Selling your commercial property in the North Central Washington area takes so much more than just placing a sign in front of the building. Not being prepared when you put your property on the market could cost you hundreds of thousands of dollars. The Nick McLean Real Estate Group understands that in order to sell your commercial real estate it takes a comprehensive pricing strategy, maximum exposure to buyers in the marketplace and an aggressive marketing master plan. Here are some tips that have proved useful for selling commercial real estate.
Hire a CRE Broker or just call the Nick McLean Commercial Real Estate Team to schedule a meeting to meet them and gain an understanding of how they can help you reach your goals. They will help you obtain answers to your questions, suggest questions that you may not have asked and make sure you get the right information before you make your final decision.
Establish your price. Do you know the true value of your property based on the current market factors? When was the last time you looked at market reports for your region? The price of your property is certainly not the same as when you bought it. As financial markets fluctuate, property values change, though each is specific to an area. It is not just a matter of comparing it to like properties but also to what is comparable in the marketplace. Nick McLean Commercial Real Estate Team can prepare a Value Analysis for you that will provide a snapshot of where your property is valued at this time. Understanding the market could help you create a solid price for your business property so you're not having to drastically drop your price if it sits on the market for too long.
Make the property appeal to buyers. When an investor looks at buying commercial real estate they want more than a price and handful of pictures. Provide a list of location and area highlights, property features and even a demographics report might be in order. In a retail property, these demographics can help find a buyer who will be successful in your location. Enhancing the property's cosmetic look can also keep your property value higher. A few enhancements can only help sell your property faster.
Take and aggressive approach to marketing. High quality signage is only the tip of the marketing iceberg. What goes on beyond that? Nick McLean Real Estate Group operates with an annual marketing budget is ten times what a typical Realtor's annual income is which provides for extreme exposure for our client's homes on every major website.
If the selling process becomes too overwhelming for you to handle, find a commercial real estate broker who can get you on the right path. For more information, call the Nick McLean Real Estate Group today at