When you decide to retire, have outgrown your present location, or just need to pass on a business investment, you have to take a lot into consideration before affixing a sale sign to your building. If you are serious about selling, you must maximize the desirability factor. The property must be priced competitively and marketed aggressively. You need a Broker who is knowledgeable about the commercial real estate Central Minnesota investors buy.
If your building is centrally located and easy to get to, you will have a much easier time selling it. Convenient access to parking is another plus. If you are selling an industrial warehouse type building, and are located in an industrial area of town, where it's easy for large trucks to get in and out, and to load and unload, your chances of selling are improved. You want to emphasize these benefits in all your advertising and marketing.
You need to take a hard look at your property to access what kind of presentation it makes. This may not be as important as it would be if you were selling a residential property, but the condition of the building is still something potential buyers will consider. It's not that hard to pick up any trash, wash windows, and add some shrubbery to the entrance. You might be surprised at what a difference small changes can make.
Nothing you do will matter however, unless you have the property priced right. It's important to know what comparable properties have been selling for. You have to put together a comprehensive buyer package that includes all the pertinent documentation, like taxes, rent rolls, tenant histories, and a layout of the building.
Advertising is expensive. You don't want to waste your marketing dollars on anything that isn't specifically targeting your most probable buyers. Everything from the ad placement to the photography has to be geared toward engaging your target market. You need to give the reader the right amount of information. It should be just enough to compel the prospective buyers to call for more.
An aggressive and experienced CRE Broker is essential if you want to move your property. Unless you are a CRE Broker, you need to give this job to the people who are in the business of selling commercial property. It can get complicated. You need a professional who is familiar with market trends and can reach a global audience, if necessary.
At some point you are going to need someone who knows how to negotiate these kinds of real estate deals. You have to hire a Broker who has the skills necessary to get buyers to the table. Working together, you and your Broker can develop strategies that will have qualified buyers making viable offers, and showing up for the closing.
You may have experience with selling a house in the past, but business property is totally different. You need a good Broker who knows the market and the most likely buyers. You have to price the property competitively and maximize its curb appeal.
If your building is centrally located and easy to get to, you will have a much easier time selling it. Convenient access to parking is another plus. If you are selling an industrial warehouse type building, and are located in an industrial area of town, where it's easy for large trucks to get in and out, and to load and unload, your chances of selling are improved. You want to emphasize these benefits in all your advertising and marketing.
You need to take a hard look at your property to access what kind of presentation it makes. This may not be as important as it would be if you were selling a residential property, but the condition of the building is still something potential buyers will consider. It's not that hard to pick up any trash, wash windows, and add some shrubbery to the entrance. You might be surprised at what a difference small changes can make.
Nothing you do will matter however, unless you have the property priced right. It's important to know what comparable properties have been selling for. You have to put together a comprehensive buyer package that includes all the pertinent documentation, like taxes, rent rolls, tenant histories, and a layout of the building.
Advertising is expensive. You don't want to waste your marketing dollars on anything that isn't specifically targeting your most probable buyers. Everything from the ad placement to the photography has to be geared toward engaging your target market. You need to give the reader the right amount of information. It should be just enough to compel the prospective buyers to call for more.
An aggressive and experienced CRE Broker is essential if you want to move your property. Unless you are a CRE Broker, you need to give this job to the people who are in the business of selling commercial property. It can get complicated. You need a professional who is familiar with market trends and can reach a global audience, if necessary.
At some point you are going to need someone who knows how to negotiate these kinds of real estate deals. You have to hire a Broker who has the skills necessary to get buyers to the table. Working together, you and your Broker can develop strategies that will have qualified buyers making viable offers, and showing up for the closing.
You may have experience with selling a house in the past, but business property is totally different. You need a good Broker who knows the market and the most likely buyers. You have to price the property competitively and maximize its curb appeal.
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Get an overview of important factors to keep in mind when choosing a commercial real estate Central Minnesota agent and more information about a knowledgeable Realtor at http://www.east-westrealty.com now.