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.

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