The Benefits of Hiring a Commercial Real Estate Team
When selling a commercial property, owners might want to consider whether a commercial real estate team is the best way to go.
The practice of real estate sales can be exercised in a variety of ways. The most common approach is to hire a single agent and have him or her represent the sale of a property.
However, there are a growing number of sales representatives operating as members of a larger team under one leader.
Following are a few advantages of working with a commercial real estate team :
Marketing Budget: Commercial Real Estate Teams typically have a greater marketing budget than individual agents. The pool of advertising dollars is greater with several agents because there are more agents contributing to the marketing pool. This typically means additional and more targeted marketing for commercial properties.
Extra Support: Commercial Real Estate Teams offer extra support because several agents are familiar with the property and able to step in at any time. To use a sports analogy, it is like inserting a fresh player into the game, giving you a competitive edge.
More Contacts: Possibly the greatest thing about hiring a commercil real estate team of agents is that the team has a larger group of prequalified, clients than the majority of single agents. This pool may or may not be where the buyer comes from, but it does offer opportunities for the seller.
It is a personal preference whether you want personalized individual service or a broader team approach. There are obvious benefits to both approaches. The team approach offers some unique incentives for the commercial property seller.