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Updated about 14 years ago on . Most recent reply
Need advice for first time cash purchase
Hi this will be my first time purchase of commercial real estate (small shopping mall). It will be all cash purchase. I am little nervous as my broker is a relative who is not experienced (she is just starting out). Since it's my first time as well, I am little nervous that she may not guide me well in this deal. The offer is pretty much accepted by the seller and from various sources it's a good deal. What are your advices you may give me at this point? Thank you in advance.
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I agree with Jeffrey. It's very easy to make a big mistake in commercial. You sound like you need more experienced input. Why not post the particulars here and see if it is a deal, and where the pitfalls may be?
I had a horse trainer tell me green on green makes black and blue. You and your broker are both green.