Deciding to purchase an investment property is exciting! As you consider how it will impact your future, the next step is to choose a local real estate broker who specializes in commercial/industrial properties specifically in the marketplace you want to invest.
What Does a Local Real Estate Broker Do?
A real estate broker is knowledgeable about the real estate market, but more so with negotiating real estate transactions. Brokers understand the local laws around environmental regulations and other specific laws in the community.
A local real estate broker often handles responsibilities for sellers. This includes listing properties, preparing the property for marketing/tours, and coordinating the process and transaction details when a buyer is ready to purchase. For a buyer, a broker will help find desirable properties that meet their specifications, create a purchase agreement and offer and create all the documents and contracts required in the negotiation and closing process.
Real Estate Brokers with Agents, Team approach
Real Estate agents also have a vast knowledge of properties, especially properties within a specific area. When considering purchasing an investment property, especially one that is of a specific type use, needs remodeling, or in a competitive area, it’s important to use the real estate brokers knowledge and experience. Investopia.com explains brokers often have agents on their team, so you are hiring all the people needed for your team when you choose the right broker.
How to Choose the Right Real Estate Broker
Here are a few things to consider when hiring a real estate broker after deciding it’s the right time to buy an investment property:
- Experience with the type of property you are considering
- Who is on their team?
- Have friends or others within your business connections used a real estate broker?
- What do reviews online state about previous clients?
- How well do they know the area?
- Will you work with the broker directly?
At Ullian Realty our team has over 50 years of combined real estate experience in the Brevard, FL area. Contact us today to learn how we can help you find the right commercial property for your goals.