Who are the commercial property buyers agent and how can they assist when you are buying your property? The buyers’ agents are also called buyer’s advocates. These are professionals who are licensed and specialize in carrying out searches, evaluation as well as negotiating property purchases on behalf of the buyer. They don’t sell property or real estate. In fact, they are the direct opposite of the real estate agents who specialize in the sales of the property.
Services Offered by a Commercial Property Buyers Agent
The property agents offer buyers two main services. These include the following:
- They can offer a full-fledged service where they search for property that will meet the criteria of the buyer and then negotiate the purchase price of the property that the buyer prefers. They can do this through an auction or a private sale. The buyer’s agents generally shop for specific property or they can help a buyer in acquiring an entire portfolio.
- There are certain cases where the buyer will engage the services of the buyer’s agent simply to bid for them during the property auctions that the buyers have found by themselves.
How much will the service cost?
This varies from one buyer’s agent to another. There are commercial property buyers agents that will charge you an engagement fee before they start searching for a suitable property for you. If you are contracting a buyers agent for a full service, then you may a flat fee or a percentage of the purchase price of the property. Using the buyer’s agents for property bids generally attracts a much lower fee compared to the full service, for example. It is also important to keep in mind that the cost of using a commercial buyer’s agent is tax-deductible.
Why Should You Use the Commercial Property Buyers Agent?
There are plenty of reasons why many home buyers use the services of these agents. These include the following:
Get Easy and Wide Access: Thanks to their knowledge of the marketplace, based on the buyer’s agent that you contract, the agents can give you a very wide access to various properties some of which you never even knew existed. It is important to note that not all the properties for sale will be advertised. Some of them are simply insider knowledge. The agents make use of their inside knowledge and connect you to some of the best opportunities to purchase property. You will always be able to do that ahead of others who do not have privileged market information.
Save time: By a hiring professional to seek a suitable property for purchase for you, you will be able to save lots of time and stress that could have been spent on property hunting, short listing and picking a suitable property for purchase. As a result, you will free up your weekends to focus only on those properties that you are most likely to purchase. There are plenty of tools available which you can use to search for your property but it will take a lot of valuable time off your hands. Better entrust that to someone who specializes in taking their time to carry out the property searches.