Real Estate Maps are Essential when Selling a Property
When selling a commercial property, it is essential to have accurate real estate maps. Offering memorandums, broker opinions of value and real estate flyers all rely on good maps to help prospective buyers understand the location and size of the property. Inaccurate maps can lead to misunderstandings and lost sales. That’s why it’s important to partner with a company that specializes in creating high-quality real estate maps.
What is a real estate map?
A real estate map is a visual representation of a property. It shows the location of the property, as well as its size and shape. Real estate maps are used by brokers and real estate agents to help potential buyers understand the location and features of a property.
According to Investopedia, “An excellent way to evaluate a commercial property is to study the neighborhood it’s located in.”
Why are real estate maps important?
Real estate maps are essential when selling a property because they help potential buyers understand the location and features of the property. Without accurate real estate maps, it would be difficult for brokers and agents to market a property effectively.
“Businesses looking for offices, and investors looking for their next purchase, are using digital maps to quickly shortlist viable options by filtering preferences, such as proximity to public transport. Brokers and tenant representatives are using this also to communicate options to their clients,” said JLL.
What should be included on a real estate map?
Some of the most important information to include on a real estate map are the property’s boundaries, as well as its location relative to surrounding landmarks and roads. It’s also important to include an accurate scale so that buyers can understand the size of the property.
“Real estate mapping also helps in identifying footprints for many urban locations and important landmarks that are in close proximity to the concerned project,” according to Propacity.
Other information that can be included on a real estate map include:
- Property lines
- Building footprints
- Parking areas
- Landscaping features
- Road names and addresses
- Nearby businesses
- Nearby amenities
What are some common uses for real estate maps?
There are many common uses for real estate maps, including:
Offering Memorandum: An offering memorandum is a document that is used to sell a property. It typically includes information about the property, such as its location, size, and features. Offering memorandums often include real estate maps to help potential buyers understand the property.
Broker Opinion of Value: A broker opinion of value is an estimate of the value of a property. It is typically used by brokers when marketing a property. Broker opinions of value often include real estate maps to help potential buyers understand the location and features of the property.
Real Estate Flyer: A real estate flyer is a marketing tool that is used to promote a property. It typically includes information about the property, such as its location, size, and features. Real estate flyers often include real estate maps to help potential buyers understand the property.
Real Estate Research: Real estate research is an important part of selling a property. It involves gathering data about the market, the competition, and the properties in the area. Real estate research often includes real estate maps to help analysts understand the market and identify trends.
How can I get a real estate map?
If you are selling a property, it is important to partner with a company that specializes in creating high-quality real estate maps. A good real estate map can make all the difference in getting your property sold. Contact us today to learn more about our services. We would be happy to help you get started.
When selling a commercial property, having an accurate and up-to-date Real Estate Map is essential. It provides brokers, agents, and prospective buyers with critical information regarding the location and features of the property being sold.