After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.
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When you moved your own business to a new location, it leaves you with the task of preparing the building and property that you no longer need to be placed on the real estate market. Commercial properties for sale are a bit different than the average house or residential location because you are likely dealing with a much smaller group of individuals who would be interested in making a purchase. Because of this, you have to know how to make your property as appealing as possible to keep the listing interesting to a wider group of potential buyers. There is a good ABC rule set that you can use to prepare your commercial property for being placed on the market.
Always eliminate trademark structural features in advance.
If your company has always been known for the large cupola that rests at the corner of the building or an odd floor plan, these are things that can hinder the resale of the property. When most commercial investors go shopping for a location, they want a semi-blank canvas to work with. Major architectural features that are already associated with your own business are things that will have to be removed. If you have the funding to go ahead and get rid of such features before listing the property, your commercial property will be much more appealing to a prospective buyer.
Be sure to clear the property of signage and markings.
Someone who is shopping for a new business location needs to be able to envision their company operating within the walls of a property to get a good idea of if what they are looking at could work. It can be difficult for people to see beyond tell-tale features of a previous business, such as signage and building markings. Therefore, before you take photos of the the property for listing or have the property shown to an interested party, remove the reminders that could be hanging around. Don't forget about signage and other items that may be on the outlying property as well.
Cater to a potential buyer's needs.
You shouldn't have to jump through hoops or use a lot of time to sell your commercial property when you have a good real estate agent working to help you. However, it is always a good idea to cater to a potential buyer's interest to some extent. For example, if you know that the person scheduled to view the property is interested in it for retail purposes, set up a few sections of shelving inside the building and keep the parking area well lit. These small changes on your part can help the buyer see the property in a good light. Contact a real estate agent, like http://sgcityrealestate.com/, for more information.
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