How to select your Commercial Real Estate Agent ?by Daniel Morris Content Writer The moment we say Commercial Real Estate, you should perceive this is a trade that involves “big money” and a big investment. So the subject of selecting your commercial real estate agent should be approached very cautiously, whether it is for selling, buying or leasing commercial properties.
Why Best Agent?
One cannot be a Master of All Subjects. Every field of business has its nuances and intricacies and so also in the Real Estate Field. The Real Estate Agents are the key persons, who know all the “tricks of the trade” and can make or break a buying or selling contract.
Supposing you want to buy a Commercial Property in a centralized location, the very first thing you should know is how about the market-trend of properties prevails there. Unless you get the help of a well-versed and knowledgeable commercial real estate agent to guide you through the entire buying, selling or leasing process, you are in for a “very big” and avoidable risk.
Make your search in-depth:
In this Internet era, it is easy to go online and make a comprehensive search for a commercial real estate agent, who can fulfill your requirements. For that first, you should frame up your expectations, aspirations, requirements, and budget before embarking on the search.
Once online, check for –
✔ The education, qualification, and credentials of the Agent thoroughly
✔ His experience in the field – particularly in the type of property you have in mind
✔ The strength and knowledge of the Staff employed by him, since this is something crucial for your future contacts
✔ The “closings of deals” carried out by the Agency namely the “track record”
✔ Check what their erstwhile Customers have to say
Discuss your requirements in person:
After the above preliminary checking gets completed, it is strongly advisable that you arrange for a meeting with the Agent. One to one discussion will reveal a lot – about him to you and vice versa. This is rather a Personal Interview to select the right guy.
Keep a watch for the following during the discussion:
● Whether the Agent is updated in his knowledge about the latest market trends since this is necessary for investing only the right money
● Whether the commercial real estate agent appears to be trustworthy and will be loyal to you? By the way of talk and body language, you can easily surmise this.
Once the tests are over, place your trustfully on the Agent and follow his guidance earnestly.
Created on May 9th 2019 16:22. Viewed 122 times.
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