Client’s Goals are Our Goals. Our philosophy is very simple: Listen to our Clients need, understand their goals, and efficiently deliver the best possible results. The substantial amount of repeat business we receive from our clients speaks volumes about the level of service, professionalism and integrity our team brings to each project and each relationship.
Mark and the CIR Realty Team is committed to providing exceptional real estate services across all property types and service lines.
Services 1. Commercial
Property that is used solely for business purposes. Examples of commercial real estate include malls, office parks, restaurants, gas stations, convenience stores, office towers, and industrial real estate, which is used for manufacturing and production. The businesses that occupy commercial real estate usually lease the space. An investor usually owns the building and collects rent from each business that operates there.
Buying or leasing real estate for commercial purposes is very different from buying a home or even buying residential real estate as an investment. Commercial leases are generally longer than residential leases, and commercial real estate returns are based on their profitability per square foot, unlike structures intended to be private residences. Moreover, lenders may require more money for a down payment on a mortgage for commercial real estate than for a home loan.
Services 2. Residential
Home ownership, also known as owner-occupancy, is the most common type of real estate investment in Canada. According to the National Multifamily Housing Council, roughly two-thirds of residents own their home.
Individuals who are in the market to buy a home to live in often need to borrow money in the form of a mortgage because home prices are generally well above the savings of a household.
In addition, mortgages can come with sometimes heavy costs, including transaction fees and taxes, that are often rolled into the loan itself. Once potential home owners have proven their eligibility and secured a mortgage from a bank, they must complete an additional set of steps to make sure the property is legally for sale and in good condition.
Services 3. Investment
Unlike other investments, real estate is dramatically affected by the condition of the immediate area where the property is located, hence the well-known real-estate maxim, "location, location, location." With the exception of a national or global recession, real estate values are affected primarily by local factors such as the availability of jobs, crime rates, school quality and property taxes.
Buying real estate directly results in profits (or losses) through two avenues: revenue from rent and appreciation of the real estate's value. Rental money comes from land already developed into residential or commercial real estate. Appreciation can come from either developing raw land or from the appreciation of the area around the land you own.