Swann Real Estate

Description

If you're planning to selling or leasing your commercial or investment property in the next few months, this FREE service is designed to help establish your real estate's current market value. Simply choose Market Analysis and fill out the requested information. I will use comparable sold/Leased listings to help you calculate the fair market value of your property. Automatically receive personalized MLS listings by e-mail. Early each morning I will search the local MLS and find the property that match your criteria and notify you immediately with the latest listing information! Simply choose Ideal Property Finder and fill in the requested information. Or, search for yourself at My Listings . Specialization I am a licensed broker in the states of ND and MN. ** Services Provided: Marketing Services, Buyer Representation, Tenant Representation, Site Selection Services, Customized Demographic Reports, Traffic Counts, Zoning Maps, City Ordinances, City Growth Plans, 1031 Tax Deferred Exchange Replacement Property, NNN Lease Properties, Land Investments, Apartments, Commercial Properties, Office Buildings, Retail Centers, Stand Alone Buildings. I specialize in representing my clients in the purchasing and selling of both Commercial/Income Property and Residential Property within the metro area. I keep abreast of all real estate transactions in these areas. Entrepreneurs Facing Lease Vs. Own Decision Need to Take Long-Range Outlook, Expert Says Fledgling entrepreneurs -- be they owners of accounting firms, machine shops, local restaurants, clothing stores, dry cleaning establishments or other small businesses -- face the question of whether to lease or own the property housing their business. According to a national commercial real estate expert, there is no “right ” or “wrong ” answer. A variety of factors pertinent to the individual business and the owner ’s objectives, as well as local market factors, must be taken into account before an informed decision can be made. " Whether or not the company will grow -- and grow substantially in the future -- is one of the principal factors influencing the lease versus own decision," said Kevin Swann, CCIM. "If the business is expected to grow dramatically over the next three to five years, owning is probably not a good option. An entrepreneur is better off leasing in that situation. “ By leasing, the entrepreneur avoids the prospect of either purchasing a building that ’s too large, with the expectation of growing into it, or one that only accommodates current space needs, which will be too small in a few years, ” Swann, continued. The next issue to consider is the availability of flexible lease terms. "Landlords in many markets today offer a long-term lease of seven to 10 years with a clause allowing the business to exit the lease after five years with six months notice, ”Swann said. “In this case the tenant would pay the unamortized cost of getting out." Swann emphasized that obtaining this kind of lease flexibility for small entrepreneurs is a more prudent option than owning real estate. “ Small business owners initially should try to avoid tying up valuable capital in real estate assets, ” said Swann.

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