Buyer Representation

By using a local Kansas City based commercial real estate company that provides Exclusive Buyer Representation (a Company that does NOT represent Landlords or Sellers), your time is better spent.  There are many companies that are Full Service Brokerage Companies who ALSO represent Landlords and Sellers.  Be aware that you will only get a partial list or you will be steered back toward a Seller’s property of which someone in that company represents. 

As a company who specializes in Buyer Representation, we will provide you with a list of questions that are very pertinent for your results of the research.  Not just a matter of square footage and area?  We will go much deeper than that.  Once the information has been determined, we will begin the research of available properties.  We will then tour the chosen properties together.  All of this normally happens within a matter of days.

As an Exclusive Buyer Representation company, we will show a comparison of all of the different locations with as much information as the brokers have provided.  We try to make it as simple as possible by comparing the most important variables of each of the properties.

This is not an appraisal, but a determination of what has sold in your area, how much, and how closely the comparable properties resemble the subject property.

If the offer is not full price “as-is”, which is not the norm, a verbal offer will be given to the Listing Broker, who in turn will communicate with the Seller(s).  (Remember, your best interest is of most importance; therefore, nothing will be divulged that does not need to be.)  This may be a little like ping pong, in some instances, and can somewhat be time consuming depending on the size of the selling party.

Once a preliminary value has been determined and a verbal offer has been accepted, we will draw up a Letter of Intent (LOI) outlining the material items that need to be addressed in the Contract.  This is not a binding agreement.  This is a letter expressing your intent to purchase their building, and their attorney can now draw up the Contract.

Once we’ve determined that most everything is within the contract that was communicated, the Contract needs to be reviewed by your attorney.  If anything needs to be changed, the attorney can make those changes unless we’re talking negotiating due diligent items and/or dates.  Then, I’m back looking out for your best interest.

Once the Contract is signed, and the Earnest Money and Contract delivered to the Title Company, we will work together as a group to make sure those inspections have been met and are satisfactory to you within each inspections’ time frame.  We can coordinate each of the Inspections with gaining access into the building, if needed.

After the Due Diligent dates have expired, you are obligated.  But if, for any reason, you need access into the building, we will coordinate the availability with the Listing Broker, if allowed.

The Title Company will coordinate the dates upon which both parties will sign.