Prices, competition, barriers to entry and a poor infrastructure for transportation are among the elements that may discourage some commercial investors in California. There is also growing concern over availability of water; although, technologies are being developed to help deal with this. Despite these challenges, Southern California remains an attractive commercial real estate market.
California commercial real estate investors may want to consider modifying their strategies for staying on top of the market in 2019. While many investors may opt to continue to use what has worked for them in the past, others may have to use new methods to set up capital in order to address a volatile equity market, slow growth in the industry and trade disputes.
Prior to buying a home, it is generally a good idea to get tentative loan approval from a mortgage lender. This can help a person in California or elsewhere get a better idea of how much they qualify for. However, it is important to know how long the approval will be good for, and in most cases, an individual will have up to 90 days to obtain an actual loan.
If you own a business in California, you understand the importance of taking steps to ensure your company is ADA compliant. From wheelchair accessibility to the design of your website, there are various factors that business owners have to consider in order to make sure their store meets standards set by the Americans with Disabilities Act.
Real estate investors in California and throughout the country could be willing to buy a home if they think doing so could be profitable. However, there are upsides and downsides to doing so. For instance, selling a home to an investor may avoid a foreclosure and the credit problems that can come with it. Of course, it is important to understand that the home will likely sell for less than market value.