With the advent of the internet and the wealth of information available online…. do I really need a commercial real estate agent to assist with my commercial real estate transaction?
Yes, and here is why.
As you can imagine finding a business location and/or a lease renewal for a location is a process. It is not just identifying a building and zip code it is more, and for those purchasing, it is a long term investment.
It is most efficient if you select a commercial real estate broker who can help you do the following:
- See the Big Picture
- Understand the Value of your Purchase
- Negotiate the Best Terms Possible
- Devote the Manpower and Time to Achieve all your Goals
Most commercial real estate agents work on a contingent basis, meaning they will get paid upon the purchase, or signing of the lease, which is usually paid by the Seller, or Building owner. This type of arrangement is often a win-win situation for the company as they are not obligated to make a purchase. With that being said a company may also enter a retained agreement with a retainer for services for a larger project that will take several years. Also most agents are working for the Buildings Owner. If you are a business looking for a location, or faced with a lease renewal, select an agent to represent your business.
If you decide to hire a commercial real estate agent we suggest you interview a few professionals and choose someone you like, trust and who has experience!