Surfing the net(finished)
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The document discusses how using the internet can save commercial investors time and money in their real estate searches. Sites like Loopnet.com allow investors to search for properties matching their criteria without leaving their office. They can view virtual tours of properties to assess whether they warrant an in-person viewing. The internet has streamlined the traditionally difficult process of searching for and negotiating commercial real estate deals.
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Surfing the net(finished)
- 1. Surfing the Net Can Save Investors Time and Money
- 2. Using the vast resources available via the Internet can save commercial investors time, money and effort in their quest for the perfect property.
- 3. Technology has eased the demands of contract negotiations through improved communication. Documentation has been simplified through the rapid transmission of information using electronic formats. Traditional property searches involved a difficult maze of twists and turns that needed to be navigated in order to find a property to lease or buy. The Internet offers an effective alternative to past practices, which were time-consuming, costly and sometimes unfruitful.
- 4. Sites like Loopnet.com, Buildingsearch.com and Commercial.Realtor.com permit commercial property investors to search and narrow down potential properties without leaving the comfort of their offices. Each site allows you to set a specific area, property type and personal selection criteria such as price and square footage.
- 5. Investors can even view a virtual tour of a prospective property to get an idea of the general condition of the site. This allows you to get a limited view of the property without having to schedule a viewing appointment only to find that the property is not actually suitable for your needs. The tools provided by these sites tie together the needs of investors with the surplus assets of sellers.
- 6. The Internet has evolved into a vibrant commercial marketplace, and there continues to be room for growth in the real estate sector. Savvy investors will continue to realize the potential and apply it to their real estate investment needs.