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.
Pricing your property competitively is key. Everything you do will be a waste of time if you price yourself out of the market. It's important to do the research it takes to find good comparables. You have to be able to offer interested parties all the information they need to make informed decisions. That includes rent rolls, tenant histories, property taxes, and surveys.
Advertising can get expensive. You should pinpoint who your most probable buyers are and target them specifically. Everything, including photography, ad copy, and ad placement must be done with the intended target in mind. The purpose of your marketing should be to engage the buyer. You want to give out just enough information that the buyer feels compelled to get in touch with you for more information.
You will need to hire a good CRE Broker. Selling this kind of property is probably not something you can do successfully on your own. You need a professional who is familiar with the local market and can also reach a national and international audience, if the property warrants it.
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.
Pricing your property competitively is key. Everything you do will be a waste of time if you price yourself out of the market. It's important to do the research it takes to find good comparables. You have to be able to offer interested parties all the information they need to make informed decisions. That includes rent rolls, tenant histories, property taxes, and surveys.
Advertising can get expensive. You should pinpoint who your most probable buyers are and target them specifically. Everything, including photography, ad copy, and ad placement must be done with the intended target in mind. The purpose of your marketing should be to engage the buyer. You want to give out just enough information that the buyer feels compelled to get in touch with you for more information.
You will need to hire a good CRE Broker. Selling this kind of property is probably not something you can do successfully on your own. You need a professional who is familiar with the local market and can also reach a national and international audience, if the property warrants it.
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.
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