Buying a Building for Your Business
Filed under: Corporate Real Estate
Owner occupied commercial real estate is a great way to maximize your monthly cash flow and increase your business assets, but it can be an overwhelming task to find the right real estate agent to help with the process. When you are making the investment to purchase a corporate building, you need to be sure that you are selective about your options to ensure that you find a building that will fit your needs for many years.
Residential vs. Commercial Real Estate Agent
Before you get started, you need to make sure that you are working with a real estate agent who has experience specifically in the commercial building industry. There are many agents that are familiar with the residential market, and they might offer to help you with your purchase. But, you will be doing yourself a disservice if you don’t choose a real estate agent who has previous experience with commercial real estate.
So, instead of hiring a friend or family member with residential real estate experience, it is better to choose someone who has been in the commercial real estate industry for a while.
Experience Matters
When it comes to real estate transactions, a broad range of experience can offer many benefits. An experienced real estate agent will know what to look for at every stage of the process, and they can help you avoid certain problems in the contract and closing paperwork. Do your homework and make sure that your agent is familiar with the commercial real estate industry.
If you are working with a novice real estate agent, then it is more likely that they will overlook seemingly small things that might lead to bigger issues in the future. Experience always matters, and you will have the peace of mind to know that you are in good hands by choosing a real estate agent in the commercial industry.
John Grant is the owner of Project Management Solutions, and his specialty is helping businesses move to corporate real estate ownership. There are many ways that you can benefit by purchasing your own commercial building, and John is available to answer your questions and help every step of the way. Contact him by calling: (951) 755-0615
