Everyone wants to sell a commercial property when the accepted offer equals the closing price.
Renegotiations are frustrating, time-consuming, and expensive and can damage your profits and reputation if the sale of your commercial property fails to close. Most sellers want to avoid investing to pull together the 5 best things to do before selling their commercial property.
Who wants to invest money into selling a commercial property when you are curious if a buyer will pay you the right price?
Unfortunately, what’s more expensive and disappointing is when the excitement of finding a buyer and forming an agreement results in a renegotiation. Buyers will often agree to a price to put the property under agreement, followed by extensive and expensive due diligence. The results often change the buyer’s mind on the offer price and lead to frustrating renegotiations.
** The 5 Best Things To Do Before Selling Your Commercial Property ** Property Condition Assessment
Prior 3 years of Operating Expenses
When you complete these items before offering your commercial property for sale, you give the buyer a clearer picture of the physical and financial health of the property.
You narrow the bid-ask gap because the buyer’s risk is mitigated with this valuable information. Moreover, you build trust with the buyer, resulting in higher offer prices and a smoother sale.
Are you looking to sell your commercial real estate?
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