When it comes to buying or leasing a house, it is a no-brainer to use a real estate agent. However, when looking for a commercial listing, most tackle this alone. We have found 7 reasons why you need a commercial real estate broker. A commercial real estate broker possesses expertise and knowledge of the industry, saves you time and money, and provides a wide network of connections that you can readily access.
A broker knows the odds and ins of commercial real estate and they understand the needs of their client. Enlisting a commercial real estate broker when thinking about starting your search for commercial property will ensure you receive better results.
Read about 7 reasons why you should hire a commercial real estate broker below-
Market specialization
A commercial real estate broker’s job is to know everything there is to know about the industry. They will know about all the commercial listings in an area that fit your business needs, have a good understanding of the market trends, have hands-on experience with regulations and legal terms, and may be able to provide real estate development services as well. Commercial real estate is exceedingly different than residential real estate, and unless you are familiar with the market, it will be difficult to locate the right property.
Time-saving
A commercial real estate broker will do all the work to find a property that meets your requirements saving you time to focus on other important tasks. They have the ability to meet specific needs and do all of the work at the forefront so that your only job is to tag along and give feedback.
Personalized Service
A broker will get to know you and your business. By understanding what you are looking for, they can better find the path to take when searching for the perfect commercial real estate listing for your needs.
Better negotiating power
When it comes to commercial real estate, the negotiating process is different than residential. There are many factors to consider such as zoning regulations and building code restrictions. With years of experience, a commercial real estate broker will be able to navigate these conversations and get you the best deal possible with the most favorable terms.
Access to commercial listings
A broker has access to commercial listings that are not publicly available. Multiple Listing Services (MLS) are databases commercial brokers have access to that includes all the available properties on the market. Commercial real estate brokers also have the ability to see the history of a property. This is a huge differentiator between the level of access a client would have searching and buying/leasing on their own.
Cost-effective
A broker will save you both time and money by doing all the work for you. With their industry knowledge and connections, they will be able to get you the best deal on a commercial property. They know the terms they can and cannot negotiate on, and how to spot hidden fees that otherwise would not be brought to the surface until the deal was closed. Businesses rarely have to pay out-of-pocket for their share of the commission, so using their service is saving exponentially in the long run.
The right connections
A broker has a wide network of connections in the industry which can be used to your advantage. They can put you in touch with the right people, whether it be an inspector or a contractor. They can also identify unlisted property opportunities to show you.
The bottom line is that finding the perfect commercial real estate listing takes time, effort, and knowledge of the market. Hiring a commercial broker is the first step in ensuring success when searching for the perfect commercial real estate property. Do not go at it alone, use a Belvoir commercial real estate broker and increase your chances of finding the best property for your business.
The Belvoir team brings a combined total of over 250 years of experience in commercial real estate to the table. If you’re looking for a commercial real estate broker in Houston, Texas, we are your one-stop shop for all your commercial real estate needs. Contact our team today!
