New To The Real Estate Market?
Get A Commercial Real Estate Agent Now!
Stepping into the Real Estate Market? It can feel reasonably 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 have not 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 selling your property fast or getting hold of commercial space can end up affecting your business’s productivity and profitability. This is where the service 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 is not just about outsourcing the legwork! There is much more to a commercial real estate agent than just locating the right property and negotiating a good deal.
What Is The Main Role Of A Commercial Real Estate Agent?
A commercial real estate agent 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 real deal.
Here are some points that can clarify the role of a Commercial Real Estate Agent –
- 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 agent 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 agent who works exclusively for you has one main assignment – to urge you a decent deal on an area that meets your needs – to not help the owner quickly fill the building or get top rent.
- The agent brings experience and a solid understanding of markets in your metropolitan area and might help winnow out office space that is not ideal for what you are doing.
- Their local know-how can also help companies find potentially profitable spots for their business.
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.
Often, 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 do not 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!