The purchase of a commercial property by an individual (for investment purposes) or business (for either investment or business operation purposes) can be filled with the potential for missing key information that can be very costly to the buyer. Purchasers of commercial real estate are typically considered to be sophisticated parties, and whatever consumer protection laws may exist in a state for the protection of residential home purchasers seldom apply, if ever, to a commercial real estate purchaser. The adage of “buyer beware” particularly applies to commercial real estate purchases and warrants careful application of due diligence procedures and checklists.
That is why hiring a qualified commercial real estate professional can help you fill in some of the gaps. There is only upside to having a professional protect your interests in buying your next commercial property. However, don’t make the mistake that many business owners make. Don’t work with several various brokers to find your building. It's important to find one local agent that really understands your goals, business, interests, as well as the local market.
Below are 6 reasons why you need to seek a commercial agent to help you find the best property for you.
Below are 6 reasons why you need to seek a commercial agent to help you find the best property for you.
Full Coverage of Opportunities in DeLand
A commercial real estate agent has loads of information that you don’t have, and one of their primary jobs is to source every property that could potentially fulfill your needs. Trying to do this yourself would result in a bunch of missed opportunities and tons of wasted time.
Needs Analysis
A commercial real estate agent can help you understand your needs more completely. As mentioned before an understanding of whether buying is right for you is key and a comprehensive cost comparison of leasing vs buying is a must.
Surveying DeLand Properties and Tour Scheduling
Locating all the alternatives, helping to narrow them down to the real candidates, and then setting an efficient tour for all of the properties is easy for a commercial agent, but would take you way too long on your own.
Protecting you from Buying Errors
Most DIY buyers focus strictly on price. However, there are many hidden costs and issues in any transaction that can far outweigh the purchase price. A commercial agent can point out the hidden costs to you and can reduce or eliminate any nasty surprises that often arise during the buying process.
Transaction Management
A good commercial real estate expert will efficiently orchestrate your transaction so that you don’t have to worry about missing the myriad little issues that can and often will arise. They will lead you step-by-step through the process and will coordinate with the various parties involved to ensure a smooth transaction.
Your Expert for Life
The best commercial realtors are in the business for the long haul. They want to see your business succeed and grow so they can work with you again and again. They can even become part of your business mastermind group that gives you insight and feedback in their area of specialty to help you achieve your business goals.
For more information on commercial properties in the DeLand area, connect with our commercial real estate department today. Their years of business experience will help you find what you are looking for and what you need.
For more information on commercial properties in the DeLand area, connect with our commercial real estate department today. Their years of business experience will help you find what you are looking for and what you need.