Real Estate Consulting is a premium service offered by some commercial real estate brokers for investors who want to strengthen their portfolio and work toward long term goals. A real estate consulting makes it possible for investors to manage their own transactions, while at the same time using the consultant as a supplemental resource for advice when needed.
Real Estate Consulting
The biggest difference between working with a real estate consultant and a traditional broker is the method of structuring their fees for services rendered. When working with a broker, they will show you an unlimited number of properties, conduct research, and structure the terms and conditions of purchase. This involves the oversight and generation of paperwork on your behalf with the understanding that they will get a large commission when the deal is done.
On the other hand, real estate consultant usually works for an hourly fee providing specific and in depth information. An experienced real estate consultant become a member of your long term investment team. They may offer lower commissions in exchange for being paid hourly throughout your purchasing or selling process, knowing that the incubation period on major commercial real estate deals can take up to a year or more.
Long Term Planning
Most commercial real estate buyers are investors who are working toward a future goal. Typically this will require having a well rounded portfolio of properties and a team of successful real estate experts to bring everything together. Real estate consulting is just part of this package. Your selected real estate consultant will be expected to know the ins and outs of your current properties, as well as setting a course for your next purchases. Their responsibilities are often greater than those of a typical broker and you will want to keep them on board to ensure you are moving in the right direction.
Some investors feel they are capable of handling showings and listings on their own. Real estate consulting is also useful in this situation because you can employ the help of a consultant only for the parts of the transaction you need help with. You may find a buyer on your own and strike a deal, but you will want a consultant to help you frame the contract and push it to closing. This is a good way for investors to save money by only paying for the services they really need, while giving them the most control in the negotiations.
Real Estate Consulting is a growing market as brokers seek to diversify the services and packages they offer to clients. Commercial property owners can take advantage of these services by keeping a consultant on standby whenever they are ready to make a big investment. They can also be a flexible part of any transaction, filling the gaps when you need help with the legal side of things.
Preeminent Real Estate Consulting Services
Darell Handler and the Real Estate Consulting Team at Handler Real Estate Organization provide to investors spanning America. To learn more about how they can help you complete your portfolio or assist you with your transactions, click the icon below to schedule your free consultation online – or – call 212.398.1888.