C. Frederick Wehba, a real estate leader with four decades of experience in his field, has a deep understanding about the various complexities related to buying a property. For Americans today, this process carries with it an extraordinary financial responsibility, notes C. Frederick Wehba. In this recent interview with Presentation Solutions, C. Frederick Wehba explains the different activities required before completing a real estate purchase.
Presentation Solutions: Welcome – thanks for calling in today!
C. Frederick Wehba: I appreciate the opportunity, and you are welcome.
Presentation Solutions: Here’s the million-dollar question: Should people rent or own?
C. Frederick Wehba: Well, there are a distinct set of advantages and disadvantages to each option.
Presentation Solutions: That’s a broad answer…
C. Frederick Wehba: It is! Each individual must ask a number of important questions before making his or her decision.
Presentation Solutions: What are some of the major costs?
C. Frederick Wehba: Business persons should consider their long-term prospects before purchasing a new property.
Presentation Solutions: How so?
C. Frederick Wehba: A significant down payment is often required in most cases, not to mention property appraisals and early-stage renovations.
Presentation Solutions: For what is the property owner responsible?
C. Frederick Wehba: Purchasing a property commits the owner to a variety of tasks. In the event of business growth requiring workplace changes, it may be difficult to make adjustments when property ownership is involved.
Presentation Solutions: What other considerations are important in this decision, in your opinion?
C. Frederick Wehba: It’s the owner’s responsibility to take care of any waste products resulting from activities at the property.
Presentation Solutions: Could you talk about the possible consequences of poor maintenance?
C. Frederick Wehba: If the business releases contamination into the local ecosystem, legal authorities require that the business owner address the issue.
Presentation Solutions: What might be necessary in that scenario?
C. Frederick Wehba: Financial reparations are often necessary to fix the problem. And they can be quite costly.
Presentation Solutions: It seems that purchasing may not always be the right fit, then.
C. Frederick Wehba: Although it offers plenty of rewards, it is also a tremendous obligation and must be carefully considered before plunging ahead.
Presentation Solutions: Does the final decision depend on the specific neighborhood of the property?
C. Frederick Wehba: Location is always a vital aspect of the selection process, whether it is for the purchase of a personal home or commercial property.
Presentation Solutions: In more attractive areas, is leasing or purchasing the best option?
C. Frederick Wehba: Properties located in desirable regions are often easier to lease than to purchase, yes.
Presentation Solutions: Very interesting…
C. Frederick Wehba: The most prudent solution is to seek out the counsel of a top-level real estate professional who can offer invaluable guidance.
Presentation Solutions: This has been a highly educational chat. Thanks again!
C. Frederick Wehba: It has been my pleasure.
Los Angeles business expert C. Frederick Wehba is a trusted advisor in the real estate market, answering a series of questions for would-be lessors and property owners who are confused about these complex processes. We appreciate C. Frederick Wehba taking the time to share powerful information that sheds light on the various aspects of these transactions.