California Vacant Land And Commercial Real Estate Opportunities

As the real estate property values continue to hold at the low end of the investment scale, the appeal of California in combination with its close proximity to the Interstates and regional tourists areas make it a lucrative prospect to the real estate investor who is seeking out commercial property or vacant land for new construction.

Since there is so much property on the market which is either in foreclosure or subject to short sale approval by the mortgage company, it is advisable that anyone wishing to purchase real estate of any kind, in the current market, associate themselves with a licensed real estate agent who is familiar with the desired geographic area. Not only will the agent have real estate property searching capability, but a real estate agent will help navigate the potential buyer through the stipulations associated with purchasing a foreclosed property.

If desiring to purchase commercial real estate, including a building, considerations must be made for the current zoning rules and whether the building is up to code. Generally, foreclosed properties will be sold as is, meaning that the seller has no responsibility to bring the property up to the codes required for occupancy.

While a potential purchase may seem like a great deal, the real estate agent will be able to determine, based on local contractors and availability of materials, what the overall cost to the purchaser will be after bringing the building and surrounding property up to code. This is where the use of a commercial real estate agent is invaluable. The real estate agent specializing in commercial properties will be able to ascertain real values for the investment, including potential lease rates and likelihood of 100% tenancy in a given area.