Wondering how to sell your commercial real estate property quickly.
Category : Buying & Selling Tips , Commercial Loans
Below are selling tips when it comes to your commercial real estate!
1. Patience is key when selling your Commercial real estate.
Statistically, commercial properties take longer to sell than residential properties. The process for selling commercial property is different than residential property, is specialized, and requires a lot of legal work.
2. Understand your commercial real estate market.
Probably one of the most important aspects of selling your commercial real estate know your market, the neighborhood, and what similar properties in your area are going for before your listing goes up anywhere. Know what the commercial real estate market looks like, especially in the area where you’re selling your property.
3. Compare similar properties.
It’s good to know what similar buildings to your commercial property are selling for. This can help you better understand the current real estate market. Take some time for a tour of the property or the building to learn more about its attributes, see what your competitors are offering, and determine how your building measures up.
4. What value does your commercial property have to potential investors?
The most important thing that people are searching for when it comes to commercial real estate properties is the features that set it apart from other Properties. How many square feet does it have? Does it come with any special equipment? What is deferred maintenance? Are all units have a Certificate of occupancy?
5.Have the paperwork ready.
Paperwork isn’t the most glamorous thing in the world, but making sure it’s all in order is important when it comes to selling your commercial real estate. All of your documentation should be organized and up to date. You’ll want to include any previous appraisals, permits for any site alterations, copies of existing leases, utility bills, rent roll, and two years of profit & loss statements.
If you are looking to sell and close your Commercial property quickly and hassle-free contact Shawn Molem at Magna Enterprises for immediate evaluation.
Magna aggressively looking to purchase added value Commercial properties, such as Apartments, Industrial, Office & Retail properties. After receipt of your information, we can offer to buy your property all cash and close in 10 days!
If you have a Broker, we gladly will pay for the commission.
Email us your submittals at shawn@magnaenter.com for getting immediate offers on your property.