If you are ready to get rid of your business because you want to retire, remove yourself from a business venture, or have gotten too big for the current location, you have things to consider before hanging a for sale sign in front of your building. If you really want to sell, you have to make the property desirable to viable buyers. You have to price the property right and market it aggressively. You also need to find a Broker who knows what kind of commercial real estate Central Minnesota investors want.
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 have to take an impartial look at the property your are selling and access the sort of presentation it makes. This is not as crucial as it would be if you were selling residential property, but an inviting appearance will make a difference. There is not much cost involved in removing trash, adding shrubbery at entrances, and washing windows. The difference will probably amaze you.
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.
Selling commercial property is nothing like selling a house. It's very difficult to do without the services of an experienced Broker who understands the market and who the most likely buyers will be. A successful sale will require you to set a competitive price and maximize the 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 have to take an impartial look at the property your are selling and access the sort of presentation it makes. This is not as crucial as it would be if you were selling residential property, but an inviting appearance will make a difference. There is not much cost involved in removing trash, adding shrubbery at entrances, and washing windows. The difference will probably amaze you.
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.
Selling commercial property is nothing like selling a house. It's very difficult to do without the services of an experienced Broker who understands the market and who the most likely buyers will be. A successful sale will require you to set a competitive price and maximize the 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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