August 16, 2018

4 Things to Ask Before Choosing a Commercial Real Estate Broker

Choosing a commercial real estate broker to work with is a turning point for your entire business. If you make the right decision, you are setting yourself up to find the perfect office space real estate or commercial property for sale. On the other hand, if you end up working with a broker who doesn’t know the ins and outs of the commercial real estate market, you could be costing yourself a lot of money.

The Rakow Group is a premier commercial real estate brokerage firm that can help you locate commercial property for rent, industrial space for rent, or commercial property for sale. It truly helps to have a trustworthy and knowledgeable broker to help you navigate the commercial real estate market. Below, you will find 4 things you should ask before choosing a commercial real estate broker.

1. Do You Like the Commercial Real Estate Broker?

Working with a commercial real estate broker requires you to communicate your goals and desires clearly so that you achieve your desired outcome. Commercial real estate is all about relationships. If you actually like the broker you are working with, you will be much more inclined to achieve success.

2. Are They Technically Competent?

You want to work with a commercial real estate broker that you can have a great relationship with, but it’s also very important to ensure that a broker is technically competent prior to deciding to work with them. Make sure they are well-versed in how real estate contracts work, the areas with the best investment opportunities, and what negotiating tactics they will use to get you the best deal on commercial property for sale.

3. Does the Broker Specialize in What You Are Looking for?

There are so many different types of commercial real estate, it’s a great idea to find a broker that specializes in the particular type you are looking for. If you want to find industrial space for rent, find a broker who has particular experience in leasing industrial property. Office space real estate brokers have a different background than brokers who seek out commercial property for sale.

4. Will the Broker Be Loyal?

This is another vital question to ask prior to choosing a commercial real estate broker to work with. You want someone who will not put themselves above their clients. Someone who really is looking out for your best interests. Someone like the great brokers at the Rakow Group.