Your commercial real estate questions – answered
How do I choose a commercial real estate broker?
Here are five traits you should look for when choosing a commercial real estate broker:
Established Industry Relationships
Commercial real estate is a business built on relationships first and foremost. In fact, many commercial transactions don’t even hit the open market. They’re completed on a confidential, exclusive basis. That’s why you need a broker who has well-established relationships with the key industry players, including the builders, developers, government agencies, financial institutions, investment groups and business owners.
Highly Experienced
Secondly, you need a broker who is experienced, like really experienced. Someone who is not intimidated by complex transactions. When you’re looking at deals in the tens or hundreds of millions of dollars, you’ll need to rely on your broker to protect your best interest whether you’re listing, buying or repurposing a property. When it’s your hard-earned success, do you really want to trust a rookie?
Responsive
Responsiveness is the next trait you should look for when choosing a commercial broker. As the saying goes, ‘time is money’ and you can’t afford to have one of your most important financial decisions left to a brokerage who won’t promptly answer your calls.
Strong Communicator
An effective broker will also have strong communication skills. Commercial real estate deals can be complex. You need someone who understands the industry language, knows the right questions to ask and can then explain the issues and processes to their clients in simple-to-understand language.
Integrity
When choosing a commercial broker, ask yourself if you can trust this person. You are forming a partnership with them; you need to make sure they understand your ultimate goal and that they’ll put your needs first.
What advantages are there to choosing a Boutique Brokerage over a large Corporate Brokerage?
The simplest answer to what a Boutique Brokerage like Ally Commercial R E Inc., Brokerage can offer clients, is its undivided attention. You won’t get shuffled from department to department. You’ll know exactly who you’re dealing with every step of the way. Our whole office is working on helping you achieve your next level of success.
Large corporate brokerages, including some that are publicly traded, can be more focused on their corporate standing, perhaps even guiding clients to make decisions that benefit the corporate bottom line first.
If you value establishing a relationship with your business allies, and you value knowing that each time you’re ready for your next real estate transaction you’ll know exactly who will be going to bat for you, then a boutique brokerage is your best option.
What geographical area does Ally Commercial R E Inc., Brokerage cover?
Ally Commercial R E Inc., Brokerage Realty has specialized in commercial real estate for 40 years, closing deals all the way from Niagara, to Hamilton, to Mississauga and Toronto to Vaughan to Innisfil to Barrie and everywhere in between. We know the Ontario Golden Horseshoe like no other brokerage.
How long does a commercial real estate transaction take?
Commercial real estate deals don’t typically happen overnight. It’s not like selling a house, where you put up a sign, list it on MLS and within a week the whole process is done. Commercial real estate deals are multi-faceted and layered transactions so it’s difficult to predict how long your project will take, but it is not unheard of for commercial transactions to take one or more years. That’s why at Ally Commercial R E Inc., Brokerage we focus on building trusting relationships with our clients so we can see their projects through from beginning to end.
Can Ally Commercial R E Inc., Brokerage also handle my residential needs?
Ally Commercial R E Inc., Brokerage specializes in commercial real estate. Residential real estate is geared to home buyers and brings about certain demands, such as open houses and at Ally we don’t want anything distracting us from our main focus – our commercial real estate clients. However, if you are looking to sell or build your investment portfolio with a multi-dwelling building, Ally is definitely willing and able to offer you our services and expertise.