again. You may be looking for a new office to expand your staff. You may want to get out of the reach of a poor landlord and be your own landlord. It is a long process. You need to start the search around 12 to 15 months before moving out of your old space. And you should negotiate and sign the purchase agreement four to six months out from your potential move. If you start this early, finding multiple realistic options will ensure that you will have some negotiation leverage. If you are short on time and in a rush, you’ve boxed yourself into a corner. I see companies and business owners lose out in negotiations because they are often out of options and time. This is something you can avoid if your process is properly planned out. This book contains four parts. Each represents steps in the commercial real estate buying processes: The Basics, Your Property Search, Negotiating Your Deal, and The Building is Yours. One of the biggest factors in your search is which broker you choose. They should bring a network of partners you can use in different areas that need a professional. That will also help free up time for the person in charge, whether it’s an employee or the owner. It is extremely tough to keep up the day-to-day aspects of your job and conduct a full-time property search and purchase. Part 1 discusses different things you should know about the industry before you start your search. There are plenty of reasons you need a broker, some that you may not realize. You can’t use a residential realtor either, because they aren’t trained in the language of commercial contracts. The chapter, “How to Finance Your Purchase,” is one of the most important parts of this book. There are several different types of
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