Commercial Property - Finding Good Areas

If you are not familiar with the growth patterns,neighbors in the area and ask if they know who
ask an experienced real estate agent, talk to anowns the property. If you can't determine the
active real estate appraiser, or visit the Chamberowner and their address, go to the County Tax
of Commerce. Make sure you concentrate on anAssessor's office. At the Tax Assessor's office
area that is growing. You do not want to buy landyou can locate the property on their tax maps
and have to hang on to it. Of course, if you useand they can provide you with the name and
the techniques in this book, you can tie up a pieceaddress of the owner. By looking at the tax map
of property and see if it will resell before youyou can determine how many acres the people
actually close on it. In order to find property thatown and how it lies. This could give you very
can be bought for a reasonable price and provideimportant information on the approximate road
a good profit margin, you will normally look on thefrontage and whether the road is public or private.
outskirts of the city. When looking for a tract,And whether the tract is so deep that a road
first make sure you are in a county that will notwould have to be built or shallow enough so that
prevent your subdividing activities. Then as youit would be perfect for slicing up. Analyzing the
are looking for land in a particular area, notice iftax map could cause you to loose interest in that
there are fire hydrants or manhole covers inparticular piece of land or could get you very
place.excited. These maps will also indicate any
And look for land with a for sale sign on it,easements that have been recorded on the
preferably by the owner. Personally I prefer toproperty. Also while you are there, if it looks as
find land that is not listed with a real estatethough you want to pursue this piece of land, ask
company. Should you come upon property thatif they have aerial maps of the area.
really gets your attention and there is no sign onYou can then look at the tax map and determine
it, you will need to locate the owner. Even thoughroughly where the property lines are on the aerial
I feel that working directly with the owners of aphoto. These photos can be very helpful in your
particular piece of land is preferred, workinginvestigation of the tract as they would show
through a Realtor is still feasible. I found thatpossible problem areas such as a large swamp or
Realtors will go along with a delayed closing if theya large ravine, etc. It would be best for you to
feel that is the only way they can assurelearn as much as possible about the land before
themselves of a commission in the near future.you approach the owners. Through the years, I
And on occasion they will cut their commission inhave found the tax maps and aerials obtained at
order to make an arrangement work.the tax assessor's office to be very helpful.
To locate owners, first visit some of the