Commercial Real Estate Broker Florida Tips For Your Business
Many people move down to Florida in order to take advantage of the fact that the state does not levy personal taxes. Because of that and the sunny weather outside, the real estate market is prime for people who want to make a purchase. If you are thinking about setting up shop in Florida, you will need to be sure that you understand some steps that will help you to get the best property that you need. No matter what sort of business you run, there are plenty of steps that you can indulge in that will make your path as easy as possible.
You will want to put some serious time and energy into finding the best piece of commercial real estate, so that you are giving yourself the best help that you need for your business to have a quality location. This way, you will be able to be at home in your commercial building, so that it acts as a headquarters of sorts of your enterprise. With this in mind, you will need to move forward with some quality marching orders that will help you to find the commercial property that will be excellent for your business.
In addition to following some steps on your own, you will need to get familiar with working with commercial real estate brokers, because they will make your life easier and can help you out. There are a lot of commercial real estate broker Florida companies that you can handle in order to get the help that you need. These professionals will provide you with the service that will make your dream of owning commercial property in Florida a reality. However, to have a good experience with a commercial real estate broker Florida, you should follow some advice in this article.
Do I really need a commercial real estate broker in Florida?
Simply put, the answer to that question is a resounding yes. If you do not have a real estate broker who is familiar with the lay of the land in your particular city, county or town in Florida, you are at a severe disadvantage. Not only do these brokers advertise listings for available properties, they also have the inside track on properties that have not been made available to the public yet. So when you work with one of these brokers, you will be in a good position to land a property that you want, because you will have more options presented to you.
These brokers are also excellent because they will help you with the logistics of closing on the property and negotiating. If you are not used to doing this sort of thing on your own, it can be quite intimidating. However, when you have a commercial broker working for you, they will handle all of these negotiations and conversations, acting as the intermediary, while you simply pull the trigger on the decision-making. They will also help you to lay out a timetable on getting a property that you want so that you are able to stay focused and diligent in this process. Without the help of such a broker, you will be winging it and possibly in the dark when it comes to doing all you have to do in order to get your hands on a high-quality commercial property in Florida. The market is growing fast, so you need someone who understands the market and the way to handle it in order to get the help that you need in closing on eight quality property. When you work with one of these brokers, you will be in a good position to get the property you have always wanted.
How can I find a good broker?
The first thing you need to do is compile a list of brokers in your local and surrounding area who specialize in the type of real estate that you are looking for. You can do this by reaching out to various associations or just checking listings for properties in the area. You can also get references and testimonials from people who have happened to use their services in the past. This will let you know how they carry themselves and will let you know if this is the title company that you will want to work with. Once you find a list of companies that seem reputable, you will then need to provide some background research on them. This starts with looking up their license information to be sure that their license is still valid and that they are able to practice. In doing this, you will be able to look up any violations that have occurred throughout the course of their career.
You also need to be sure that they have an insurance policy on file and that it is active. This way, you will know that you are doing business in someone that takes their work seriously without cutting corners. Once you have whittled down your list to maybe a handful of different brokers, you can start engaging them in conversation. You’ll need to do this so that you have the peace of mind of knowing that they are on the same page with the things that you want and need when hunting down a nice commercial property. Get an idea of their expertise and credibility, in addition to finding out what properties they have access to. You need to be sure that they are excellent negotiators so that you are able to get the best deal any property that you are thinking about closing.
I would also recommend that they are a “full service” broker. Most reputable brokers help you all the way through the buying process and beyond. They don’t just sell you a property and vanish. You are going to want to make sure they offer other services such as tenant representation, leasing services, acquisitions, property management, and many other services related to your investment. When the broker has a continued interest in your investment, he will be more likely to think long term when you are making your purchase, and not just selling the property and moving on to the next.
I know a very respected broker in Florida named Todd Maxwell, and his philosophy is “Under Promise and Over Deliver”. You may not actually get the chance to work with him personally, but it would be a great advantage if the broker you decide to work with in your area has a similar way of thinking.
When you sit down with them, be sure that you also talk dollars and cents. You will know whether a commercial broker is the right date based on the feedback they charge for their services. If they are charging extravagant fees, you need to look elsewhere. With that said, make sure that you cut no corners when it comes to finding the best broker around. If they seem to provide high-quality service, don’t be afraid to pay them what they owe.
Let the hunt begin!
Once you have found a commercial real estate broker that you can trust in whose service you believe in, you will be well on your way toward hunting down properties. You will sign a working agreement with this real estate broker so that you have all of the terms laid out in plain writing. This will allow you to breathe easy knowing that you are working under contract with them and that they will do all that they can to help you out in finding the best property for your business. Now that you have closed down this barrier and found a real estate broker that you can trust, you can then start looking for properties in your area.
In hunting for these properties, make sure that you consider location. Location is quite probably the most important factor when close not any kind of real estate property. You need your customers to be able to find you easily and also have room for growth if you want to expand the property and the business. Take your time with this process of finding a property, to be sure that you are putting your best foot forward and that you eventually end up finding the best commercial real estate that you need for the growth and success of your business for now and the foreseeable future as a whole.