Monday, February 16, 2009

10 Reasons For Hiring an Exclusive Broker


The following are 10 reasons why you can financially benefit by retaining an experienced exclusive broker.

Market Knowledge
An exclusive broker with many years of experience can help you objectively evaluate all the alternatives without a "self-serving" point of view. A broker’s market knowledge is a critical factor in assuring you will be submitted all the available properties for your consideration. Maximize your broker’s knowledge base by having them focus on you.

Accountability
An exclusive broker is directly accountable to you. Simply, you will not receive the same amount of responsiveness, dedication and accountability from a non-exclusive broker.

Added Value at No Cost
Think of the real estate broker as your very own real estate department without paying for it. The owner of the property typically compensates the real estate broker. Most owners already have included in their budget a sale or leasing fee for the brokers.

Broker Selection
Using an exclusive broker allows you to select and retain the best professional available. Consider interviewing at least three (3) brokers with at least five (5) years experience. Your broker of choice may not be the broker that has been calling on you for years. Retain the real estate professional with the best track record with properties like yours, regardless of the length of time they have been calling on you.

Indicates a Serious Prospect
Hiring an exclusive broker will indicate to the owner’s and brokerage community that you are a serious prospect. This may place you at the head of the pack if you find yourself competing for a property.

Negotiating Experience
The experience of a broker in negotiating a lease or purchase will result in obtaining better terms and conditions for you. The broker’s “deal making experience” is vital to you achieving your relocation plans.

Efficiency/ Minimizes Legal Entanglements
An exclusive broker provides you with a single point of contact. Without an exclusive broker you are faced with wasting your valuable time screening a multitude of brokers, ownership calls and or proposals.

Extensive Industry Contacts
An experienced broker will have extensive contacts with the owners of properties, vendors/contractors, and the brokerage community. These long term contacts in the industry will save you time and money.

Lease Ownership Analysis
A knowledgeable broker has the financial analysis tools and access to information, which will help you evaluate the best real estate solution for your company.

Selection and Coordination of Space and Design Firms.
An exclusive broker can assist you in the selection and coordination of space planning and design firms.

The use of an exclusive broker will maximize the leverage you will need to stragetically plan and relocate your facility at the best economic terms and conditions possible. Your relocation will be fully documented and best of all, most of the time the property owner pays the commission. An experienced exclusive broker with a "deep bench of contacts" on your team could potentially save your company well above a hundred thousand dollars ( $100,000) against the bottom line. TRY USING AN EXCLUSIVE BROKER ON YOUR NEXT LEASE OR PURCHASE.
For more information on working
with an exclusive broker
Please Contact
Dan Weil
310) 792-9400

As Featured On EzineArticles

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