How to Find the Right Agent for Your Commercial Investment

When it comes to commercial property investing, finding the right agent can make all the difference. A great agent knows all about the local area, the current status of the rental market, and the legal factors that could affect certain properties.

Clearly, choosing the right agent can make a big difference in your success as a commercial property owner in Sydney. But how do you go about finding the right agent?

Meet with Agents

Don’t jump into a business relationship with an agent before getting to know him or her. You don’t need to know about agents’ hobbies and favourite restaurants, but you do need to know about their real estate knowledge, their experience, and whether or not they specialise in the type of property you’d like to purchase.

Ask about properties in the area in which you’d like to invest. Does the agent seem to know about recent transactions? Does the agent have valuable input about pricing and strategies for filling rental properties quickly? These are good questions to ask.

Ask about Fees

In most cases, agents don’t collect any fees until you actually acquire a property, but there may also be an abortive fee in order to cover the agent’s costs. Professional commercial property agents should be able to give you an up-front, concise list of fees that you might encounter as you work with them.

Ask for Success Stories

When you have surgery, you want to make sure your surgeon has successfully performed this particular procedure before. It’s no different with your investments. You’ll be investing your hard-earned money into this project, so it’s only reasonable to find out if your agent has successfully helped clients to find great properties in the past.

It can be helpful to ask agents for references. Follow up with these references and ask about their experiences with the agent. This can also be a great way to make contact with other commercial property owners in the area.

Find Out About Expertise

Some agents work with both the residential and commercial markets, and that’s fine. But if an agent deals almost exclusively in the residential market and occasionally takes on commercial projects for friends, be careful.

This is a big investment for you, and it makes sense to work with a commercial agent who specialises in the type of property you’re looking for.

Commercial Property Advice

When people ask us about finding the right agent, we tell them to meet with agents, ask about fees and success stories, and make sure the agent’s expertise aligns with their personal goals. When you find an agent who meets all of these requirements, you’ll be on your way to finding a commercial property that will work for you.

For more information about finding the right agent, reach out to us at Nutshell. We know Sydney commercial real estate inside out.

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