Purchasing/Leasing Commercial Real Estate: Assembling a Team of ExpertsAs a small business owner, you're most likely not a commercial real estate expert. That's why it's important to surround yourself with the right team of experts. They can help you determine the right time to buy or sell, the right locations to consider, and the nuts and bolts of closing the deal. Here are some of the experts you may consider contacting:- Commercial Real Estate Tenant/Buyer Rep. A Tenant/Buyer real estate broker can save you money, find the best use space, must disclose information that listing agent cannot disclose, your information remains confidential, you deal with one agent, generally there is no or little cost to you as the buyer’s agent’s fee has already been included in the listing.
- Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment.
- Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.
- Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.
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