Baker Real Estate Blog
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I am Dennis Baker. Having over 26 years of commercial banking experience and 15 years of commercial real estate experience gives me valuable insight when helping clients achieve their real estate goals.
Baker Real Estate Blog
2y ago
Does the stress of wondering what your options for your Commercial properties are in the current economy and tax uncertainty keep you awake at night? Many of my clients do not want to give the property away, but they’re trying to weigh what the potential for new taxes could mean for their financial plan and retirement.
Baker Real Estate is here to help you sleep a little easier. First, we do an extensive walk-thru on the property to get a clear view of the property. We look to see not only what the property has to offer but also see what type of repairs or maintenance on the property we ..read more
Baker Real Estate Blog
2y ago
Many times, after making a real estate listing presentation I get asked will you negotiate your commission. When a commercial realtor makes a listing presentation they have spent a lot of time researching the property, your business, the commercial real estate market, who’s buying and who’s selling and they have developed a marketing plan that is specifically tailored to your property. After working on all the above the commercial broker will then determine what they feel is a fair and reasonable commission to market your property.
So, what does a commercial real estate broker take into con ..read more
Baker Real Estate Blog
2y ago
Let us face it, your time is worth a lot to you. With all the things that you must get done in a day running around looking for a new location for your business or your investments it is a time suck. Why would a commercial broker be of benefit to you in helping you manage your time?
First, commercial brokers on the average have been in the business for 15+ years so they understand the market and what questions they need to ask to help you find the right property. So, 30 minutes of your time talking to a commercial broker could save you hours in narrowing your search for the right space. Ques ..read more
Baker Real Estate Blog
2y ago
Congratulations you’re ready to purchase your commercial real estate property and the closing date & time has been set. What should you bring or do to make sure this goes as smoothly as possible?
First, bring along your drivers license or a picture ID for verification purposes. The title company will require this. Second, what address do you want your closing papers and title commitment sent to? The property you are buying, your home address or another business address?
If you are buying the property in a corporation or LLC you will need the corporation documents for the title company ..read more
Baker Real Estate Blog
2y ago
The answer is all of them and none of them. Not to get cute, but the return vs. risk equation can really be the same for each of those property types. Your return is not determined by the property type but more by the quality of the property, reliability of the tenant, ease of re-leasing the space, cost of maintenance and likelihood of appreciation. In other words, you can make a great return from a retail, office, industrial, or multi-family property or you can get whacked by any of them. The trick is to buy wisely and weigh those factors carefully. The more successfully you can do that the ..read more
Baker Real Estate Blog
2y ago
What is an Easement and Why is This Important to You?
Many times, when I am talking to my clients and we are reviewing the title commitment the property may have easements that run along the side or across the property. Even though they are there most people do not ask the question as to how these effects the usage of the property they are looking to purchase.
First, an easement is a right to cross or otherwise use someone else’s property. This could be the right of the neighbor to cross your land to get to theirs, a utility easement such as a pipeline or electrical power line, or water or s ..read more
Baker Real Estate Blog
2y ago
Is Your Commission Negotiable?
Many times, after making a real estate listing presentation I get asked will you negotiate your commission. When a commercial realtor makes a listing presentation they have spent a lot of time researching the property, your business, the commercial real estate market, who’s buying and who’s selling and they have developed a marketing plan that is specifically tailored to your property. After working on all the above the commercial broker will then determine what they feel is a fair and reasonable commission to market your property.
So, what does a commercial r ..read more
Baker Real Estate Blog
2y ago
How is a Commercial Realtor a Time Saver For Me?
Let us face it, your time is worth a lot to you. With all the things that you must get done in a day running around looking for a new location for your business or your investments it is a time suck. Why would a commercial broker be of benefit to you in helping you manage your time?
First, commercial brokers on the average have been in the business for 15+ years so they understand the market and what questions they need to ask to help you find the right property. So, 30 minutes of your time talking to a commercial broker could save you hours i ..read more
Baker Real Estate Blog
2y ago
Are You Using the Right Real Estate Agent?
When you are ready to buy, sell, or lease commercial real estate, who do you turn to? Many people work with their residential agent or broker to help them with their home. Makes sense as real estate is real estate, right? Wrong! Commercial real estate is complicated. Commercial brokers are experienced in asking questions that not only will affect the sale initially, but in the future as well. Questions such as; hook height, overhead door height, sidewall height, sumps, electrical power, access, utilities, easements, triple net leases vs. gross lease ..read more