Why choose a buyer’s agent?
Buyer’s agents specialize in searching out, locating and negotiating the purchase of property on behalf of a buyer. Whereas real estate agents primarily represent the seller of the property, a buyers agent looks after you and will work with you transparently to achieve concessions and the best price whether it’s a lease or purchase transaction.
A buyers agent is not a de facto employee of the landlord and therefore no conflict of interest arises. A buyers agent has access to the entire property market and works through listing agents who are generally willing to share the commission. Therefore there are no brokerage fees for the buyer unless otherwise agreed.
A buyers agent can work on a retainer fee basis and will generally return all cash disbursements to the client when they have been compensated for their share of the commission.
Sometimes the buyer’s agent may have to deal directly with the landlord but this will be done on the basis of written disclosure setting out the terms of engagement.
Buying A Commercial Property.
The return on commercial and industrial property is variable and depends on location, operating costs and strength of leases. Paying upfront for a due diligence investigation of shortlisted properties is expensive and not justified. But one still needs access to the right information and advice and this can be achieved through collaboration with a buyer’s agent.
Whatever type of commercial property you are considering, it has to perform as an investment. It is important to remain objective and to seek experienced advice when purchasing commercial property as there is a unique set of pitfalls for the unwary as well as rewards for the savvy investor.
Factors that will directly affect the quality of the investment include; Location, access, the grade of the building, patent and latent defects, running costs, tenant caliber, lease structure, demographics, surrounding infrastructure, access, signage, traffic flow, parking, and Town-planning.
Our Commercial and Industrial Property Broking Service Includes :
- Finding a property that meets your investment criteria
- Technical due diligence review.
- Appraising the value of the property.
- Co-ordinating pre-purchase appointed specialist consultants report of legal and technical due diligence on the property.
- Negotiating for concessions and the lowest possible price.
- Managing the settlement process.