If you’re a commercial real estate investor or own commercial property in Ontario, chances are for one reason or another you’re eventually going to need to sell something. When you do, you’re going to want to sell your commercial property as fast as possible and for the most money. Especially in the current market where many commercial assets are slow moving and the pool of buyers is thinning by the day.
Fortunately, there are a few things you can do to help move things along and sell your commercial property fast and for top dollar. In this blog post, we’ll go over three of the best ways to sell your commercial property fast in Ontario.
Top 3 Tips To Sell Your Commercial Property Fast
Use an experienced real estate agent
If you want to sell your commercial property for top dollar, you need to work with an experienced real estate agent who knows the ins and outs of the Ontario market. Look for someone who has a proven track record of successfully selling commercial properties in a timely manner. However, when time is really of the essence, your property is in distress or risk of repossession/foreclosure, you may not have the luxury of working with an experienced real estate agent and listing your property publicly. In cases such as this, you should consider working with a professional private buyer/investor such as our team here at Commercial Property Buyers of Ontario. We’re able to make all cash offers on the spot, with little to no conditions, and quick closing if you really need to sell fast!
Price it right
One of the most important factors in selling any property, commercial or otherwise, is pricing it right. If you price your property too high, you’ll likely end up sitting on it for months or even years without any bites. On the other hand, if you price it too low, you could end up losing out on thousands of dollars in potential profits. The key is to find that happy medium by working with your real estate agent to come up with a competitive asking price that will attract buyers but still allow you to make a healthy profit.
Get Aggressive With Your Marketing
In order to sell your commercial property fast, you need to market it effectively so that buyers are aware of its existence and all that it has to offer them. Make sure to list it on all of the major real estate websites and include plenty of good-quality photos and videos. You should also make use of social media platforms like Facebook and Twitter to promote your listing. Local newspapers and magazines are also good places to market your commercial property as are billboards and signage placed around town or along busy highways.
Key Takeaway
Selling your commercial property doesn’t have to move at a snail’s pace; there are definitely things you can do to speed up the process. By following the tips laid out in this article, you should have no problem unloading your property fast and for top dollar. So what are you waiting for? We’re ready to make you a fair cash offer and help sell your commercial property fast, Get started today!