Commercial Property Agents in Delhi: How to Find the Best One
Gitin Suri
Making commercial real estate 10x easier with my 20+ years of experience | Commercial leasing expert | Founder @RPG Estate | Served over 250 clients
Whether buying or selling an office, understanding how to find a decent real estate agent is essential. Your commercial property agents in Delhi will help you through all steps of the interaction and answer the myriad technical, tactical, and financial questions that arise, so you don't need to waste hours Googling into the chasm. A decent real estate agent will also have a reasonable handle on the ins and outs of the housing market in your area. Below are some of the best places to turn to find someone you realize you can trust.
What to Look for in a Commercial Real Estate Broker
Finding a commercial real estate broker isn't exactly different from finding a decent doctor, legal counsellor, or dentist. A fusion of common sense, professional and personal connections, and some independent research matters a lot. A similar method works when looking for a broker. This is what to look for:
Look up the property agent's past work
Say the commercial property agents in In Delhi have recently helped someone buy, or rent, a location for a retail store. It would be really smart to visit this place, to get a feeling of how great the property agent's recommendations are. If you see a store that's booming and brimming with foot traffic, then the agent either understands what the individual is doing or approaches some ideal spots.
If the property agent has helped to sell a lot of properties, then look at the costs of commercial property in those areas (you can involve the 99. co-guide for this). A decent property agent should be ready to match, or even go over, the median costs in the area.
Find the agent with the most listings
One basic, somewhat latent method for finding the best real estate agent is to identify which agents have the most listings in your area. Experience with many clients indicates a certain amount of ambition and hustle. Be cautioned, however.
Represents tenants in commercial real estate transactions
You'll In a perfect world want a broker who consistently works only with tenants, but it may be difficult to locate such a broker, particularly if your business is located in a small community (in this case, you may have to find a broker who works for landowners and tenants).
Look for commercial property agents in Delhi that have a relevant speciality
Commercial properties can be completely different from one another. A hotel space has a different function from a retail space or a manufacturing space. For this reason, it's best to pick a property agent who works in your type of commercial property.
Particular agents tend to have better networks of buyers, sellers, or prospective tenants. They would also know about common tricks to watch out for, for example, tenants who just want a money-laundering front*, or tenants who are probably going to break a rent (for example they can measure when a tenant's business won't be sustainable).
Get referrals from loved ones
Ask your family, companions, and neighbours whom they suggest.
Check if the agent gives you regular updates, during the search
Great commercial property agents in Delhi will contact you at least once per week, to talk about viewings, potentially great buys interested sellers, etc.
Don't hesitate to drop property agents who guarantee to represent you, but fall silent after a couple of days. This could mean the agent has concluded your requirements are too much trouble and has chosen to quietly disregard you for more straightforward arrangements.
Ask a relocation specialist
A cross-state or cross-country move can be daunting, particularly if you're new to any real estate agents in the area.
This doesn't just mean giving the place a fast range, occasionally. Great agents will take extra steps to do right by the property, for example, putting in temporary track lights, plastic plants, picture outlines, etc.
The better property agents may try and recruit a professional photographer, to take pictures for the listings.
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If you visit the property and see curtain bars hanging down, or broken lightbulbs and insects on the floor, that's a sign the agent may not be doing enough (besides, if regular viewings are going on, the agent wouldn't leave the property in that state).
Look for community leadership
Here is an outside-the-case approach: Look beyond the performance numbers and find agents who have invested in the area.
Inquire about the marketing strategy
A decent property agent will have a systematic plan to market the property and may try and draw out the steps on a schedule. One distinguishing trait among great agents is that their marketing often contains a twist, an interesting selling point to your property type.
For instance, one property agent we know started writing LinkedIn articles, about the issues looked at by logistics companies in Singapore. Doesn't appear to be relevant to his occupation does it?
But all the while, the agent got comments and emails and identified a few prospective buyers for a warehouse space. He knew from his network that most of the key decision-creators were frequent LinkedIn clients.
Look for property agents who have stand-out thoughts like these, rather than agents who recite a clothing list of routine methods. Creative marketing is particularly important for commercial properties, as it is quite a speciality; one can only with significant effort find prospective buyers by shoving flyers into post boxes.
Ensure the agent's license is up to date
Before you sign with an agent, there's one more thing you should check: the agent's license. To make sure that the license is current, go to your state's real estate department website and look up the agent's name. You will also be ready to check whether the agent has confronted any disciplinary action.
Drop a couple of test questions, for example, "Do you think shopping centres are better locations for restaurants?". Being in the business, you may already know the response - but what you're looking for is a property agent who can demonstrate sufficient information.
If the agent does not understand your business, it's hard for the person in question to perceive the properties that suit your requirements, or to spot issues (for example it may not happen to a non-restaurateur that, if they are not located in a shopping centre, rain can be a factor in driving away customers).
The best commercial property agents can appear to be practically qualified to maintain your business themselves (and some are, having come from a similar industry).
Evaluate what 'great' means to you
What you would consider a decent real estate agent is presumably different from someone else's, so it's important to make a list of qualities you most crave in the person you recruit to sell or find you an office.
Ask what happens if a deadline isn't met
Ask the property agent what will happen if they can't help you sell, buy, or rent by a certain date. Such deadlines are presumably more important to you than they are to a residential property searcher; a business must be up and running by a certain time.
A decent agent will have a satisfactory contingency plan, like a difference in approach, or a list of backup options. Keep away from agents who cannot give you a coherent plan, for such an event.
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