Have you been sitting on a commercial property and thinking about how to best sell it? Are you wary of the fees that come with using a realtor? Good news – there are ways to get your commercial property into the hands of potential buyers without involving a real estate agent. Let’s take a look at some tips on how to make this happen.
Do Your Research First
Before embarking upon any sort of selling process, it’s important to do your research. This includes understanding the value of your property, getting an appraisal if needed, researching local zoning laws, and finding out what similar properties in the area have sold for recently. All of this information is necessary as you move forward with marketing your property.
Get Creative With Marketing Tactics
Once you have an accurate idea of what your property is worth and how it compares with other properties in the area, you can start exploring different marketing tactics to help spread the word about your sale. Listing sites like LoopNet and CityFeet are great places to start, but don’t limit yourself – consider traditional methods (think newspapers or direct mailers) as well as digital methods (social media campaigns). Find out which mediums work best for reaching potential buyers in your market and focus on those.
Be Ready To Negotiate
It’s important to remember that no buyer is going to pay exactly what you’re asking for – they’re going to want to negotiate. That said, be prepared by doing some research on comparable sales in the area so that you know where to draw the line when it comes time to talk price. Additionally, be ready with answers when buyers ask questions like “How long has this property been on the market?” or “What kind of repairs are needed?” Knowledge is power!
Contact A Private Buyer Directly
There are a handful of private investors and buyers in Ontario, Canada who make it easy to sell your commercial property privately by either purchasing it directly themselves or by referring you to another local investor interested in your specific property type. That’s exactly what we do here at www.sellmycommercialproperty.ca we are owned and managed by a family business and local investment company that acquires off-market commercial properties like yours. Often for all cash, with flexible closing, and none of the headaches or fees typically associated with selling your commercial property publicly or on the MLS. If your property isn’t a good fit for us, we will simply refer you to someone else in our personal network that we think is looking for exactly what your property offers. Lastly, if worst comes to worst and you choose to list your commercial property publicly, we are even happy to refer you to a local experiences REALTOR that we’ve worked with ourselves. Bottom line is, private buyers make it easy for you to sell your commercial property and get cash in your pocket fast, so you can move on with your business and your life. For a free property evaluation and on-the-spot offer, visit our homepage www.sellmycommercialproperty.ca now.
Getting it done!
Selling commercial property without a realtor can seem daunting but thankfully there are plenty of resources available online that can help make it easier. Do your research before taking any action; know what kind of value your property has and find out who makes up its target market so that you can craft an effective marketing plan accordingly. Lastly, be prepared for negotiations by knowing where you stand when it comes time for buyers to haggle over price – knowledge is power! Armed with these tips and tricks, you’ll be ready to tackle selling commercial property privately like a pro!