Buying a business or commercial premises is an important decision, so you want to be sure you have a comprehensive picture of what you are buying and how much it will cost. A good commercial property agent is essential in helping you find the right business or property by understanding your needs, budget and the market.
Qualifications are important but experience more so. Your agent should be able to provide examples of past sales which should cover a broad range of properties and businesses, of various sizes in a variety of sectors. There may be other specialist knowledge that is relevant to the business sector, including laws regarding licensing or Government initiatives that may affect your decision to buy or sell. Your agent should be aware of these factors.
A good commercial property agent in Devon will have in depth knowledge of the South West. You will need to know the demographic and what potential customers there are and also who your competition is. If you are going to be moving to the area or living at your business premises, you need to know what shops, facilities and schools there are. Road access is an important consideration which can make a significant impact on the success of your business.
Knowledge and experience of the type of business you have for sale is essential, including keeping up to date with news about the current economic climate of the business sector. Most reputable commercial property agents in Devon will offer a free appraisal of your business and be committed to getting you the best possible price.
There have been many new and exciting advances in technology, especially mobile technology and social media recently, bringing new opportunities for marketing a business or property, and more instant ways of communicating opportunities and information to your clients such as texts alerts, bluetooth and apps. These advances mean consumers are more informed and web savvy these days. A good agency will be utilising all these resources.
With more transparency and information available, a different kind of commercial property agent is required. It is important to find someone you feel comfortable with, who you have good rapport with – an open, honest agent who dispenses with the sales patter and is committed to you. They should have manageable caseloads so they are committed to you and treat you like an individual rather than just one client among a bloated caseload.
Lastly, look up websites for commercial property agents as they should give you a good indication of the sort of company they are and what their ethos is. It should be up to date, clear, informative, and easy to navigate. It should indicate what social media or other marketing and communication tools they will use to promote your property and bring opportunities to your attention such as emails or text alerts. It is a great first indicator before you arrange a meeting.