Selling Property With Commercial Property Agents

Commercial properties are valuable buildings and selling them can be a good way of freeing up some cash. If you want to sell an industrial building, then you will need to find commercial property agents who will do their best to find a suitable buyer.
Value
Before you can put your building on the market, you will need to find out exactly how much it is worth. As prices fluctuate all the time, you may need another valuation even if you have had one in the past. Commercial property agents will be able to value your commercial building for a nominal fee.
When valuing a building they will take into account a number of factors. This will include the size, construction, amount of parking, designated use, and the possibility of renting it out.
Selling yourself
Many people will try to sell commercial properties by themselves without involving an agent. This is because they believe it will save them money in commission fees. While this is true, it will probably take much longer to sell, and you might also fail to get as much money if you sell it yourself.
By talking to commercial property agents, you will be able to get the very best price possible. They will also be able to market your property in the best way possible. This should make it much faster for your building to sell.
Saving Time
If you try to sell the property yourself then you will have to talk to every potential buyer on the phone. This is time consuming and very few of them will actually be serious buyers. A good real estate agent will be able to listen to all of the potential purchasers and weed out the ones which aren’t serious so you can save time.
Commission
When you are searching for commercial property agents you will need to be aware that you will need to pay commission to the agent upon a successful sale. The commission rate is typically between 3 and 10 percent. Find out what the agent is going to charge and then negotiate as much as you can, remember, the smaller the better. The quicker your property will sell, the lower the commission should be.
There will also be other fees which may be payable upon completion of the sale. An experienced agent will know all about these fees and should be able to advise you.
Finding Commercial Property Agents
Real estate agents which specialize in selling commercial properties are very different to residential agents. It is vital that you choose commercial agents to sell industrial buildings. This is because the two are sold to very different clients. Commercial buildings also need to be marketed in a particular way including lots of facts and figures.
Also, whether you are selling or leasing your property you might want to choose different agents.
When choosing the agent to represent your property, you shouldn’t only be concerned with the cost of the commission. Look at how proactive they are in selling other properties, and how many buildings they have managed to shift recently. This information should simplify the process of choosing the most suitable agent.

Mikey works for a Oaktree Partnership in Norfolk. While Mikey isn’t working he enjoys blogging and writing articles on tips about choosing the perfect commercial property for your needs.

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