Real Estate Guide

Tips to Consider When Looking for a Commercial Real Estate Broker

 

When it's time to sell your commercial space or look for new space to purchase or lease for your business, it's imperative that you find the right representation to protect your interests. Commercial brokers can make this stressful transition period a smooth one. One of the most important steps in the process will be selecting a broker with experience and skill. Here are some characteristics of a stellar commercial broker:

 

Integrity

When buying, selling or leasing industrial or commercial space, you need a brokerage partner you can trust. Unfortunately, you can't get a feel for whether a person exhibits the highest levels of integrity by throwing a dart at the phone book. You'll need to ask around. You can start by talking to local or state economic development organizations. These organizations work as liaisons between municipalities and other governing bodies and the private sector. This often means maintaining a database of existing vacant business space as well as open land that is development ready.

 

Because this is a partnership, these organizations maintain relationships with a wide variety of commercial brokers. An economic development organization's staff should be able to offer recommendations, and they also often host regular networking opportunities where you can meet brokers and their clients. Sometimes, local Chambers of Commerce offer similar opportunities or take the place of an economic development organization. This is a great place to begin your initial search and to seek recommendations for brokers known for their integrity. Once you have a few recommendations in hand, you'll want to ask the person making the recommendation about the broker's reputation for honesty, thoroughness and accessibility. Know more about real estate in http://money.cnn.com/real_estate/continued.html.

 

Experience

When you interview potential brokerage partners, you'll want to ensure they have the right experience to meet your needs. You'll want to ask how long he or she has worked as a commercial broker and whether they have experience with transactions similar to yours. You should also note the size of the real estate brokerage. A larger brokerage at www.ameliaislandrealestate.net may offer the experience and expertise of several agents whereas a smaller firm may be able to allot ample time to your specific case and needs.  Ideally, you want an agent who works exclusively in commercial real estate and specifically on deals like the one you hope to ink.

 

You need to research well to find a good broker at this website. Follow the tips above to find a commercial real estate broker.


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