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Explain the issues that might be included in a residential real estate negotiation. How will these issues differ from a commercial real estate negotiation?
You are in the process of negotiating a commercial real estate transaction and your brother is in the process of negotiating a residential real estate transaction. Your brother says “the process of negotiating my home purchase and your commercial building purchase is exactly the same.” You chuckle and explain to him that the process does have some similarities, but there are myriad of differences. Your brother asks you to explain the procedural differences between these two types of negotiations. What will you tell him?
You have just decided to purchase a new home. How will you go about evaluating the financing options for this home? What are the advantages and disadvantages of each of your options?
You have decided to open your own business and are looking for retail and industrial space. You are trying to decide if you should buy your space or lease it. What are the advantages and disadvantages of both of these options?
