Stepping into the Real Estate Market? It can feel fairly daunting. Whether you are trying to lease or sell your property fast or are looking to rent or buy a new property – the process can sometimes be a long and frustrating one. Trawling online listings, shortlisting good properties, booking appointments, making offers and negotiating can all be very time consuming and exhausting – and we haven’t even started talking about the paperwork that comes once the deal is done!
In the fast-paced, cutthroat world of business, sometimes real estate issues such as to sell your property fast or getting hold of commercial space can end up affecting your business’s productivity and profitability. This is where the services of an experienced, knowledgeable and, of course, a licensed commercial real estate agent can come in handy. They are the real experts and know the trade, the market and the legalities of buying/renting or selling/leasing real estate.
But it’s not just about outsourcing the legwork! There is much more to a commercial real estate broker than just locating the right property and negotiating a good deal.
WHAT IS THE ROLE OF A COMMERCIAL REAL ESTATE BROKER?
A commercial real estate broker has innumerable responsibilities and plays a pivotal role across the entire spectrum of property buying or selling. But their work and involvement go way beyond just the actual deal. Here are some points that can clarify the role of a Commercial Real Estate Broker –
• In a Commercial Real Estate landscape, either a landlord lists available space with a broker whose main job is to look for tenants or is approached by a client who needs a commercial property that fits their requirements and budget.
• Even if you are hiring a real estate brokerage and sign your representation letter with them, you are working with a person. The trust is not with the agency, but with the agent.
• A broker who works exclusively for you has one main assignment – to get you a good deal on a space that meets your needs – not to help the landlord quickly fill the building or get top rent.
• The broker brings experience and a solid understanding of markets in your metropolitan area and can help winnow out office space that is not ideal for what you do.
• Their local know-how can also help companies find potentially profitable spots for their business.
BENEFITS A COMMERICAL REAL ESTATE BROKER BRING TO THE TABLE
Save time, save money and save effort
To sell your property or to find good commercial space can suck up time and resources. Hiring a real estate broker lets you get on with what you need to be doing – running your business and growing it.
A commercial real estate broker negotiates for a living and can provide a buffer between the owner/buyer and the client. Negotiations are not always smooth and it is helpful to have an advocate on your side who can spot hidden charges or profit centres for the landlord.
Leases are legal documents, which no one likes to read – they are confusing and full of obscure jargon. A reliable broker can interpret these complex legal documents and help negotiate lease clauses that could be risky to the client.
Local Knowledge and Contacts
A licensed real estate agent has earned his licence with a lot of effort. They have learned the subject, passed certifications and, in most cases, have worked in the area extensively. He/she knows the market and is completely clued in on all the details of the local real estate market. They also have a pool of resources and contacts which can be leveraged to sell your property fast or get you the ideal commercial space easily.
WHAT DO THEY CHARGE FOR THEIR SERVICES?
All that expertise, effort and market experience, naturally, comes at a cost. This is in the form of a commission, usually paid for by the owner or the landlord of the property.
And what does this commission get you; what is it worth? It allows you to sell your property fast and for the right value or helps you find the perfect commercial space to run your business.
More often than not, the person on the other side of the table is sitting with an experienced realtor and to get a good deal you need the same skills. After all, if you don’t know the market trends or have a talent for negotiating or can catch the unsaid, tiny details, then it’s best to hire someone who can do all this and more.
In the end, the commission you pay will be worth every cent!
If you are looking for an experienced and trustworthy realtor to set up your business in Mississauga, then look no further! Call us or email us to get a FREE consultation.