The Downside of DIY
Originally posted in Hungerford and Nichols CPA
80% of business owners still take a “do-it-yourself” approach to these crucial negotiations and site selection process. There are several reasons why approaching your commercial real estate transaction without representation will likely cost you a significant amount of time and money.
The average commercial real estate transaction takes dozens of hours to complete.
The average business loses tens of thousands of dollars in this “do-it-yourself” approach.
If you don’t have an agent involved to exclusively represent you in your transaction, then there is no real estate expert who has a fiduciary responsibility to protect your interests.
Knowledge is the most important part of representation. We live in a world where “knowledge” is at our fingertips. The problem is, the knowledge that is available is often a cheap knockoff of the real thing.