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Tips on Selling Your Commercial Property

Do you have a commercial real estate that you want to sell? Then check out these tips below on how you can do it the right way.

1. Do your homework – Making a sale is all about tapping the right sales channels and reaching your target group of buyers. Before you can sell, you need to do your share of homework and research. Firstly, study the property which you plan to sell. It may be a shop, office space, or a piece of land, which is ideally suited for a commercial complex. Make a list of pros for a buyer, who would buy it and also list out the cons. Consider the location and identify the niche businesses that could take advantage of such a commercial space.

If it’s a shop in a business district, would a fast food chain be interested in buying it or would a clothing brand prosper there? Thinking on these lines will help you decide your marketing strategy to reach niche buyers who would be interested in it. Make an information brochure with all the details about the property, including square footage, amenities, and the nearest landmarks to its location. Lastly, you need to research the market prices in the area, which will help you determine what would be a reasonable price for the property. Source: Buzzle

2. List your property online for free – Many online classifieds allow free ad posting for your property for sale. These sites even lets you list your properties in bulk, without restrictions. Often, Australian real estate listings online get you more exposure quickly without asking you to pay huge prices compared to traditional classified ads in your local paper. Also, they provide more marketing and advertising options for your convenience. Sometimes it is worth putting a little money into some ads if it means the difference between having to pay a commission and pocketing it for yourself. Source: Street Directory

3. Gather the necessary documents – Gather all of the necessary documents for a property before listing it or presenting it to a client. Recent documentation will give prospects the data needed to secure a preliminary mortgage and hop right into due diligence and closing. A few documents you may want include are: the rent roll, previous appraisals and environmental studies, a copy of title deed, permits for any recent site alterations, and copies of previous leases, utility bills and tax information. Source: Point 2

Contact:
Gary Wong Realty
2105 West 38th Ave, Vancouver, BC V6M 1R8
(778) 862-9787

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