How can working with a commercial real estate broker add value to this process?
First off, you have to find a broker that has financial modeling expertise and a thorough understanding of current market trends. It also helps if your broker has knowledge of the acquisition process and can connect you with certain perks like off-market deals, third-party groups to assist with the inspections, legal counsel referrals, financial contacts, etc. Furthermore, contract negotiations are a sticking point in many deals. Getting to the finish line requires a strong and balanced legal mind paired with a broker who can communicate the deal points to both parties and keep the groups focused on getting the transaction closed. A knowledgeable broker adds tremendous value. There’s a lot of chaos in the real estate market right now. A savvy broker can help you navigate these turbulent waters. By thoroughly inspecting and researching all the properties in your area, you’ll have a realistic idea of exactly what you’re getting into. Having an advocate that has been through this process
