Buying a property is one of the best investments a business can make. Although, finding your way through the real estate market can be daunting. Not only do you need to find the right property in the right location, you also need to find a property at the right price. Is it worth it to go it alone, or should you work with a commercial real estate consultant?
Do You Know a Good Deal When You See One?
Finding an affordable property can be accomplished in many ways, but you also need to remember no one is going to give the property away or sell it for less than it’s worth. If you are considering buying property directly from the owner, or a FSBO property – you may want to think again. Contacting a real estate consultant from Menlo Group Commercial Real Estate could help you bypass some of the pitfalls that can occur when buying directly from the owner.
Are You Up On Real Estate Law?
Why else should you consider working with a real estate consultant? Unless you are an expert on real estate contracts, you could get yourself in big trouble. When purchasing business property there are many legalities that need to be considered. Although it may seem like a great idea to buy property without having to pay a real estate agent, you could end up with a property you don’t want or that is in a bad state of repair, among other things. Working with a real estate consultant can help you determine how much you should pay, what types of inspections you need, and who will be responsible for specific costs and fees. You may have found the perfect building in a great neighborhood, but if it won’t meet the needs of your business, it may not be a good buy. Our agents at Menlo can answer your questions and help you make an informed decision.
Can You Negotiate Your Deal On Your Own?
Another way a real estate consultant can help is with negotiations or serving as a neutral party when disagreements occur. If you try to buy directly from the owner, it may be easy to let emotions get the best of you and you could end up making a bad deal. A real estate consultant from the Menlo Group can work with both parties to find a solution so everyone wins. For more information, contact us today.