| Commercial Real Estate Buying Guide
Whether you’re looking for the perfect storefront or an apartment complex to generate some extra income, commercial real estate can be a solid investment. eBay Canada enables you to search for commercial real estate properties nationwide. |
Determine Your Commercial Real Estate Goals
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Determine Your Commercial Real Estate GoalsBuying commercial real estate can be a good way to invest your money. Most people start buying commercial real estate for one of the following reasons: a specific business use, extra rental income, or to build equity. Some people buy commercial real estate with a specific use in mind. They want to open a store, restaurant, or bar and need a place to put it. Buying the property can provide definite benefits over renting, including building equity (see below) and the ability to manage your commercial real estate space without restrictions from a property owner. People who buy commercial property are also often looking for some extra income. Whether you’re interested in buying a duplex, an apartment complex, or a mini-mall, renting out your commercial real estate space can be a great way to earn some extra money. In a growing market, where real estate prices are rising, someone else is helping you build equity. If you rent out half of your duplex, your renters are helping you pay your mortgage and build equity (see below). Be sure you understand all of the economics. Equity is the value of the owner’s share in a property. When you finance a large sale commercial real estate purchase, you’re borrowing the money from the bank and slowly paying the bank back. With each dollar you pay back, that much of your equity is growing. Think of it as the ultimate piggy bank, where every dollar you put in gives you a little more of the property. And if your commercial real estate property appreciates, that single dollar can end up being worth more than a dollar. As the value of your commercial real estate property increases over time, so does your equity. | Back to top |
Plan Commercial Real Estate Investments
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Plan Commercial Real Estate InvestmentsNo matter what kind of commercial real estate property you buy, real estate appreciation is usually a slow process. You’ll need to make a solid plan and account for potential problems. Before you secure financing, it’s important to know exactly what you can afford and how much risk you’re willing to accept. Determine whether the rental rates can support the expenses of the property, including but not limited to the loan payments, taxes, insurance premiums, and repair and maintenance. Before you can decide what kind of commercial real estate property you want to buy, it’s important to take into account your skills, ability, and the amount of time you want to put into it. If you can afford a 10-unit apartment complex but don’t have the time (or the stomach) to deal with 10 different tenants, then maybe a duplex is more your speed. If you’re a do-it-yourselfer, then maybe you can buy a fixer-upper and make more money by doing the work yourself. While the value of commercial real estate property can be averaged over a large area, each market is unique. Spend some time walking around the neighbourhood. What is the rent of other similar commercial real estate properties in the area? Consult an accountant and make sure you structure your investment to meet your tax and investment goals. There are many commercial real estate books available on eBay to help you learn more about buying commercial real estate property and how to make it work for you. | Back to top |
Find Commercial Real Estate on eBay
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Find Commercial Real Estate on eBayOnce you know what type of commercial real estate you want, go to the Real Estate portal, click Commercial, and start searching for item listings on eBay. Keyword search: Search eBay listing titles for specific words. For example, if you want to find an apartment complex, type "apartment" (without quotation marks) into the Search box. Click "Search title and description" to expand your results. Visit eBay's Search Tips page for more tips on searching with keywords.
If you can't find exactly what you want, try shopping eBay Stores, tell the eBay Community what you want by creating a post on Want It Now, or save a search on My eBay and eBay will email you when a match becomes available. | Back to top |
Buy Commercial Real Estate with Confidence
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Buy Commercial Real Estate with ConfidenceBefore making your purchase, make sure you know exactly what you're buying, research your seller, and understand how eBay and PayPal protect you. Carefully read the details in item listings. Figure delivery costs into your final price. If you spend a lot of money, make sure the seller will insure the item when it ships. If you want more information, ask by clicking the "Ask seller a question" link under the seller's profile. Always make sure to complete your transaction on eBay (with a bid, Buy It Now, or Best Offer). Transactions conducted outside of eBay are not covered by eBay protection programs. Never pay for your eBay item using instant cash wire transfer services through Western Union or MoneyGram. These payment methods are unsafe when paying someone you do not know.
Research your seller so you feel positive and secure about every transaction. What is the seller's Feedback rating? How many transactions have they completed? What percentage of positive responses do they have?
What do buyers say in their Feedback? Did the seller receive praise?
Most top eBay sellers operate like retail stores and have return policies. Do they offer a money-back guarantee? What are the terms and conditions?
In the unlikely event that a problem arises during your transaction, eBay and PayPal are there for you. Pay safely with PayPal: PayPal enables you to pay without the seller ever seeing your bank account or credit card numbers. In fact, PayPal protects buyers 100% against unauthorized payments from their accounts. Plus, with PayPal Buyer Protection, your purchase can be covered up to C$1,250.
eBay Security & Resolution Centre: Visit the Security & Resolution Centre to learn how to protect your account and use eBay's quick and efficient resolution tools. | Back to top |
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