Although their duties and services may occasionally overlap, real estate consultants and agents occupy two distinct disciplines, each focused on providing a different array of services to those entering the market. Whether you need a traditional real estate consultant or an experienced agent depends on your objective—do you intend to purchase or sell an existing property, or invest in new construction? Use the following information to make an informed decision.
Real Estate Consultants
Many developers, investment managers, and other organizations interested in new construction projects require the services of a real estate consultant. This professional can provide the market research, data, and expertise new construction depends on.
For instance, commercial builders may require market studies to determine the financial viability of a proposed development, while others might require assistance finding real estate investment opportunities. An investment group considering purchasing and converting a hotel into condominiums may consult with a specialist to determine the project’s profitability and potential for long-term growth. Many real estate consultants specialize in one aspect of the market, providing concentrated insight to clients in a specific industry.
Real Estate Agents
Unlike consultants, real estate agents typically work for individuals or companies looking to buy or sell real estate. Drawing upon their network of contacts and in-depth understanding of the local market, these professionals provide a variety of services. Some of these include helping sellers market properties and determine their listing prices, as well as assisting buyers in finding properties that suit their needs. During negotiations, real estate agents provide invaluable insight and work to ensure your interests are protected.
Whether you're looking to purchase a commercial property or need an experienced real estate consultant to offer advice on a major project, New York City's The Tocco Group offers a broad range of specialized services and a long-standing reputation for excellence. Visit their website to learn more about how they can help, or call (212) 544-2995 to discuss your project today.