Buying A Broker

What is the first thing you do after you've made the decision to buy or lease a commercial property?

Do you -

A. Search an online database?
B. Drive your target market?
C. Call property owners matching your criteria?
D. Contact every commercial broker in your search region?
E. All of the above.

Now think about this. Commercial real estate brokers can represent buyers, tenants OR sellers. Many people have the misconception that brokers only "sell" property. "Selling" property is only one aspect of several services offered by commercial brokers. Other services include tenant representation, investment consulting, buyer representation and, of course, marketing commercial properties "for sale".

How much will a broker cost me? For most transactions, the seller pays a "brokerage fee" or "commission". This rate varies tremendously with property type, region and "listing" company. If a person decides to buy or lease a property without representation the seller will usually still pay out the same amount of commissions. In this scenario, the buyer can be at a disadvantage for two reasons, (1) researching and locating the "right" property and (2) no industry expert representing his or her interests.

Now, back to your property search. When you solicit the services of a commercial broker you are getting an expert who will (or should) perform "all of the above". But there's more. A commercial broker brings to your search a key component called "market knowledge". Use this resource to your advantage when considering your next commercial site.

Need a broker in your State? Let me help you locate a top-notch broker in your area. Click here to contact me via email. Please include the type of assignment (buying/selling/leasing), type of property (investment, industrial, office, retail, etc.) and be sure to include your target market or region.