Commercial Real Estate Book - Buying Book Preview

buying property. They’ll make sure your search stays in your price range. You don’t want to fall in love with a building that you later find out is beyond your budget.

THEY WILL SAVE YOU TIME, AND THEREFORE, MONEY

As I said before, this entire ordeal can feel like a full-time job for whoever is in charge of it. The effort and time a broker can save you is crucial and it only increases as your search and deal come closer to an end. Organizing inspections, negotiations, paperwork, and due diligence all take time. The broker has experience and can search for properties and get through each stage much more efficiently than someone with no experience. The person in charge can focus on their day-to-day responsibilities for the most part, while the broker works on their behalf.

YOU NEED THEIR HELP IN NEGOTIATIONS

Chances are, you will be negotiating against a listing agent. That’s going to put you at a disadvantage unless you have experience in property negotiations. A broker on your side is obligated to negotiate in your best interest. You want someone who does this for a living to help here. Your broker will also provide a buffer between you and the other side. Negotiations can get testy and stressful, and they can help ease that. Negotiations can also be very complex. Too complex at times for the untested to succeed. A good agent will go through and interpret any legal documents to look for clauses you may not know or may have missed. Sometimes, those clauses can be harmful to the buyer.

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