When The Buyer Backs Out: Real Estate Sales SolutionsWhen The Buyer Backs Out: Real Estate Sales Solutions


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When The Buyer Backs Out: Real Estate Sales Solutions

The first time I sold a house, I had no idea that the buyer could back out of the contract partway through. I was taken aback when it happened to me, and my real estate agent had to explain the process of terminating the contract and requesting the earnest deposit. After the contract was terminated, I spent a lot of time researching why a buyer could back out of a sale, what I could do about it as the seller, and ways to minimize the risk of it happening. I created this site to share what I've learned in the hopes of preventing other homeowners from experiencing what I did. I hope it helps you to be better prepared as you sell your home.

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3 Ways To Make Your Rental More Appealing For Good Commercial Tenants

If you own a commercial property, you are probably ready to bring in the best tenants that you can. Good commercial tenants will take good care of your property and pay the rent on time, but finding these good tenants can be difficult.

If you want to bring in the best tenants, you have to be picky. Something that you have to remember, however, is that good tenants are often picky as well. These are a few ways that you can make your commercial rental look more appealing to the best business owners.

1. Spruce it Up

Good commercial tenants take their businesses seriously. Just as they take pride in the properties that they rent, they also take pride in their own businesses. Therefore, you can't expect to attract good tenants if your commercial rental looks less than its best.

Take the time to make necessary improvements now, and go the extra mile to make your property look extra nice. Add some new paint or a new awning, for example, to make your building really stand out. People will be calling about your building in no time, and you'll be able to pick the very best tenant. Plus, making improvements to your own property can help boost its property values, which can help you command higher rental rates and will help ensure that your building is worth as much as possible if you decide to put it on the market later.

2. Price it Right

If you price your rental too high, then you'll obviously have a hard time finding tenants. However, you shouldn't price your commercial rental too low, either. Not only will you potentially miss out on a lot of money -- especially if you sign a long-term lease and are unable to boost your rent later on -- but you will also miss out on good tenants. This is because those who are looking for high-quality rentals might think there is something wrong with your commercial building if you are renting it out for much less than the going rate in the area.

3. Hire a Professional Property Manager

You might be thinking about handling your rental business on your own, but it's best to hire a professional property manager. Your property manager will be good at screening tenants for you, for one thing. Plus, many commercial tenants see companies like this as being more professional and might prefer the idea of working with a professional property management company over an individual.

As you can see, it is entirely possible to attract better-quality commercial tenants. Follow these tips, and you're sure to find the right fit for your rental. For more information, contact a property management company like Bradley Scott, Inc.