Running a business is something that you may be very good at already and you know all the complex ins and outs of the business world. But, first thing’s first, you will need a place to put up your business and you will need to purchase a commercial property. You think that would be easy? Think again.
Commercial real estate is something that only a good real estate broker can handle. Having a real estate broker will save you a tremendous amount of energy and time, which you can use on other important business matters. Just leave this part to the experts; this way, you will have an assurance that nothing will go wrong with the purchase of your property because it was handled by a professional.
So, what are the benefits of hiring a commercial real estate broker?
Yes, you may think that hiring a broker will mean more expenses for you because of his/her commission. The truth is, the property’s price already includes the agent’s fee and the broker’s commission. You don’t have to be the one to give the commission to your broker for getting you the deal.
Again, real estate is a complex business that requires a lot of training and experience. The broker’s job is not just putting the “SOLD” sign on the lawn. Save your time from doing the site tours, checking out every listing, and negotiating with agents. This can be done by a person who is more qualified than you are. There are times that you have to admit that you cannot do everything, especially when you are just starting your business. Your broker will do all the running around and will deal with all the technical aspects for you.
Get the best deal
Because brokers have taken real estate classes and are thus trained to negotiate with agents or property owners, you have a good chance of getting a property for less than the budget you have prepared for it. They have the skills in getting that “meet halfway” price. At the end of the day, you save a lot more when you hire a broker than when you do the job yourself.
Find the best property
Brokers have a nose for properties that give value to your money. They know where to look and how to get the best property for your business. They are experienced in determining which infrastructure would go best for your needs. Most of these brokers have undergone real estate courses, and their skills and knowledge are evident in how they choose the best property for you. Whether it’s for an office space, a restaurant, or an assisted living facility business, they know where and how to get them.
When you consult a real estate firm, they will be the one to assign different brokers to do specific jobs until a deal is closed and you are in operation. It’s a one-stop shop for you because they will not leave you hanging until everything is all ironed up. These firms usually have packaged services that may be tailored to your needs. You will be able to discuss with them what your ultimate goal is, and they will do all the dirty jobs to get that done for you in one go. Imagine how convenient that is for you?
Get access to commercial listings
We may be able to find properties for sale on our own, but brokers have the complete list of these properties that we don’t even know are up in the market. Most of the time, properties are not listed publicly. The owners have their agents who do the marketing of their properties, and these agents have direct contacts with the brokers; hence, they are the only ones who have access to these listings. If you don’t have a broker, you may be missing out on great property deals.
If we are sick, we cannot cure ourselves; we go to a doctor. When we are faced with a lawsuit, we do not defend ourselves; we get a lawyer. If we need to find the right property for our business, we can’t just buy one right away; we get a commercial real estate broker!