When buying commercial property, it’s often best to find a real estate agent. Many people have to go through more than one agent before finding the right person that fits, but knowing when to leave the agent you have can be very difficult to decide.
If your real estate agent is causing you grief and confusion, maybe it’s time to ask yourself a few questions. Here’s what you should ask:
Is your agent good at contacting you back?
You can’t wait around on a hot property. Perhaps the very first sign that an agent isn’t working out is when they don’t contact you back. You may be leaving behind messages about seeing a good property only for it to be days or weeks later with almost no response, causing you to miss out on your dream location for your business. Their timeliness is a big factor that can affect the purchase of a home.
Does your agent dance around a deal?
Negotiating is a big part of being a real estate agent, yet, some agents aren’t good at negotiating. You may have found a seller who’s willing to work with you only for your agent to drop the ball when talking about pricing, repairs, contingencies and more.
Is your agent thinking about your best interests?
You have specific needs and wants when it comes to your commercial property needs. You may have to stay within a price range — but a property that’s suitable for a machine shop may not come close to working for a coffee shop. Despite all your requests, your agent may be ignoring what you want in favor of selling you what they can find. An agent who can’t work in your best interests may never find you the property you need.
If you’re having difficulty with a real estate agent, it may be time to reach out for legal help when reviewing your contract.
