Should I rely on a real estate professional in my search for acquisition of commercial property?
A residential real estate transaction has unforeseen obstacles that can arise in a moment’s notice and create havoc for a buyer, especially if the buyer doesn’t have a business relationship with a licensed agent. This undoubtably will cost the purchaser time and perhaps even money.
The same is true for commercial real estate. Investors should rely on professionals who understand the nuances of the commercial market. They should look to acquire one who has a particular skill set, especially if you’re targeting specific commercial investments (i.e. businesses, leases, warehouse space, office space, multiple multi-family units, retail space, industrial, among others).
In this venue, real estate should have a plan of action, even as early on as the search, including goals to be achieved along the way. A skilled professional knows the property types available and recognizes his client’s needs. They have an understanding of each transactional risk. They know market trends, how to negotiate well and on behalf of the consumer, and have mastered the process of buying, selling and leasing.
Relying on the services of a REALTOR with these attributes is a smart play for anyone looking to invest in today’s commercial market.