7 Strategies of Commercial Realty Companies Thursday, February 20, 2014
Shhhh. What’s that you hear? It’s the whispering lullaby of commercial realty companies looking to keep quiet about their best strategies. Now, you can learn what keeps the commercial properties selling at all hours of the day, and what you need to understand to stay afloat.
The Best Strategies of Commercial Realty Companies Unveiled:
- The Commercial Realty Company is a Business There to Represent You
When you’re working so closely with one commercial realty company, day after day, to score a deal on a building or to sell your property, it’s easy to feel as though you’re forming an amicable union. Remember, however, that the real estate company you’re working with is a business looking to make a profit, after all. In the end, though, having a professional representative only benefits you. Make sure the CRE realty you hire aligns with your professionalism and goals.
- Flexible Rate Possibilities
Buying Columbus real estate, or even just moving, is a pricey endeavor; you likely don’t want to unfurl many more bills from your wallet. Know that even if a realty company’s prices are presented as permanent and fixed, working out a deal that is to your financial benefit is generally a possibility.
- Focus on Location
Even though a commercial realty is located in one region doesn’t necessarily mean that they don’t service other regions. For example, realty companies in Columbus, Ohio typically buy and sell properties throughout Central Ohio. Of course, you want to make sure that the location of your new commercial property is in an area convenient to your customer and employees; and it’s important that you choose an area that has the demographics that your business appeals to most. However, also think long-term… a spot that is generally desireable to most will make your life easier (and your wallet fatter) if you ever want to sell your property.
- Financial Preparation
Diving headfirst into the sea of possibilities isn’t the best idea when you want a functional and cohesive real estate experience. Pre-approval from a bank or other lender, as well as an inquiry into your credit scores, will put you in better shape to make a purchase.
- Sellers Are There to Make a Sale
While keeping in mind that commercial realty companies are profitable businesses, you must set realistic expectations of the commercial realty representing the seller. That commercial realtor’s main goal is to make the best sale for their client — the current owner, not necessarily to acquiesce with your pricing needs.
- Understanding Your Personal Obligations
Remember, commercial realty companies are there for one major component of the process: the buying and selling of the property. If you are planning to seek permits to install a new bathroom, for example, you cannot expect the real estate company to do all the legwork for you in that aspect, too.
- Unclear Advertisements
Just as with any advertisements, the goal of any ads placed by commercial realty companies is to make a sale. While these announcements may not be intentionally misleading, they can use flowery language and market jargon to obscure the full picture. Always ask the tough questions so that you know exactly what you’re getting into.
Top Commercial Real Estate Company Since 1938
The Robert Weiler Company is not only an expert in the commercial real estate industry; we’re a leader in Central Ohio. If you’re ready to start paving the way to your next commercial property, and researching commercial realty companies, call us at 614-221-4286 to speak with a commercial broker today.