When working with commercial real estate such as INCO commercial, there are a few decisions you may have to make about running your business. One of these decisions may be whether or not you want to work with a commercial real estate broker. There are some benefits to working with someone, as well as some drawbacks. Here is some more information to help you make a decision.
The first step is to understand why some people may want to use a broker to help them find commercial properties and seal the deals. It could save you money, even though you are paying someone to help you. This Is because as a business you most likely won’t be paying out-of-pocket for the service, as there is usually a split commission for the agents. You may also save money by having a broker help you pick out which properties to buy and which will end up being a headache, thus saving the money you would have spent fixing a place up. There are also some drawbacks to using a commercial real estate broker. For example, if you are working with a listing agent you may only be shown a small handful of properties. This could limit the amount of potential good deals you are shown, and you could miss out on something that would have been a steal. To negate this potential, you should be sure that you are looking at properties on your own, as well, as asking your agent about what you found before making a decision. There are a lot of reasons for and against using a commercial real estate broker if you are an investor or flipper. Where some are worried that it could eat into profits, others see the potential that a broker has to save them money and hassle on a bad deal. Consider weighing your choices before proceeding.
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AuthorHello, my name is Roger Dennison and I'm a successful commercial real estate broker, with more than 20 years in the field. Archives
January 2023
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