Benefits of using an Exclusive Buyer/Tenant Representative:
… Save Money
… Save Time
… Avoid expensive Mistakes
Save Money —
The listing agent represents the seller or landlord and will always have the seller's or landlord’s best interests in mind; not having an exclusive Buyer/Tenant Representative will make it more likely that you will pay too much for your space or accept less advantageous terms.
A common misunderstanding, often perpetuated by listing brokers, is that you will get a better “deal” if there is only one broker involved. This is simply not the case. Real estate fees, along with other leasing/sale costs, are “built in” to the lease rates and purchase prices. If you do not have an exclusive Buyer/Tenant Representative, the listing (landlord’s/seller’s) agent will keep the entire fee; but if you have an exclusive Buyer/Tenant Representative that same fee is typically split. There is no additional cost to have an agent looking out for your interests.
Save Time —
How is your time most productively spent? Doing what you do as an expert? ... or learning the intricacies of the commercial real estate market and looking at and evaluating a lot of property that doesn’t fit your needs?
Landlords and sellers hire experts to advise them and assist them in marketing their properties. It gives them an unfair advantage. You need to do the same. You can overcome this unfair advantage by engaging the services of a qualified Buyer/Tenant Representative who has access to the data, the professional relationships, the tools, and most importantly the time to insure a successful outcome.
Avoid Mistakes —
Serious mistakes can arise in leasing or buying commercial property: paying too much, leasing or purchasing too much or too little space, being in a less-than-ideal location, not providing flexibility for future uncertainties, finding too late that the lease or purchase agreement contains some business terms that were not agreed to or omits some that were.
A Buyer/Tenant Representative working to protect your interests can help you avoid these pitfalls.
Often mistakes are ones of omission, not commission. The disciplined approach used by your Buyer/Tenant Representative will help minimize mistakes of omission.
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