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.

Time
The average commercial real estate transaction takes dozens of hours to complete.

Money
The average business loses tens of thousands of dollars in this “do-it-yourself” approach.

Experience
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
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.