Buyer's Frequently Asked Questions (F.A.Q.)
"Why do I need a Broker to buy or lease commercial real estate?"
The answer is Local Knowledge. If you are considering buying or leasing commercial real estate in North Georgia, you could drive around hoping to find the right property, but your time is valuable and often the best opportunities are not public. In addition, do you know the answers to these questions:
- Is it worth what the owner asking?
- What are the tax implications to my purchase and investment?
- What is the property zoned?
- How do I rezone the property?
- Does it have sewer?
- Does it meet code?
- How do I negotiate the best price and terms?
- How do I do my "due diligence" during the inspection period?
- Is there going to be a new road going through here soon?
- Can I do an owner financed purchase? And how?
I can answer these questions helping you make sure you're buying or leasing the right property.
Because I specialize in only commercial and investment real estate, I have formed personal relationships with local and regional property owners and Government Officials. It is these personal relationships that will allow me to save you time, effort, and money locating the RIGHT property. It is all about Local Knowledge and Experience.
"Can you represent me at no charge?"
Yes! I can represent your interest as a BUYER or TENANT at no charge. You may wish to have me represent you in the purchase or lease of a commercial real estate asset and the owner/landlord will pay the commission. It will cost you nothing to have local, knowledgeable representation during a complex and important real estate transaction.
"Do I have to sign an agreement to have you help me buy or lease a property?"Click below to view the Standard Tenant/Buyer Representation
Yes. Georgia State Law requires that you and I spell out our relationship clearly. The form that is required is easily understood and does NOT require that you ever purchase or lease a property. This agreement simply allows me to represent your interest while helping to negotiate the best possible price on your behalf. Just call me or email me, and I will be glad to discuss the benefits of having professional representation on you next commercial real estate purchase/lease . . . free.
Agreement form in Adobe® .PDF format.
Standard Tenant/Buyer Representation Agreement
"As a Buyer/Tenant do I pay extra to work with a Broker?"
No, every listed real estate transaction has a commission as part of the purchaser price. There are no out-of-pocket expenses to you.
"If I am buying commercial real estate, what should go into my contract?"
Since every real estate deal is different, you will need to get advice from an experienced Commercial Realtor on how best to protect your interests in the contract. Typically, however, your contract should address at least the following issues:
- An exact description of the property you are buying, including the land surrounding the building.
- The purchase price and whether it is all due at closing or in installments.
- A list of any equipment or personal property that is included in your purchase.
- Any contingencies that must be met before you are obligated to complete the purchase, for example, you can make the deal contingent on your ability to get a mortgage loan.
- How property taxes and utility bill will be pro-rated (allocated) between you and the seller.
- The type of title evidence or title insurance the seller must provide.
- The date for closing and delivery of possession.
- What legal recourse a party has if the other party defaults.
Your experienced Commercial Realtor may advise you to include several other provisions as well.