In commercial real estate you are asked to price a property for sale almost every day. Price analysis and setting is different than valuation and is done for a different reason.
We hear this often from real estate investors: “What’s the smarter move? Residential or commercial investment property?” It should come as no surprise that there isn’t a one-word answer to this question. You’ll arrive at your best choice — the one that maximizes your chances for success — by working through a decision process that includes some “global” issues, some local and some that are entirely personal.
Drive along the cities of the United States, and you will see commercial properties boasting real estates. They are stylish and commercialized houses sold at approximately a million dollars. Smaller and simpler houses can be bought for half-a-million bucks. Be that as it may, an average American would find it difficult to buy a million-dollar home. Real estates in commercial neighborhoods are generally expensive. Hence, most people prefer building their dream home instead of buying one.