Monday, October 21, 2019 / by Vanessa Saunders
When hiring a REALTOR®, be sure he or she is skilled in the type of property transaction you intend to make. The truth is, different real estate dealings come with different regulations, and if your agent isn't an expert in the type of transaction you're conducting, it could come back to bite you not only during the transaction buy down the road as well.
Here's a real-world scenario as related to us by Pearl Insurance, our risk management specialists, in which an agent well-versed in residential sales decided to venture into commercial sales and ended up being sued.
A real estate agent with a successful background in residential sales received a request from a light manufacturer to help locate a new business space to rent. The agent had been selling residential homes for over 30 years, and he welcomed the opportunity to finally put his commercial real estate knowledge to use.
The agent was considered an expert in residential transactions ...
Thursday, May 3, 2018 / by Vanessa Saunders
Open your dream business in this 750 square foot retail space on bustling Piermont Avenue, Piermont, NY's main street. Perfect for any kind of retail or office use except food or restaurants. The shop is in a high traffic location, across from Piermont’s only bank and at the intersection of Piermont Avenue and Ash Street. (Ash Street is the main route to Piermont’s business district from NY Rt. 9W.)
Piermont has a very active retail committee, sponsoring monthly retail promotions, holiday programs and Piermont’s popular celebration of Bastille Day in July. Piermont has always been a magnet for weekend visitors who come to the town for its many well-known restaurants, to walk its mile-long pier into the Hudson River and hike its many nature trails. Piermont is home to a large number of high end residential properties, including three large condominium developments overlooking the Hudson.
Interested tenants will be qualified by a required credit ch ...