Serving individuals and businesses |
314-527-3224

Buying commercial real estate is more complex than residential

Both residential and commercial real estate are bought and sold often, but the process and complications involved in each type of sale differ. Purchasing residential property tends to be a little bit easier and there is a fairly established procedure for purchasing residential property. Residential properties also usually involve one person or a family and the sale prices are much lower making the financing side much easier to handle often times.

However, commercial real estate purchases have some more complications. One complicating factor is that commercial properties generally cost much more because they involve much larger areas than typical residential real estate lots.

Commercial real estate is often valued higher since zoning laws and other considerations limit the amount of commercial real estate available. Also, before purchasing commercial property generally the company or person will need to have engineering studies completed, analyze permitting requirements and zoning in the area, and other studies to ensure they will be able to use the property for their intended purpose. All of these aspects take time which adds length to the process in addition to complications.

Real estate transactions occur almost every day in Missouri. The type of transaction that takes place differ though and the complications that can arise depending on the type of property being purchased also vary. Commercial real estate transactions tend to be more complicated and take more time to complete. Both before and during the process it is important for the buyers to understand these complications and consulting with an experienced attorney may be helpful.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Contact the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

St Louis Office
4509 Lemay Ferry Road
St Louis, MO 63129

Phone: 314-527-3224
Fax: 888-288-9341
St Louis Law Office Map

Chesterfield Office
16091 Swingley Ridge
Suite 220
Chesterfield, MO 63017

Phone: 314-527-3224
Map & Directions