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What Happens if a Commercial Real Estate Contract is Breached?

It's an everyday reality: The deal is sealed, the ink barely dry, and the contract set— but then, someone starts to second-guess. Perhaps a buyer pulls back, a seller gets cold feet, finances become a hurdle, or titles can't be transferred. Commercial real estate contracts are unique and fascinating because no two properties are identical....

Feb 06, 2024
7 Questions Before Getting Commercial Real Estate Title Insurance

Commercial real estate transactions can be incredibly complex, demanding months of research and mountains of paperwork. One of the key pieces for any commercial transaction is title insurance, which protects your investment from potential problems with property ownership and encumbrances against the property. But why do business owners like you need it? Here are seven...

Jan 30, 2024
Real Estate Transactions: Knowing The Differences Between NC and VA

Getting to grips with real estate transactions? It's key to know that rules can vary from state to state. Here, we'll walk you through the unique aspects of the commercial real estate transaction process in North Carolina (NC) and Virginia (VA). Let's get started. What is a Commercial Real Estate Transaction? A commercial real estate...

Jan 12, 2024
Important Aspects of an Escrow Agreement

What is an Escrow Agreement? An Escrow Agreement is a legal document that outlines the rules and regulations governing the use of real estate and business escrow services. It's an important part of many financial transactions, where an impartial third party, known as an escrow agent, holds assets or documents on behalf of the transaction...

Dec 26, 2023
Commercial Real Estate Transaction Checklist

Executing commercial real estate transactions as an active investor is challenging due to the numerous elements that require alignment and management. In fact, according to a recent survey by Deloitte, 58% of investors consider the transaction process the most challenging aspect of commercial real estate investing.  Many investors use checklists to maintain order and prevent...

Dec 05, 2023
11 Tips for Successful Commercial Real Estate Negotiations

Negotiating isn't just about the price– it's about navigating the complex landscape of a commercial real estate transaction process. From understanding the market to mastering communication, NexGen offers key tips to sharpen your negotiation skills and smooth your property deal. Ready to dive in? The Art of Negotiation The first rule of thumb in the...

Nov 28, 2023
Role of Title Insurance in 1031 Exchange Transactions

You've probably heard of a 1031 Exchange transaction if you're into real estate investing. Thanks to Section 1031 of the US Internal Revenue Code, investors can avoid paying capital gains tax when they swap one property for another. It may sound a bit complicated, but trust us, the financial rewards can be worth it. But...

Nov 03, 2023
commercial title insurance agency

Commercial real estate transactions are a big deal (literally and figuratively), stacked with paperwork and enough jargon to make your head spin. In the middle of all this, you’ve probably come across the term ‘commercial title insurance’ and found yourself scratching your head, wondering what it’s all about. All you know is that it’s somehow...

Oct 26, 2023
man's hand is building a cube wood text - TAX

Knowing the mechanics of 1031 tax-deferred exchanges can massively impact your investments in the long run. Under Section 1031 of the Internal Revenue Code, you can swap one real estate investment for another and defer capital gains taxes. However, navigating the rules of 1031 exchanges, such as like-kind properties and time frames, is easier said...

Oct 03, 2023