There are several ways to add value to your commercial real estate business. Financial modeling is one way too add value and is a mathematical process. It is used to show the financial performance of a business or investment. In commercial real estate, financial modeling can add some serious value to your brokerage or business. But, where should you start? Our friends at Real Estate Financial Modeling, or REFM, recently published a blog post on this very topic. Check out the excerpt from the article below, then click the green button at the bottom of the page to view the full article. Be sure to leave your thoughts in the comment section!
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Whether you’re a real estate broker running a team of commercial agents or a one-man show looking to gain market share in your niche neighborhood, if you’re looking for a way to edge ahead of the competition, turning your focus to your systems and practices is a sure way to find areas of improvement.
At REFM, we often come in contact with commercial real estate agents and brokers who want to improve their financial modeling, and this can be a great way to really stand out in a sea of real estate professionals.
Here are just a few of the ways that better financial modeling can add value to your CRE business:
#1. Helps You Gain Confidence
As a real estate professional, when you have confidence in the information you’re providing to your clients, you’re able to better answer questions, overcome objections and move towards the closing table. And, when your reports have a professional look and feel, you influence the way clients perceive you as a professional in your industry. These things combined can boost your confidence to win more business…