How to Sell Commercial Property in Rockingham County, NH: 7 Tips
Do you have a property that you’re having a hard time getting off your hands?
Wondering how to sell commercial property in Rockingham County?
Sometimes a commercial property will seem to sell itself, but other times you’ll have to do a bit more hard work to make sure you get a great price for your property. There is an art to selling commercial property, and for the people who know how to do it successfully the sky is the limit.
If you’re wondering how to sell your commercial property in Rockingham County, NH, look no further. Below we’ll give you our top tips for selling your commercial property.
1. Boost Your Marketing Efforts
One of the most important things to do when trying to sell commercial real estate property is to market it well.
While some buyers will stumble onto your property by accident and call you because they see a “For Sale” sign, many buyers won’t know that your property exists unless you do a lot of groundwork.
You need to list your property online and ensure that each listing is filled out thoroughly. You should also make use of online advertising, social media, and your own website to market your properties and build awareness.
Without marketing your property well, it’s going to take a lot longer for you to sell your property or get the price that you want.
2. Stage Your Property
Staging your property can also be very beneficial when selling a commercial building. If your building is currently just an empty space with nothing inside of it, it will be very hard for potential buyers to get a clear vision of what it could be.
Adding basic chairs, desks, and office furniture can help make it easier for buyers to see themselves using the building and can make a big difference in swaying their opinions. However, you’ll need to think carefully about who your ideal buyer is when staging your property, to ensure your layout speaks to them.
A professional staging company can help you to stage your building in an elegant way that makes your property seem more attractive to buyers. You may also want to consider virtual staging instead.
3. Improve Curb Appeal
One of the most helpful things you can do to sell your commercial property more quickly and easily is to boost your property’s curb appeal.
Like it or not, appearance matters. Property that looks great on the outside will attract a better quality of buyers and more of them. A commercial property that looks like it’s falling apart, whether it really is or not, will turn away commercial property buyers and make them continue their search elsewhere.
Don’t underestimate the power of great curb appeal if you want to ensure that you’re able to sell your Rockingham County property.
4. Make Small Changes That Matter
Another thing you can do to sell commercial property more easily is to make some small improvements and to present it well. In addition to making sure your property has good curb appeal on the outside, it should look great once a potential buyer walks in as well.
You should ensure that the inside of your property is as clean and clutter-free as possible. Making sure that everything inside and outside of your property is spic and span can be helpful for allowing a buyer to see themselves using the property.
You should also make any small fixes or improvements that you can that may help seal the deal as well. A new paint job or small addition to the building can have a bigger effect on your ability to sell it than you may realize.
5. Price It Right
The next thing you need to do when making your commercial real estate ready to sell is to ensure you think long and hard about what your pricing strategy will be. You should get a commercial property valuation to make sure you’re listing it right and should do plenty of research on your competition.
Find out what similar properties in your area are selling for and learn what you can expect from the local market.
If you want to make sure that you sell your property as quickly as possible you may want to price it a bit under competing properties. On the other hand, if you’re willing to wait a while you may want to ask a bit more for it.
Either way, scoping out the competition can be very helpful and will inform you a lot about how you should price your commercial property.
6. Compile Media Materials
Having only the most basic information about your commercial property and nothing more is a clear recipe for failure. These days, buyers expect to have more information to sift through when considering your property.
Having more informational materials and media available can be a big help in making a sale and gaining interest in your commercial building. A 3D virtual reality tour, high-quality photos, videos, drone footage, and floor plans can all be useful for winning a buyer over and helping them see what’s so amazing about your property.
7. Know What Buyers Will Want
When selling commercial real estate, it’s also important that you think like a buyer.
You need to think carefully about how you market your property and build your listings to ensure you’re gearing it towards the people who may be interested. Different types of buyers will be looking for different things, so you should know who you’re aiming to attract.
Compiling information about the neighborhood, area demographics, the building’s current tenants, and other important facts can be helpful for an investor and may make it easier for them to make a decision regarding your property.
Learning How to Sell Commercial Property Successfully
There’s a lot to know about selling commercial property and it may take you some time to learn how to sell commercial property successfully. However, by making use of the tips above you’ll find that the process becomes a much easier one to handle.
Need help selling your commercial property in Rockingham County? Click here to learn more about MANSARD and to schedule a free consultation.