Friday, April 23, 2010

Technology in Commercial Real Estate

Facebook, Twitter, Linkedin; all this social media helps drive business, including Commercial Real Estate. It's simply the old networking model of going to meetings and local gathering points and handing out business cards and talking to people. But with the internet the world becomes the local meeting place. These sites are great for putting you in touch with buyers and sellers for your Commercial deals, but how can technology speed up a painfully slow sales transaction process?
Online auctions can be the answer. According to the Huffington Post, In 2008 alone, $15.5 billion in commercial real estate was sold via auction, and that number is likely to increase once the 2009 figures are released.
A responsible agent, doing the best for their client should not overlook the online auction process. While you may not get the full listing price, the speed of the transaction from original listing to final sale will save your client money.

Friday, March 5, 2010

Your Commercial Real Estate Agent needs to be a Trusted Advisor

To piggy back on my last post regarding your agent being an advocate for you in the deal; watch this video where Michael Moshiri, Leadership Coach, speaks about the Commercial Real Estate Agent being a trusted advisor the their clients.

Having this type of relationship with your Commercial Real Estate agent takes some of the pressure and the worry out of the process. You know that your agent, your trusted advisor, is going to "have your back".
As an agent or broker, you will know your client is not going to listen to a pitch from the next new "hotshot" agent.

A great day is a productive day. Have a Great Day!!

Malcolm Reid

Platinum Real Estate

Wednesday, March 3, 2010

Buying and Selling Commercial Real Estate requires Advocacy not just Agency

Most people will tell you, buying your first home is the most important and most stressful decision you will make in your life. For a business owner, purchasing that first office building, warehouse, or factory is the first house on steroids. The best way to relieve some of that stress is to have an advocate that understands the logistical and financial needs of the buyer as well as the reasons the seller wants out. Your Real Estate Agent needs to do more than just locate the property. You need an agent that is able to analyze the deal and present the data in a way that will allow the buyer to make a smart business decision. This is key to concluding the deal with a win, win for both the buyer and the seller.

In future Blog posts I will walk through deals so that my readers can understand how important the numbers are and what numbers are relevant to the buyer or seller depending on their financial goals.

My intent is to release relevant and pertinent information about the Commercial Real Estate Market in the Alpharetta, North Fulton county Georgia area.

Please stay tuned

Malcolm Reid
Platinum Real Estate