Selling a commercial property can be a daunting venture. However, if you do your homework and plan ahead the rewards you reap can far outweigh the obstacles you may encounter. So, what are our commercial real estate agents tips for ensuring you get the most out of your commercial property?
Choosing the right real estate agent is the first and most important decision to make. A good agent can assist with all aspects of commercial property management. It is essential you engage an agent who understands the market and can draw interest from as many qualified buyers as possible.
2. Find out the method of sale
The three most common methods of sale for a commercial property in Perth are private treaty, public auction or public tender. Depending on what you are hoping to achieve from your commercial property, a particular method of sale may be more advantageous.
3. Look for marketing and advertising options
When it comes to commercial property sales, how you market your property can significantly influence the final deal you secure. In this day and age, there is no doubt online advertising can capture the interest of a wide audience – the internet is the first place most buyers look for anything, including their next Perth commercial property. Therefore, investing in great photography and focusing on elite Internet listings and exposure is critical.
4. Comparative Market Analysis – what’s the right selling price?
Engaging a professional property appraiser is a smart decision to help determine an accurate selling price. As a professional they have expert knowledge in commercial property and can provide an educated opinion regarding the value of your property.
5. Preparing the property for sale
Your prospective buyers will want to see all the necessary paperwork involved with maintaining your commercial property, so make sure that you have this prepared and accessible.
Further, get the property detailed thoroughly. Condition matters and first impressions count. So if the paint is shabby or the door handles are rusty invest in putting a new shine on the place. A minimal outlay here could see your selling price escalate significantly.
6. Schedule inspections and set up times with the buyers
After ensuring the property is well-presented, schedule times for prospective buyers to view your property. The more genuine buyers you attract the more bargaining power you will have.
7. Review quotes and the best deal and then…. Sign the property!
You are almost done. Once the prospective buyers have lined up it is time to review the quotes and select the best deal for you. Then you can sign the property!
At ACTON Real Estate we continually set the benchmark for high standards and our Commercial property team is available to offer you the highest level of service and results possible. Contact us today at http://www.acton.com.au/commercial