Hiring The Right Commercial Real Estate Agent

Dated: 12/06/2017

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Hiring The Right Commercial Real Estate Agent

In North Carolina, a steady population growth and a strong job market are just two of many factors that are making real estate investors excited. The Triangle commercial real estate industry especially is benefiting as venture capital is infused into our local economy. The design for securing a desired commercial property for either a national or local investor is predicated on the following fundamentals to secure a deal: Scope:Have a well-defined business plan! A business plan is not a document you create once and store in your bottom drawer. It's a living guide that you should develop as your business grows and changes. Successful businesses review and update their business plan when circumstances change. Set yourself a reminder to review your business plan regularly.Research: Here is why you should conduct business market research: Identify the problem areas in your business. Understand the needs for your customers and why they will choose your service over competitors. ... Make well-informed market decisions before you engage into development. Analytics There are many reasons why to implement business intelligence and analytics tools, and many ways these solutions are put to work to benefit business. All projects, however, have the common goal to use business intelligence software to turn data into insights and action. Unless there is endless revenue stream do the math, pencil to paper. Be “STRATIGIC” not operational, the primary advantage is to understand the forces that will shape your market and businesses. Ultimately, the hope is to be able to outsmart and out-deliver competitors, while proactively addressing customer needs.Opportunity: We have all said it at least once in our life…maybe more than once, “I wish I was as lucky as them”. Luck had nothing to do with it, Good planning did! The opportunity was always there, yes timing is important, but so is having financing, account, attorney and business alliance all aligned. Those who can execute with focus and speed are really the lucky ones because of good preparation. Communication: To be successful all parties must be aligned with each of the above elements. Like a team each person will have their specific task and effective communication can ensures that goals will be achievable. The commercial real estate agent you choose should have the knowhow to help investors create these cornerstones, it’s about building long term relationships, NOT cashing a check! That’s why it’s important to select the right agent. A good agent needs to invest in you the person, understand your goals, apply current market dynamics, and assist you and your team in navigating to a real estate closing.When deliberating on how to choose your Commercial Realtor know if they, specialize in a certain location or industry. Is the agent educated and skilled with key commercial real estate metrics? Is the agent capable of asking the right questions or seeking out critical information? Last, as in any real estate transaction, who is the agent working FOR. This one issue raises the most conflicts for a transaction as to who the agent owes their loyalty too and this will compromise your profitability?About HTR Capital Group: HTR is an independent company with local roots and national branches through its membership Referral Exchange, a network of over 20K licensed agents in all 50 states. HTR has strong working relationships with area builders, developers, businesses and city/county/state government officials. HTR believes Customers First is a Win-Win situation! No real estate transaction is too large or too small for the HTR team! Want more information about HTR visit, www.HTRRaleigh.com or contact Gregory Buscher, Relator at 919-795-9720 [email protected]

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Gregory Buscher

Anyone who knows me will tell you I have never met a stranger. I enjoy getting to know people and helping them however I can. That’s what prompted me to change career paths and become a Licensed R....

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