Find the Experts You'll Need

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Buying commercial real estate is often a complex process. You'll likely need to hire experts to help with some of the steps. Which and how many experts depends largely on the type of property you're purchasing.

At the very least, you'll need to hire:

  • Accountant. An accountant can help you figure out what your business can afford and analyze the tax and operating budget benefits.

  • Lawyer. A lawyer can help you complete the transaction, negotiating with the seller and lender on your behalf.

  • Commercial broker. A real estate broker can help you identify potential properties and what you can afford.

  • Mortgage broker. A lender or mortgage broker will help you sort through financing options, from bank loans to those guaranteed by the U.S. Small Business Administration, such as the Certified Development Company (CDC) 504 Program, used to finance primarily real estate or equipment.

If the property is more complicated, you could need other specialists like tax experts, accountants, lawyers, notaries, appraisers, engineers, and/or environmental specialists.

There are some things you can do on your own (through research) but there's many that are better to hire an expert for.

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