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If you are looking to purchase a commercial building for a business you own, or you are looking to buy commercial property as an investment and rent it out, you may be on the hunt for the perfect property. Many people looking to purchase commercial real estate wonder if they need an agent to assist them, and what the agent can do for them. Here are three ways that a real estate agent can help you when you are looking to purchase commercial land or properties.
Finding Properties That Meet Your Criteria
One of the ways that a real estate agent can help you when you are looking to purchase commercial real estate is helping you to find properties or buildings that meet your needs. Everyone purchasing commercial property has different needs, including the location of the building, the size of the building, and what type of layout the building has. Someone looking for office space is not going to want a large warehouse. A great agent can scour listings, showing you listing that meet your needs and your search criteria.
Checking the Zoning on the Property You Are Considering Buying
Another way that a real estate agent can help you when you are looking to buy a commercial building is by checking and verifying the zoning of the land or building. Not every building is zoned for every type of commercial activity. You need to ensure the land you are buying is zoned for the type of business you plan on placing in the building. If it is not zoned, you may have to go through a lengthy and expensive process of getting the land re-zoned. Unfortunately though, not all land can be re-zoned, so it is typically best to find property that is already zoned for your needs.
Negotiating the Price of the Property
The final way that a commercial real estate agent can help you with a commercial transaction is by helping you to determine what market value is on a property and work to negotiate the price. When it comes to commercial buildings, it can be harder to find comps compared to residential buildings. A great commercial agent watches the market and can help you to understand what a fair price is and why, helping you avoid overpaying for real estate.
Buying commercial real estate is different than buying a residential property. As such, you will want to find a real estate agent who has experience with commercial properties when you are looking to purchase a commercial building. A great real estate agent can help you to find properties that meet your criteria, ensure the property is zoned for the type of business you have and negotiate the price of the property, ensuring you get a great deal. Contact a real estate agent who focuses on commercial transactions today to begin the process of buying your commercial property.
