The following are 9 reasons why you can financially benefit by retaining an experienced broker as your agent. A broker with many years of experience can help you objectively evaluate all the alternatives without potentially self-serving points of view. A broker's market knowledge is a critical factor in assuring you will be submitted all the available properties for your consideration. Maximize your broker's knowledge base by having them focus on you.
Accountability
Your own broker is directly accountable to you. You will not receive as much responsiveness, dedication and accountability with a non-exclusive broker.
Added Value at No Cost
Think of the real estate broker as your very own real estate department without paying for it. The owner of the property typically compensates the real estate broker. Most owners already have included a real estate fee in their leasing plan for the property.
Broker Selection
Using an exclusive broker allows you to select and retain the best professional available. Consider interviewing at least three (3) brokers prior to the relocation project. Your broker of choice may not be the broker that has been currently calling on you. Retain the real estate professional with the best track record in the area, regardless whether or not they're the first in the door.
Indicates a Serious Prospect
Hiring an your own agent will indicate to the owner's and brokerage community that you are a serious prospect. This may place you at the head of the pack if you find yourself competing for a property.
Negotiating Experience
The experience of a broker in negotiating a lease or purchase will result in obtaining better terms and conditions for you. The broker's "deal making experience" is vital to you achieving your economic goals.
Efficiency/ Minimizes Legal Entanglements
An exclusive broker provides you with a single point of contact. Without an exclusive broker you are faced with wasting your valuable time screening a multitude of brokers, ownership calls and or proposals.
Extensive Industry Contacts
An experienced broker will have extensive contacts with the owners of properties, vendors/contractors, and the brokerage community. These long term contacts in the industry will save you time and money.
Lease Ownership Analysis
A knowledgeable broker has the financial analysis tools and access to information which will help you evaluate the best real estate solution for your company.
Selection and Coordination of Space and Design Firms.
An exclusive broker can assist you in the selection and coordination of space planning and design firms.
use of your own agent ill maximize the leverage you will need to strategically plan and relocate your facility at the best economic terms and conditions possible. Your relocation will be fully documented and best of all, most of the time the property owner pays the commission. An experienced exclusive broker with a "deep bench of contacts" on your team could potentially save your company well above a hundred thousand dollars ( $100,000) against the bottom line. TRY USING AN EXCLUSIVE BROKER ON YOUR NEXT LEASE OR PURCHASE.
For more information on this article, Please Contact:
Dan Weil
(310) 792-9400
dan@weilcommercial.com
Market Knowledge
Since 1981 Dan Weil worked as an industrial real estate broker in the greater Los Angeles area at 2 major commercial real estate firms and in 2002 started his own firm Weil Commercial Properties, Inc. Dan offers 27 years of experience with many long term client relationships. For assistance with your commercial industrial need, please contact Dan at 310 792-9400 or visit the web site at: http://www.weilcommercial.com/resources.html
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