MLS- Put it to Work for You!

There’s no denying that buying a house is simultaneously one of the biggest decisions and most stressful processes we may ever put ourselves through. From first identifying the ideal property right through to the final completion, it can seem like each hurdle is just put there to test you.

Thankfully, help is at hand in the form of your real estate agent. However, while they are there to help guide you through every step, there is another way you can help yourself to find your perfect home right off the bat.

Publicly accessible Multiple Listing Service or MLS documents contain much of the information you need when comparing potential new homes, covering everything from the type of foundation to the age of the roof.

While that level of detail is not necessary for most preliminary searches, scanning MLS listings for the information that is important can be one of the most useful ways of identifying a potential new home.

Everyone’s needs are different, but here are three examples of what you may learn from the MLS listings.

Cool for school

With many young families migrating to other towns, considerations regarding the local schools are becoming increasingly important in the decision to buy homes in the area.

MLS listings usually include which school districts the property falls into, allowing parents ample time to check for themselves the standards of the local education services.

Even for individuals or couples who do not yet have children, homes are usually long time commitments. If there is any possibility of having children in the future, it may still be wise to know about the local schools to decide whether they are suitable for the family.

Lost in space

One of the biggest selling points of a property is how much brick the buyer gets for his buck. This includes both the house and the land outside. Handily, all this information can be found on MLS documents.

The size of a property is often represented by two values: floor area and number of rooms. When looking at MLS listings, the number of bedrooms will always be shown, as will the number of bathrooms.

While having a lot of extra space may seem like a nice problem to have, there are numerous pros and cons to consider when buying a larger home. Although they provide plenty of room for a large or growing family, the extra cleaning, maintenance, heating and cooling may render it more trouble than it’s worth.

The MLS listings provide a nice guide to just how much space there will be in your potential new home.

The specifics of MLS

When searching for new homes, many people have certain features more specific than the size or number of rooms in mind.

Thankfully, whether it’s a gas or wood fireplace, a swimming pool or deck, or even how well equipped the kitchen is, any information required about the property can be found on the MLS listings.

It’s even possible to search MLS listings by keywords, showing only those that have the desired features, further saving time and effort on your part or that of your real estate agent.

Finding and purchasing the ideal property for your new home can be stressful, and anything that reduces that stress is an invaluable tool. By allowing home buyers to search by aspects important to them, be they the school district, number of bathrooms, or even the range of appliances in the kitchen, MLS listings are helping to make the process that little bit simpler.

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Commercial Office Space- Tenants Often Pay More Than Just Rent

When business owners lease commercial office space, there is often more to consider in the way of expenses than just rent. One would like to think that a rent payment each month or year would cover all of the tenant’s costs, but this is usually not the case. Most office space tenants will have to pay an additional rent, such as operating expenses, under the lease terms. Here are some things which all commercial office space tenants must keep in mind when signing a new office space lease.

Business Owners Are Responsible for Rent Plus Operating Expenses

In addition to paying the set rent for the office space, commercial tenants will most likely also pay operating expenses. These are items which the landlord must pay out in order to keep the building running. Some of these costs may include taxes, insurance, utilities, common area maintenance and more. Since these can be quite costly, it only makes sense to have the tenant share in some of the financial responsibility for operating features which they make use of as well.

 The Costs Will Be Stated in the Lease

These operating costs may be few or many in number, depending on the individual commercial office, landlord, location and added features of the building itself. In order to have the right knowledge regarding what the tenant is responsible for and how much these items may cost on a monthly or annual basis, the expenses must be listed in the lease. The lease must be very detailed regarding what the tenant is required to pay, what the landlord will pay and how and when these payments are due.

Operating Expenses May Fluctuate Throughout the Lease Term

It would be nice if there were concrete numbers with regard to these expenses, however, many times these expenses will fluctuate. In fact, most operating costs will vary in amount but there is usually an average number for which the tenant can calculate approximately how much they will be paying in addition to the base rental payment. For most office space  tenants, they will have to pay a portion of the operating costs based on the amount of tenants in the office building, if more than a single tenant setting, and what the landlord requests in the lease. Although the portion of the operating expenses which the tenant needs to pay will be a set percentage, the cost of the operating expenses will still fluctuate.

The Best Way to Understand Operating Expenses Is With a Tenant Representative’s Help

Operating expenses can be a bit difficult to understand, especially if one is new to the commercial office space leasing arrangement. In order to have a good grasp as to what these operating expenses are and how much you will need to pay, having a tenant representative by your side during negotiations, lease signing and beyond will help. The tenant representative will thoroughly examine the operating expense clause and provide you with detailed information on what you will need to pay in addition to your commercial office space rent.