When looking for property for your business, it’s essential to work with a commercial real estate agent. Commercial property transactions are considerably different than residential ones, and as such, you need to work with someone familiar with commercial real estate. Without the right expertise on your side, the transaction could take longer or be plagued by more challenges than you expect. With the help of an experienced agent, though, you’ll enjoy some distinct advantages.
Why Work With a Commercial Real Estate Agent?
1. Access to More Listings
When you’re searching for residential property, the majority of listings appear on multiple listing services and sites. Regardless of where you look, it’s relatively easy to compile a list of all available properties.
Commercial property listings, on the other hand, don’t always appear on all listing services—and may not be accessible to individuals or residential agents. By working with a commercial real estate agent, you’ll have access to a wider range of listings, and a better chance of finding the perfect property.
2. Greater Expertise
Commercial real estate agents have more knowledge and experience in the business aspects of real estate than their residential counterparts. For example, they can provide insight into the rate of return or gross rent multipliers of a specific property—information that a residential agent may not be able to provide.
Ultimately, commercial agents are experts in helping business owners maximize their property investments, and will pass that knowledge on to you. They can also help you understand zoning regulations, ensuring you get the right property for your needs.
Commercial real estate agents are typically well connected in their communities. This allows them to help their clients secure funding for property purchases and work with city departments to acquire the correct permits and accommodations. Your agent’s connections can streamline the purchase process and help to ensure it goes smoothly.
Buying commercial property is complex, but working with an experienced commercial real estate agent can simplify the process. For help with your next commercial property transaction, turn to the experts at Lawrence Realty Inc. in Red Wing, MN. With their in-depth understanding of the Minnesota real estate market and a focus on customer service, this family-owned business has been helped Minnesotans buy and sell property since 1948. You can learn more about their listings by visiting their website or giving their office a call at (651) 388-4745.