Putting up a commercial property for sale can be done in three ways: through a commercial realtor, through auction, and by the owner doing the marketing and sales, states realty101.com. Although the latter method seems simple, the owner must put some effort to ensure the sale goes through.
A commercial building is categorized as an income generator, as it involves the collection of revenue, net income and expenses. The best way to sell it is through a commercial realtor who specializes in the type of building to be sold. Before choosing a representative, it's important to ensure the realtor is credible. Experience, references and documentation are necessary qualities that exemplify a company’s credibility, explains Coldwell Banker Commercial.
Once a realtor has been identified, the property will be analyzed and an appropriate value and capital rate determined. This will be followed by marketing strategies being put in place to advertise the property, states Coldwell Banker Commercial.
Inspection of the property is necessary to be sure any repair or cleaning is done. Inspection also helps to ensure that the right tenants are handed over to the buyer so that the buyer doesn't inherit problems from the property. If there are vacant units, one of them can be prepared as a model for demonstration in case a client would like to have a look, states realty101.com.