When you’re looking to make a move with your business or acquire more commercial property, you’ll want to work with a commercial real estate broker to streamline and have an advocate in the process. In this blog, we’ll dive into the value that a broker can bring to your purchase or sale of a commercial property.
Commercial real estate brokers are licensed real estate professionals who are hired to represent you and your business. Having representation is beneficial no matter where you are in your commercial property search or sale. As your representative, your broker will handle the buying, or selling, the process from start to finish, and will most importantly handle all the contracts and negotiations for you.
Working with a broker is an invaluable investment. Continue reading below to see the four reasons why:
1.) Brokers have the extensive market knowledge
It’s the job of the broker to know the current housing market trends and to have specialized knowledge of the area you are searching in, and the type of property you are looking for. Brokers will use this knowledge to best serve you and will use this to get you the best price possible on your property. They’ll be able to decipher a good deal from a bad one and you’ll feel comfortable in your buying, or selling process, knowing that you have a trusted, knowledgeable, ally on your side.
2.) Brokers have many contacts
When you work with a broker who has years of experience, you’ll also gain access to their long list of contacts. Over the years, your broker has networked constantly and will have countless leads to listings. Your broker can use these connections to get ahead of other buyers so they can get you the perfect property for your business.
3.) Working with a broker will save you time
Embarking on a property search, or property sale is a time-consuming process. The time it takes to list a property, sift through listings or inquiries, schedule calls, and appointments, and negotiate deals is all time you can spend elsewhere. Your time is valuable and that’s where a broker can help. They’ll handle all this work for you so you can spend your time focusing on the growth of your business.
4.) Hiring a broker can save you money
When you think about hiring a broker, you probably think that it will cost you money, not save you money. Saving is possible with a broker that is skilled in negotiations and is familiar with the current market. It’s a broker’s job to seek out any hidden fees or troublesome costs which you may have missed without a broker’s help. While brokers still charge fees or commissions, often these are split between the landlord and tenant, so it won’t all fall on you.
Trust the Experts
As the Fredericksburg region’s largest commercial real estate company, Coldwell Banker Commercial Elite is the premier commercial real estate market leader. Coldwell Banker Commercial Elite was awarded the #1 Coldwell Banker Commercial Affiliate Office in Virginia for the past 9 years (2013-2021)! The Coldwell Banker Commercial Elite Team is as dedicated to your success as you are.
Our company provides in-depth commercial real estate solutions and services including landlord and tenant representation, buyer and seller representation, property management, investment acquisition, and disposition services and development consulting. Our primary focus area consists of the greater Fredericksburg region (Stafford, Spotsylvania, King George, Caroline, City of Fredericksburg), while also servicing the Washington, D.C. Metro area and all of Virginia.
Coldwell Banker Commercial Elite specializes in all commercial property types including office, medical, industrial, retail, hospitality, investments, multifamily, and undeveloped land. We are experts in all phases of commercial real estate transactions including sales/leasing, net leased assets, market research analysis, tenant advisory services, and financial analysis. In addition, our residential land expertise includes small and large lot neighborhoods, planned and mixed-use communities and all aspects of the development process.