You need to look for a person that has experience working with both businesses small and large. In order to find a commercial real estate broker, you need to measure success over a number of years. They need to show a real estate track record in commercial real estate having served both landlords as well as tenants.
They should have experience understanding and drafting contracts. A good commercial real estate broker knows the main points and can help structure the agreement for you. They have relationships with landlords in the area and are known to almost everyone. Successful commercial real estate brokers have completed a number of different transactions, giving them a breadth of experience.
The real estate person that you select must be very familiar with the general area that you are interested in. The portfolio should reflect the expertise that they bring to the table.
Focus on fairness
If one side in a commercial real estate transaction believes that they didn’t get a good deal, it’s going to sour the relationship between the tenant and the landlord.
Transactions have to be fair to both parties. Do your research and check references. Make sure that you’re not just looking for the real estate broker that has the best reviews on some online board. Anybody can pay for reviews. Not everyone has completed transactions in the hundreds of thousands or millions of dollars.
Therefore, in order to find a commercial real estate broker in your area, make sure that you perform due diligence and listen to what other people have to say. Since you need to be confident that you have done everything you can to find the right broker, don’t take shortcuts.
Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.