Commercial Real Estate Buyer Agents Work for You
Metro Properties Group is a SC Commercial Real Estate Buyer Agency
Searching for off market commercial real estate to buy in South Carolina?
Metro Properties Group, LLC is a SC commercial real estate agency focused on Buyer Agency. We opened in Myrtle Beach in 2013 and our primary role is helping commercial property buyers find what they need to buy. Scott Taylor is the Broker-in-Charge and has 20 years’ experience in the commercial real estate (CRE) industry acting as a buyer agent. The majority of his work has been focused on the location and acquisition of development land. His experience includes: assemblage, infill, mixed use, suburban retail and residential.
Commercial Real Estate Buyers Agency
Metro Properties Group represents Buyers of commercial real estate of all types. By specializing in Buyer Agency we eliminate any potential for conflicts of interest by representing our buyer clients’ best interests in all matters. We have no Seller clients to appease, therefore eliminating any potential Dual Agency situations…equal representation for the Buyer and Seller?
Dual Agency is typically not a good idea and it is illegal in South Carolina without written consent from the Buyer and Seller, Dual Agency Agreement. The Real Deal published a nightmare dual agency story on August 22, 2018 entitled “Dual Agency dispute serves as a warning sign for brokers.” Please read as the story emphasizes the problem of having the Listing Broker also acting as your Buyer Agent.
The State of South Carolina, SC LLR, requires buyers and sellers understand what agency is and what the types mean. Click here for the South Carolina Disclosure of Real Estate Brokerage Relationships Form which outlines them.
Therefore, as commercial real estate Buyer Agents our fiduciary duty is to our Client. These duties are as follows: Care, Obedience, Loyalty, Disclosure, Accounting and Confidentiality.
Do I need a Commercial Real Estate Buyer Agent?
A Commercial Buyer Agent is an agent that represents the Buyer in a commercial real estate transaction. As described in the SC Agency Disclosure section and document referenced above, the commercial buyer agent has fiduciary duties to the Buyer through the Representation Agreement contract. At a minimum your motive, identity, and budget are confidential to every Seller…listed or not. Additionally, your buyer agent understands what you are looking for and how to find it. Your time is only invested in reviewing pre-qualified opportunities. You can buy unique properties that are not on the market. And at all times you have a professional advocating for your best interest from start to finish.
Contact us to end your search now…843-653-9795
What a Commercial Buyer Agency is not
The opposite of a Commercial Real Estate Buyer Agency is a Commercial Real Estate Listing Agency. The listing agency focuses on marketing commercial properties for sale. If a commercial real estate agency advertises property for sale on their website, on other real estate sites, or with signage along the road…they represent Sellers…specifically Their Sellers. Anyone calling on a sign or clicking a listing link is a lead for their Seller. What is the Broker’s job? Hmmm…Who is paying them? Yep, they are paid to sell you their Seller’s property even if it isn’t ideal for you. Why would they do that? As referenced above, when a Buyer or Seller engages/hires a commercial real estate broker to represent them, they are afforded fiduciary duties by their agent. The Seller Agent or Listing Agent looks out for the Seller first and only unless the Buyer and Seller agree to allow the Agency to represent them both which is called Dual Agency. I know, kind of dicey.
You may say, “Every agency I look at, except this one, has listings”…yes they do! And each agency is obligated, and paid, to look after their sellers’ interests over yours. Yes, you can be a buyer client of a listing agency, but does that make sense?
Metro Properties Group only serves the Commercial Real Estate Buyer.
Buyer agents are required to search everywhere for your ideal commercial property. Usually, these ideal properties are not listed for sale…and they are the ones we target.
Metro Properties Group focuses on delivering unique, off market commercial real estate opportunities to our clients.
What Commercial Properties do you find?
We specialize in locating ideal commercial locations and development land for sale. However, the same strategies we follow to find ideal land opportunities apply to finding improved properties of all types. See next section regarding GIS.
Over our 20 years’ experience, we have located the following Commercial Real Estate types:
- Residential Development Land for Sale
- Mixed Use Development Land for Sale
- Infill Development Land for Sale
- Commercial Development Land for Sale
- Apartments for Sale
- Industrial for Sale
- Office for Sale
- Shopping Centers for Sale
- Investment Properties for Sale
What to Expect
First, we need to meet and qualify each other. Once we do that, we will establish our working relationship through a Commercial Real Estate Buyer’s Representation Agreement. Along with establishing our fiduciary relationship, this agreement defines the commercial property or development land sought, the time frame to find it, and the fee for successfully closing on your ideal property.
Second, we need to establish the criteria that define the commercial property you require. Criteria that may be important to you could include: land size and attributes, building type and size, zoning, customer demographics, and traffic. All of your criteria are combined to determine the ideal locations to search for your ideal property.
Third, we build a GIS model specific to your commercial property requirements. GIS technology
allows us to combine your list into a map layer that tells us where to look. Consequently, we find individual properties that match as many of your criteria as possible. Notice we have not yet opened a browser to see what is listed.
Fourth, we contact each of the pre-qualified commercial property owners directly. Listed property owners are asked to have their brokers call us; every other seller is a unique buying opportunity that only you are seeing. We put you on the inside track ahead of your competition.
Lastly, we help you negotiate and contract your ideal commercial property. While most commercial buyers have a team comprising of an attorney, engineer, planner, etc. to aid with due diligence and closing we are with you to handle anything else prior to closing.
Your new neighbors or competition will say, “I would have bought that if I had known it was for sale!?”. Whatever you decide to say should always be followed by a wink!
Get Started with your Commercial Real Estate Search Now
You don’t have to suffer through every commercial real estate broker in town bringing you the same old stuff. Don’t sit around waiting on new listings. Time is a deal and opportunity killer, we won’t waste it. We don’t tie you down to an eternal representation commitment; our typical timeline is 3 months. This ensures you get our full attention.
Metro Properties Group is an experienced, professional, productive and trusted commercial real estate buyer agency. Call us today; you could be looking at your ideal off market commercial property sooner than you think.
843-653-9795 or Contact us
