interest rates are low and most properties for sale are either owned by a bank desperate to get rid of it, or by an owner who knows they can not get fair market value right now and may take a low price.
On the other hand you do have to realize that it can take years before numbers go back up and you can get a fair offer if you are trying to resell.
The decision may be based on what you actually intend to do with the property, are you looking to resell it or rent it out or are you hoping to run a business out of it? If you have a stable business you may want to buy, it will increase the value of your company and give you the chance to sell in years or not have to pay rent once the loan is paid off.
If you have a new company or one that is struggling in these hard economic times it may be better for you to rent because if things go bad you do not have to worry about unloading a property.
Also with renting the benefit is if you have to move you are not tied down to one location.
Regardless of your choice to buy or not to buy, if you are planning to go after a new property you want to make sure that you have a solid credit score.
If you are going to purchase the property a good score will keep loan payments down and save you thousands of dollars a year.
If you plan to rent your score will help you get the place you want as most owners do a check to make sure you are financially responsible.
If your score is sub par and you are worried it will hurt your chances you need to have credit repair take care of it.
Credit repair is the fastest way to repair your score and it can get it done in a matter of weeks.
By David George