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[23:19, 28th March GMT]
Nawel K. Seth, Broker of Record Trail Blazers Realty, Brokerage,
TEL: 416.630.1999 / 905.660.7999. Toll Free 1.866.890.1999
ICI stands for Industrial, Commercial and Investment Real Estate. It also encompasses investment in land, farms and businesses.
Buying an investment property with good income stream and potential of capital appreciation is every real estate investor\'s dream.
You can find such an investment on your own or seek assistance of an established Real estate agent. For an agent to help you, he will need to know your investment guidelines such as but not limited to your credit score, cash available for investment, you ability to finance and capacity to carry an investment property, time horizon and property management abilities.
The more you share with your broker, the more he will be able to help you and negotiate in your favour. Agents working for buyers have three possible choices: They can represent the buyer exclusively, called single agency, or represent the seller exclusively, called sub-agency, or represent both the buyer and seller in a dual-agency situation. You can decide as to what kind of representation you would need.
More often financing is required for the purchase of an investment property. The appraisal of the real-estate intended for collateral will be obtained by the bank / financing institution during the processing of the loan .You are obliged to ensure that the appraiser gets full access unhindered to the real-estate.
The appraisal is not public and it remains the property of the bank. If you want to get a copy of the appraisal report , you should arrange that with the bank prior to appraisal.