Office Acquisition – The importance of having an agent on board

People tend to consider the role of an estate agent to be somewhat limited in its scope. Many would leave contacting an agent until quite late in the process of acquiring new business premises and wait until they had a clear idea and plan of what they wanted before getting one on board.

License: Creative Commons image source
License: Creative Commons image source

What those people don’t realise is that estate agents have a much broader range of skills than just providing a list of properties on their books and arranging viewings. They have connections across the property market and can help from the moment of considering a move to new premises right the way through to taking possession of the keys.

Determining your requirements

With a great deal of experience of dealing with dozens or even hundreds of clients throughout the course of their work, business estate agents have an excellent grip on the kinds of premises that will work for a business and how those needs can be required. Getting in touch with an estate agent as soon as you’re thinking about acquiring an office means they can ask the right kinds of questions and get companies looking at the sorts of properties that would be suitable for your needs sooner than if left to one’s own devices.

Meeting with an agent can help a company seeking an office to think through a number of things. The needs of the business, the likely use of the premises and available finances will help to set the scene for the types of offices that could be within reach and those that can be ruled out from the outset. Considering things such as ownership or lease, tenure and future expansion plans for the company can also assist with future-proofing plans for office space.

Finding the right property

With the company’s requirements and parameters in hand, an estate agent such as Occupa can then go about finding properties that fit the bill. The search conducted by the agent will take into account a number of things such as required space, cost, location and terms of the purchase or lease. By sifting out the properties that don’t meet the company’s vital requirements, the remaining list is a viable set of possibilities that the time-pressed company decision makers can consider.

The estate agent’s role is to do the searching for the company

Choosing a specialist corporate estate agent can also allow businesses to access a range of other supporting services. From seeking finance to purchase properties outright through to office removal firms, agents working in the field will be able to put businesses in contact with the right people to make the process as easy as possible.

Sealing the deal

Once the property has been selected, estate agents can guide the company through making the offer for purchase or lease. Negotiations will be carried out through the agent, so the fuller idea they have of the company’s requirements, limitations and points of flexibility, the better job they can do on the business’s behalf.

The agent can get you to the point where the deal is sealed

When the company’s offer for the office has been accepted, the role of finalising arrangements and agreement can be passed to solicitors. However, everything before that point is something in which the estate agent can have a key role in securing and agreeing.

Conclusion

Rather than just acting as a list service for office properties, estate agents have a valuable role to play in the acquisition of offices right from the first thoughts about taking on new premises. Involve specialist business estate agents at the earliest opportunity to ensure that the best advantage is taken of their unique abilities and inside knowledge on the workings of the corporate property market.

Image Credits: mushon and SalFalko

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