Course Content
Finding Commercial Real Estate for Your Business
About Lesson

Hey guys! I’m sure you’re wondering, “Why is a real estate agent important to consider in hiring?” And I’ll give you some of the reasons why I think it’s important to consider hiring a real estate agent as you look to move your business or set up your business for the first time.

One is market knowledge. Don’t get me wrong: there’s more data available than ever before via the internet. But still, especially in leasing, a lot of this data of what people are actually paying is not available online. And if it is available, you have to pay a lot for it. So, a real estate agent will help you determine what is best in the market.

Another one is a good real estate agent will help you find the best location. They often are in the know as to what businesses are moving, what buildings are being built, where people are going to succeed because they’ve had success with other clients.

Another reason you should hire them is due to confidentiality. It can work in your disadvantage if a lot of people know that you’re looking to move your business. And the reason that is, is because – and don’t get me wrong, it can work in your advantage as well – but the reason the disadvantage would come in is due to the fact that maybe your competition hears about it, and they go and lease the space before you. So, teaming up with the proper real estate agent can help you get into a location prior to your competition arriving.

Another good reason you should hire a real estate agent is just due to them understanding all the moving pieces related to moving your business: finding the right attorney, finding the proper accountant that they can align you with that then, in turn, will determine if you have it in your budget to pay the monthly rent. And also, helping find contractors that can help you with your buildout to make sure you’re not getting in over your head with unexpected costs.