THE TOP NINE REASONS TO HIRE A PROFESSIONAL WHEN LEASING OR BUYING COMMERCIAL REAL ESTATE

WHAT ARE THE STRONGEST CASES FOR HIRING A BUYER OR TENANT’S AGENT?

1. BUYER’S AND TENANT’S AGENTS CAN LEVEL THE PLAYING FIELD. FIND A REAL ESTATE AGENT THAT WILL REPRESENT YOU EXCLUSIVELY AND REPRESENT YOUR BEST INTEREST. LEASES AND SALES CONTRACTS ARE COMPLICATED AND REQUIRE THE HELP OF A SKILLED NEGOTIATOR, SO MAKE SURE “YOUR TEAM” IS A GOOD MATCH FOR THE ONE ON THE OTHER SIDE.
2. BUYER’S AND TENANT’S AGENTS CAN CREATE LEVERAGE. A GOOD AGENT WILL LEVERAGE YOUR NEEDS OVER THE SCOPE OF SEVERAL PROPERTIES THAT WORK FOR YOU. THIS WILL RESULT IN LANDLORDS AND SELLERS COMPETING FOR YOUR BUSINESS.
3. BUYER’S AND TENANT’S AGENTS BECOME THE MIDDLE PERSON. A GOOD AGENT WILL BECOME THE INTERMEDIARY BETWEEN YOU AND THE FOLKS ON THE OTHER SIDE OF THE DEAL. YOU GET TO KEEP DOING YOUR REGULAR DAY JOB AND ONLY HAVE TO ANSWER CALLS, EMAIL AND TEXTS FROM YOUR AGENT WHEN THE NEED ARISES.
4. BUYER’S AND TENANT’S AGENTS CAN PROVIDE MARKET KNOWLEDGE – FIND SOMEONE WHO KNOWS THE MARKET WHERE YOU ARE LOOKING. WHAT ARE THE MARKET TRENDS, DEMOGRAPHICS, ETC? IF THE MARKET IS CHANGING OR MOVING IN A DIFFERENT DIRECTION, YOU WILL WANT TO KNOW THAT BEFORE MAKING AN OFFER.
5. BUYER’S AND TENANT’S AGENTS CAN PROVIDE INFORMATION – A GREAT AGENT WILL PROVIDE YOU WITH MORE THAN ENOUGH INFORMATION ABOUT ZONING, SPACE ALLOCATION, PARKING, BUILD OUT, SIGNAGE, ETC, SO THAT YOU MAY MAKE A PRUDENT DECISION. THIS ALONE WOULD REQUIRE YOU TO SPEND COUNTLESS HOURS ONLINE, IF YOU WERE TO DO IT YOURSELF.
6. BUYER’S AND TENANT’S AGENTS SHOULD PROVIDE CONFIDENTIALITY – MOST STATES REQUIRE THAT AGENTS WHO REPRESENT ONE PARTY OR THE OTHER MUST CONDUCT THESE RELATIONSHIPS AS FIDUCIARY IN NATURE AND HOLD ALL INFORMATION AND COMMUNICATIONS PERTAINING TO THEIR CLIENT(S) IN THE STRICTEST CONFIDENCE. THERE WILL BE TIMES WHEN YOU JUST PLAIN NEED SOMEONE TO TALK TO WITH THE ASSURANCE THAT IT WON’T BE POSTED ON THE INTERNET.
7. BUYER’S AND TENANT’S AGENTS CAN PROVIDE CONTACTS. YOUR AGENT SHOULD BE A GREAT SOURCE OF CONTACTS FOR RELATED GOODS AND SERVICES THAT YOU MAY NEED TO GET YOUR LEASE OR SALE PROPERTY DEAL DONE. YOUR AGENT PROBABLY KNOWS A GOOD REAL ESTATE ATTORNEY AND WHEN THE TIME COMES, THAT CONNECTION WILL BE CRUCIAL!
8. BUYER’S AND TENANT’S AGENTS CAN PROVIDE CHOICE. HIRE AN INDEPENDENT AGENT OR AT LEAST SOMEONE WHO WILL SHOW YOU ALL AVAILABLE PROPERTIES IN YOUR MARKET AREA THAT FIT YOUR REQUIREMENTS. SOME AGENTS MAKE MORE MONEY IF THEY WORK A DEAL ON A PROPERTY THAT THEY OR SOMEONE IN THEIR AGENCY HAVE LISTED. THAT COULD KEEP YOU FROM GETTING THE BEST DEAL POSSIBLE. DEMAND THAT YOUR AGENT PROVIDE YOU WITH AS MANY LISTINGS AS POSSIBLE, NOT JUST THE ONES HE OR SHE HAS LISTED.
9. BUYER’S AND TENANT’S AGENTS CAN SAVE YOU MONEY AND IT USUALLY DOESN’T COST YOU ANYTHING. A BUYER OR A TENANT’S AGENT’S FEE IS USUALLY PAID THROUGH THE CO-BROKERING PROCESS BY THE PROPERTY OWNER, SO YOU CAN HIRE AN AGENT TO REPRESENT YOU IN A TRANSACTION AT NO COST TO YOU! HAVING AN AGENT REPRESENT YOU CAN SAVE YOU SOMETHING ELSE IN THE PROCESS…..TIME!

   If you would like more information, please contact J. Daniel Douglass, Licensed Real Estate Broker at 941-920-5638 or email him at jdanieldouglass@verizon.net.