FACTORS NEED A BROKER AND A TEAM
Just as the example of how the agent I knew got the buyer approved with special help from a lending partner, these are connections that you need and will greatly benefit from if they are referrals from your broker. They will treat you better, and help you out in ways for their partner that they wouldn’t if you came to them alone. First, you need a lender to get approved for a loan. This can be a private lender or a bank. Then you are going to need early estimates on construction done by a company. You’ll need a real estate attorney to look over the papers and the final documents. Next you’ll need a certified inspector to pass the building inspection. Then, you’ll need your space built out or renovated, which requires construction and a team. Of course, you can get all of these professionals on your own. But you will save so much time using whoever your broker recommends, not to mention the special preference you may receive.
THEY CAN PUT TOGETHER A CREATIVE DEAL IF NEED BE
The story from chapter 1 illustrates this perfectly. The deal would have fallen through if the broker hadn’t agreed to raise the sale price by $10, 000 to buy 90 days for the buyer to get a loan. A broker has the ability to work out a plan that fits your company’s financial status by thinking outside the box if need be. There are ways they can structure it to limit your down payment if that is what your company needs. The broker can also work directly with a lender to create a loan specialized for your company. In the chapter 1 example, the loan
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