Why Commercial Property Investors Usually Prefer Road Frontage

Commercial property investors, developers, and builders usually prefer to buy commercial properties with a major road frontage.

The reason is that a future buyer of the property, be they a business owner or investor, will often choose a property with major road frontage over a land locked parcel, or a parcel with little to no road frontage.

Commercial tenants also usually prefer properties with good road frontage, because visibility and profile can reduce the need for expenditure on other forms of advertising to promote the business.

Use this important fact when you assess commercial properties and the value that they hold.

Price Competitively In A Slowing Property Market

In recent years, sellers were able to set a price and wait for the bidding wars. However these days, a drop-off in buyer demand and rising numbers of homes for sale can make putting a house on the market more of a challenge for homeowners. This is especially so if the homeowner wants to benefit from the gains made in the boom times when a property may have appreciated dramatically in value. The selling homeowner just wants to retain their gains.

In a slowing property market, house hunters can now afford to be choosy. With a growing number of unsold properties on the market, buyers have a greater number of homes from which to choose. If a home is overpriced, a buyer will dismiss it and move on to the next one. Sellers often need to meet the market by lowering their price expectations.

Attracting a shrinking pool of buyers without losing too much financial ground can be tough. It is often best to price a home for sale just below what the market will stand. For example a $500,000 home might be priced at $495,000 to show potential buyers that the seller is serious about selling.

Unfortunately in a slowing property market, it sometimes takes sellers time to adjust to the reality that their $500,000 property is not worth more than the one that just sold down the road for $480,000.

We all like to think that the property we own is better than the one down the road, but buyers might not have the same opinion given such a wide choice of options.

In a slowing property market it is important to price competitively.