It is a known fact that the longer you own a commercial property, the more it is ultimately costing you. By selling your house quickly, you will be able to keep more cash in your pocket, putting it toward your next investment. In our latest post, we will offer tips for selling your commercial property in a fraction of the time in , Ontario!
As they say, time is money. The faster you are able to sell your commercial property in Ontario, the more cash you will be able to hold on to. Many people put the sale into an agent’s hands and go about their daily lives hoping a buyer comes along. To sell your house quickly, it will take a bit more work than that.
Find A Reliable Direct Buyer
Finding a reliable direct buyer is the easiest and fastest way to sell your commercial property in Ontario. It will allow you to avoid the costs and hassles of the MLS while being able to sell your Ontario commercial property right away. Keep in mind, not all direct buyers are the same. Some will make blanket offers, while others will try to negotiate the lowest price possible. When you work with a professional, such as the team at Sell Your Commercial Property , you can be assured that you will receive a customized and fair offer based on current market conditions. We can provide you an offer right away and close in only a matter of days, as opposed to the months it may take for the house to sell via a traditional listing. Not only will you save money, but you will also save a ton of time too.
Know The Market
If you opt to list your commercial property, you need to know as much as possible about your local market. What are comparable commercial properties in the area actually selling for? How long are properties typically staying on the market? Are there improvements or beautification projects happening in the area that you can highlight? What are the demographics of the people buying in your area? What can you do to market your unique property to them? By having a realistic perspective of the local market, you will be able to price, market, and sell your house quickly.
Price Below Others That Are Currently Listed
You don’t want to sell yourself short, but by pricing your property slightly lower than the other comparable houses in your neighborhood, you will attract more attention to the property. People will always look at lower-priced properties first, even out of pure curiosity. This is a great way to get your commercial property seen by as many prospective buyers in Ontario as possible.
Professionally Clean And Stage The Property
This is where the real work can come in. To sell a commercial property quickly, it is wise to clean the property from top to bottom, getting rid of any clutter, debris, dirt, or junk that’s just lying around. Some people opt to put unused items or equipment items in storage while the property is listed. This will also help get everything out of the way, making your moving day that much easier. With the property free of useless cluter, you can also opt to stage the property with a few decorative items or hire a professional to do it for you. For example, a nice boardroom set up with modern tables and chairs, a fresh coat of paint in common areas, or bringing greenery inside such as decorative plants. You should keep things pretty neutral, but you want the space to feel clean, fresh, and full of opportunity. Not run down and tired!
NEVER Cheap Out On Your Marketing!
Some people try to save money when it comes to listing and marketing the property, but this can be a BIG mistake. In the current market, most properties need that extra boost in order to stand out from the competition and generate enough buyers to get competitive offers flowing. Put your property on all the popular listing sites such as Realtor.com, Trulia, Zillow, Zolo, Loopnet, and more.
However, in addition to simply listing your property on the sites above, you or your broker should develop a solid social media and online strategy as well. Leveraging organic and paid traffic from platforms like Facebook, LinkedIn and Google are almost always going to generate a 10X return by driving more attention to your property, more offers, and a higher sell price. Most agents and sellers skip this step and neglect the use of social media and online marketing, however done right they are easily the most powerful tools in your arsenal when selling commercial property.
On that note, media is one of the most critical elements of marketing your property. You should always try to get the highest quality photos, videos, and aerial images of the property as you can. Many people choose to hire a professional photographer experienced in your particular type of property. Most real estate agents and brokers will handle this for you if you choose to work with them.
Pay Attention To The Exterior Property
Oftentimes, sellers will put so much effort into the inside of their property that they end up neglecting the outside. People will make subconscious decisions about your property from their very first impressions when they pull into the parking lot. These impressions are often dictated by the exterior of your property i.e the parking lot, exterior paint, windows, doors, landscaping, etc. It is important to have nice landscaping, that is regularly maintained. Investing in a quick exterior refresh will go a long way in getting top dollar for your commercial property.
Overall, a direct sale to a private buyer like Commercial Property Buyers of Ontario will be the fastest and most efficient way to sell your property. If you decide you would rather list, utilize the tips listed above to find a buyer yourself or through an agent. If you would rather avoid the costs, commissions, and fees associated with listing with a real estate agent, and sell your house in a fraction of the time, we are ready to make you an offer!