It is not surprising that oftentimes business owners invest in real estate. The benefits include efficiency and stability. It minimizes tax payment on the earnings of the business and creates additional income for the owner. Also, improvements made to the property directly benefits the owner.
Business brokers help business owners find a buyer and sell their businesses. Business brokers also often referred to as business intermediaries meet with the business owner, understand the business up for sale, review the financial information, market the business, attract buyers and also vet them. Although, business brokers may have a real estate license they are not active practitioners, this is where real estate agents benefit from aligning with business brokers because real estate agents are practitioners.
Real estate agents may either be practitioner of residential or commercial space or be involved in both. In situations where business owners own the real estate, the business broker is not the most equipped to help in the real estate transaction, so they bring you in being the most equipped to help in the transaction. Commercial real estate agents are able to evaluate rental income and expenses involved. They possess necessary knowledge and experience in the market. They help get the most value for the transaction and provide price guidance using their excellent negotiation skills. With diverse resources, they monitor progress of the transaction, minimize risks and ensure smooth paperwork for the real estate.
Also, as a commercial real estate agent that help commercial property owners sell, there are some businesses that operate within those buildings. So having a business broker in the deal can help you out. Oftentimes business owners can reach out to a real estate agent before they reach out to a business broker.
You may not necessarily know what to do with the business taking place in the building but it is an opportunity to appropriately evaluate the actual worth of the building because the business taking place within the building contributes to the total value. So, there is need to understand the business, financial information and the sell your business. Oftentimes, there is more value that you can place on business that are operating within a building than selling a business by itself.
It will be to everybody's benefit from a business broker's side and a real estate agent's side to get to know each other and work together. If you're looking for a business broker to determine how much your business is worth, you will find the best business brokers at IBBA. The best business brokers affiliate themselves with this association.