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Could the Holidays be a Good Time to Buy Commercial Property?

There is usually a wide selection of commercial spaces for lease or sale at the end of the year and the beginning of the new one. When the temperatures drop, the time to capitalize on property increases in importance. If your business is looking to take out one of our commercial mortgage loans in FL, the winter is the best time to do so. 

During the warmer months, it is not uncommon for poetry to appear aesthetically much better than it is. This is because, in warm, sunny weather, landscaping is much easier to manage. Infrastructure challenges with HVAC systems, plumbing, and insulation have the biggest issues in the winter. It is not abnormal to see more construction zones on these properties to repair such issues in the winter, making the property seem less grand than it is. Remember, just because there is current maintenance or repairs does not mean the property is a bust. 

Many sellers wait to list properties until March when the temperatures begin to rise. The number of buyers increases in the spring, so sellers are more likely to reach agreements or bargains to sell the property, not necessarily indicating something is wrong with the property, just that there are significantly fewer buyers. 

Moving into a new property during the holiday means that you can begin the year in your new space, getting ahead of the curve. You will have more time to make the space your own for your and your business, so when economic activity picks up after the new year, you will be prepared. Work often slows down as Christmas approaches, so preparing now will ensure you are ready to help your business grow. 

Questions about commercial mortgages and if purchasing now is right for your business? Contact us online or give us a call – we are happy to help.

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