There are those that automatically know the benefit of working with a commercial Broker, and there are those that need a little convincing. No matter what your commercial real estate need or goal – as an owner, a seller, a tenant or an investor – having a professional expert on your side always guarantees an optimal outcome.
From the very beginning of a search to signing on the dotted line, when you use a commercial Broker you are setting yourself up for success now and throughout the life of your investment. With so many variables that can pop-up during a transaction, ensure that your interests are covered. Here are the three reasons why you should always hire a commercial real estate broker to handle your CRE needs.
You want complete access to area listings
Before you can even worry about a contract or lease, you first need to find the commercial property that meets your business needs or investment goals. You can do like everyone else and go online, sure, but know that will only gain you access to about 50% of the listings in your market.
Most users search LoopNet or CoStar for properties, but when they do they are using the free platform and this runs into two issues. One is that many of those listings are already leased or sold, and two the information is often old and not updated making it obsolete.
To truly gain access to every listing in your search market you must use paid, subscription based platforms. This is what a commercial Broker will provide to you. They pay for premium access to LoopNet, CoStar, and the commercial MLS (multiple listing service). In addition, due to their industry relationships with area Brokers and developers, they often know of available commercial properties before they even go on market.
You want to negotiate the best deal possible
If you need a cavity filled you wouldn’t try to do it yourself, right? Then why would you attempt to negotiate a legally binding real estate contract if you weren’t an expert in the real estate or legal field?
Negotiation is what a commercial Broker does. They are experts in the buying, selling and leasing of commercial real estate and as such have the knowledge and experience to define optimal transactional outcomes. They know what to look out for, they know the clauses, the provisions, the terms…and most importantly they are there to act in the best interest of their client.
We have seen many a good person get caught up in a bad commercial deal because they simply didn’t know what to look out for. Don’t let that happen to you. Yes, the money savings realized by a trained commercial Broker executing your deal are exponential, but the peace of mind you attain is priceless.
Don’t get caught in a bad deal, from hidden rent escalators to paying over market value, always use a commercial Broker.
You want insider connections
A commercial Broker assists during search, negotiation and transaction competition…but their influence extends far beyond that. Due to their industry relationships working with financing institutions, developers and government entities such as planning and zoning boards, a commercial Broker benefits their clients throughout the entire life cycle of their commercial property.
From information on ideal lending options to investment opportunities not yet on market to helping a property through rezoning, a commercial Broker is crucial to investment success. No matter the asset type or location, whether across the street or across the pond, when you hire a commercial Broker you have a soldier on the ground to fight for your bottom-line.
Are you ready to hire a commercial broker?
If you are in the market to buy or lease commercial real estate in Charlotte, NC then give the dedicated team at Percival Partners the opportunity to show you the benefit of working with a professional. We have specialists covering every type of commercial sector and with over 50 years in the local Charlotte market we have industry relationships that no other firm can hold a candle to. If you are ready to get started, or simply have questions about what to do next, give us a call at 704.632.1000.