16 Aug Top 5 Reasons to Hire a Commercial Real Estate Professional
1. SAVE TIME.
This reason is especially true for the business owner who invariably wears too many hats already. You have enough to do in your day-to-day to take the time to compile and review listings, call listing agents, schedule and arrange property tours, write LOIs (offers), review city zoning, and stay on top of a lengthy negotiation, among other things. We will save you time.
2. SAVE MONEY.
Commercial real estate agents who represent a buyer or a tenant are paid a commission. Generally speaking we do not charge our buyers/tenants a fee; instead we are paid a commission from the landlord/owner.
More importantly, though, commercial real estate agents save you money because we have the skills to negotiate the best deal on all parts of the transaction. For instance, Scheer Partners recently negotiated an office relocation / expansion. Our client was ecstatic with these terms and confided in us that he probably wouldn’t have thought to negotiate those terms on his own.
3. LISTING ACCESS.
Most people are not aware commercial real estate listings are not as centralized as they are in residential real estate. Because there are so many different property and transactions types, commercial real estate has several different listing platforms, and only a couple of them are open to the public. If you don’t hire a commercial real estate agent you will not have access to a majority of the market’s available properties that fit your requirement – We do.
4. MARKET KNOWLEDGE & SPECIALIZATION.
We have an in-depth market knowledge that you most likely do not have. After all – it’s our job and like any profession, we stay on top of the trends in our field. We perform thorough market analysis both on paper and in the field. It is this information which allows us to keep up with supply and demand cycles in our region. Because of this market knowledge we are able to quickly and inherently know if a listing is priced fairly. We are well read and versed on the latest market trends which will give you the peace of mind to know we are pricing them as intelligently and as up to date as possible. What was fair market 6 months ago has the potentiality of not being fair market today.
Regarding specialization, when you’re shopping for a commercial real estate agent, it’s important to look for an agent who is experienced in the nuances of the specific geographic market and property type you are looking for. Most commercial agents specialize in a certain sector of commercial real estate, i.e. retail, industrial, or office.
We are extremely well connected individuals. We are constantly in touch with our market’s movers and shakers: business owners, investors, property owners, our colleagues, politicians, etc. We are always networking and this wealth of contacts is a huge benefit to you.