What do you do as a seller’s agent?

* We’ll help you establish the asking price, based on analysis of the market. We’ll also suggest enhancements to the property that may be necessary for a quicker sale.

* Install signage and lockbox.

* Enter the listing into Bright MLS, which serves over 20 million people, reaching more than 110,000 subscribers and more than 100,000 participating agents.

* Review the listing regularly: Review traffic and solicit feedback so you are able to make informed decisions.

* Present all offers and contracts as soon as received while helping you negotiate the best terms.

* Coordinate all details necessary for a smooth closing following acceptance of a contract. Attend settlement and monitor closing procedures.

What do you do as a buyer’s agent:

* Provide information about the community and real estate market

* Provide access to the entire marketplace

* Counsel during selection of a property and preparation of an offer

* Negotiate for the lowest price and best terms and verify the value

* Counsel on financing available

* Verify property condition

* Analyze future salability

* Manage the closing process

What is a condo?

Condo, short for condominium, is a form of ownership where the owner basically owns everything inside their four walls, bounded also by the ceiling and the floor, and also an undivided share in all the common areas. The latter will include open space, parking lots and common areas of the building, if applicable.

How does an office condo differ from a residential condo?

An office condo is conceptually the same as a residential condo, except that it is approved for office use only.

Why should I buy an office condo, when there are plenty of rental office buildings around?

For your business home your choice is the same as for your family home:  buy or rent.  Buying gives you long-term appreciation and other benefits, but perhaps equally importantly, a home for your business not subject to the needs of your landlord.

I’m currently renting space and my landlord pays all expenses, I just pay the rent. How does that compare with a condo?

In the long run office tenants pay all costs of ownership through their rent.  Over time this includes all costs of the owner’s purchase, capital replacements, tenant improvements, debt service, maintenance, real estate taxes, and all other operating expenses. If you own a condo, you pay the fees for the interior of the unit, your association dues will cover the costs of maintenance of common areas. Your reserve payments will accumulate to cover the capital costs of replacing items which are no longer economic to repair.  Although the mechanism may be very different, long-term the economic effect is similar, whether you own or rent.

If I’m going to retire in a few years, should I consider purchasing an office condo now?

An office condo purchase now gives you the opportunity to enter into a lease with the buyer of your business or professional practice when you retire.  This assures your buyer of a place to continue the business or practice.  In, say, another five years from that sale, your condo may have appreciated further, and your buyer may then become the logical purchaser for your office condo.

Why do I need a property manager?

Managing a property requires addressing maintenance, tenant inquiries and collecting rent. A property manager will take the burden off your shoulders to help you efficiently manage everything.

How do you find tenants? What is the screening process?

We take care of all the details: running credit reports, background checks, verifying employment and collecting references.

How much involvement do property owners have?

As much or as little as you prefer! Our job is to help you protect your investment so you can have peace of mind. Maintenance calls, rent collection, paying bills and communication are all part of the agreement.

What are the fees?

We never charge set-up fees, and only collect a fee once a tenant has been placed.

Who does repairs?

Wellborn has a wide range of handymen and contractors that we trust with your property. If you have a preferred vendor that works too!

How is rent collected?

Tenants are given the option to pay by check or electronically, which are then deposited into your account each month.

Learn More About Our Extensive Services Today!

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