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Old 11-26-2008, 05:52 PM
 
102 posts, read 417,896 times
Reputation: 28

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Hi all,

This actually has nothing to do with our local area, but just a question on how best to deal with a certain situation.

I am looking for a commercial property to lease or buy. I called a bunch of realtors from various companies based on the ads that I saw on the road or real estate website. Most of them weren't available when I called, and I left messages most of the time.

Now, the one I got in touch with right away, we discussed the property that his company is listing, and he also asked about other properties I was considering. Now that I look back, I probably shouldn't have mentioned any of them, but he is stating he can help show me the property, and that he can reach out to the company listing the property. Of course, it was going to take him a few days to reach out to the other company, and he stated that he'd appreciate it if I worked with him for a particular property.

Anyways, I hate to wait. When I have something on my mind, I like to do it immediately. So after that I start to receive a bunch of return phone calls, and what do you know, one of them is from the company that lists that other property.

So my question is, who do I use? Do I bypass the original guy and use the realtor who works for the company that lists the site, or do I wait for the other guy to reach out to this guy/company I already spoke to, and have him arrange something.

I ask only because maybe it's respectful to the guy I spoke to originally, but then I don't like to wait. I feel dealing with the original property listing company things will go quicker. But then what if I use the original guy, and run into the guy I spoke to from the original property listing company?

I know some of you all have some experience in real estate, and even if you don't, just any feedback on this would be great.

Thanks!
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Old 11-26-2008, 06:58 PM
 
Location: downtown Easton
99 posts, read 307,028 times
Reputation: 95
There are probably folks out there who are much more knowledgeable than I am in terms of dealing with agents but I can offer up advice from my recent experience of having purchased a house. It seems to me that you really have to work with one agent exclusively. It is fair to that the one agent who got back to you in a timely fashion should be the one who gets your business. Working with one agent allows that person to get to know you and your particular preferences and parameters. In my case, I had to sign an agreement that I would only work with one agent in my house search. The agreement was for 6 months. Hope this helps. Good luck!
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Old 11-26-2008, 09:42 PM
 
Location: Lehigh Valley, PA
242 posts, read 771,985 times
Reputation: 45
Default Not really ettiquette just sensible

This question comes up a lot from potential buyers in the marketplace, whether commercial, rent, or residential. The basic question is not one about etiauette but more about representation. You have the right to have an agent work for you... and normally someone will inevitably make this decision by 1 of 2 methods. 1 - By finding someone that is compatible to their style and has the necessary skill set to help them achieve their goals or 2 - by running around and looking at various properties through various agents and then find a place that they feel fits their needs and use that agent.

I would suggest the first. It gives you more strength in the marketplace & ability to learn about the details of buildings (particualrly leased space in commercial with deographic stats) and capitalize on the market faster. realistically if you pick an agent you then are coordinating your schedule around 1 agents schedule rather then trying to coordinate your schedule around 10 agents schedules and trying to get info from 10 different sources.

just my 2 cents
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Old 12-01-2008, 11:23 AM
 
192 posts, read 574,799 times
Reputation: 71
Please, please understand if YOUR interests are being served best - or is the agent (in the case of listing agent selling property to you) serving two masters. This is SOOOO important, and you definitely want YOUR agent in YOUR corner when it comes time to negotiate, and follow through to close. That being said it seems, in my experience, that it takes commercial realtors longer to return phone calls. So let your agent know your requirements (within reason) up front. If you are loyal to your agent they will be loyal to you and should WORK for you, like crazy, they should jump up and down to have a commercial buyer right now. Good luck!!!
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