Real Estate Contract Negotiation
Commercial real estate contracts can be challenging to parse. Hokanson makes negotiating a real estate contract simple and efficient.
Buying and selling commercial real estate is a time-consuming and detailed process. No two commercial leases are the same—navigating the nuances of a contract and landing on a reasonable purchase price can be a trial. Regardless, purchasing new commercial property is an excellent way to expand your organization and strengthen your investment profile. Learning proper real estate negotiation strategies is essential to becoming an effective buyer and seller.
Hokanson Companies, Inc. is your ally in corporate real estate matters. We have over 80 years of experience in the industry and can lend you a capable hand in everything from construction and brokerage to property management and development. Our team is seasoned and possesses all the latest resources and processes you need to negotiate a commercial lease successfully. We tailor our solutions to align with your objectives and accelerate your efforts.
It’s vital for businesses to prepare for real estate contract negotiation before moving forward with a purchase. Strategizing and sorting through negotiation tactics saves you time and money. Proper planning lets you settle on ideal lease terms and gain the upper hand over your prospective buyer or seller. Rushing into a purchase can leave you with unexpected expenses, little bank financing, more square footage than you bargained for, and more.
When you have Hokanson in your corner, you have access to a team of experienced corporate real estate experts. We apply our deep knowledge base and comprehensive resources to help you negotiate real estate contracts more effectively. Our experts evaluate your business to learn your objectives. We build strategies from the ground up that match your requirements and outline your needs, from location and accessibility to convenience and potential growth.
Our team helps you review:
Hokanson is a seasoned corporate real estate expert. We’ve spent over 80 years growing roots in the industry and have the resources to guide your investment efforts. Our solutions reinforce your existing strategies and align with your mission.
An effective budget can give you an upper hand in commercial property contract negotiation. You understand what you can afford and can prepare for closing costs without stress. As your corporate real estate partners, we can guide your efforts and help you define a formidable budget. Our team can also help you discover and explore all possible financing options to ensure you can cover the purchase price and everything beyond.
Do you need assistance covering due diligence? Performing structural and environmental assessments is critical to real estate contract negotiation. These evaluations can be expensive and negatively impact your budget if you don’t plan for them beforehand. You should have the resources and capital to cover the expenses for renovations, legal fees, commission, possible downtime, and unexpected fees.
Discovering the best real estate property for your investment profile is challenging without a solid strategy. Hokanson is your source for high-quality consultative services. We build custom solutions designed to meet the needs of the shifting corporate real estate market. Our negotiation tips focus on informing you and helping you gather the tools to strike beneficial lease terms with vendors.
Our negotiating tactics include:
You should fully explore your opportunities before settling on a commercial property. The more you know, the easier it’ll be to negotiate an excellent purchase price with the vendor. Hokanson helps you discover and understand allowable uses to ensure your company can operate in the new commercial building. We also help you account for potential expansion if you expect to grow within the next few years. Some locations include municipal planning restrictions that prevent large-scale improvement.
Our team can also work with you to create a list of potential renovations to accommodate your business and ensure your building is in peak condition. Getting ahead of potential obstacles like zoning permits and title issues saves you time and money. Similarly, understanding how much you may need to invest in repairs and ongoing improvements makes it easier to adjust your budget and offer price accordingly.
Creating an advantageous offer is easier with a complete understanding. Hokanson uses our findings to structure an offer that matches your requirements and reflects your objectives. Our consultants help you through the entire process, ensuring you build in time and budget for responsibilities like bank financing approval and all due diligence activities. Factoring assessments and other studies into your deal ensure you have the flexibility to address them efficiently.
Hokanson ensures you have all the documentation you need for a successful close. We help you collect property tax statements, utility bills, and a detailed list of repairs and capital improvements going back at least five years. With a record of environmental assessments, you gain clarity on potentially hazardous materials and can verify whether your bank approves the vendor’s assessor. Our experts ensure you involve your bank and other resources when they’re the most useful.
With our corporate real estate specialists on your side, you never have to worry about it being too late to alter the course of a real estate contract negotiation. We identify potential issues so you can negotiate reductions in the purchase price and optimize your deal in good time.