Are you in need of a property for your business? If so, you may be wondering if you should tackle this challenge on your own or with professional help. Even when you've had success in the past finding and buying your own home, things can be very different when it comes to tracking a commercial property down. Here are two reasons to use a real-estate agent.
You'll Save Time
When shopping for a home, there are many things that you are able to just assume about a house when looking for one. It's common for pictures to be posted online, and you know the house will have certain rooms, such as a kitchen, bathroom, bedroom, and living area. You can get a pretty good idea of what a home is like just by looking at a few pictures.
This is not the case with commercial properties, which can come in all shapes and sizes. This makes looking for a commercial property much more difficult; there are many variable what may not be captured in pictures. For example, does your businesses need a loading dock? It may not always be apparent whether there is one or whether the dock is the size that you need it to be.
Giving a real-estate agent a list of things you need can help them narrow down a selection for you. There is a possibility that they've been in many of the properties that you are interested in and can tell you whether they are even worth viewing.
You'll Save Money
Commercial properties do not always fit the trends of residential real estate at the time, and it can be difficult to tell if the market is a buyer's or seller's market. A real-estate agent can help you figure out how long a property has been for sale and gauge whether the property is new with a lot of interest or has been sitting on the market with sellers that are desperate to sell.
If the situation is the latter, you could end up getting a deal on your property by negotiating with a seller that just wants to unload the property from their previous failed business attempt and move on. You could end up saving money by getting the property below list price.
In addition, an agent can help look into potential problems with a property that can cost you money. This includes doing research on potential liens on the property, which you would be responsible for if you own it. They can work with getting these liens settled before the purchase takes place or help you avoid the property entirely.