What to Do Before Selling Your CRE Property
If you are looking to sell your current commercial real estate (CRE) property, you want to maximize it’s value. These days, there’s a lot of competition out there, especially with newer CRE properties offering more technologies and amenities to attract more clients and faster.
Whether you’re getting out of the CRE game or looking for a new place, there’s a few things you should do to your property to get the best return on investment as possible.
Staging – Stage your CRE property to make it appealing to prospective buyers. Make sure the landscaping is clean and trimmed. Fix all cosmetic issues on the property. Make sure there is no clutter or trash scattered around the property. Paint the property inside and out (if applicable). Let tenants know you are looking to sell the property and ask for their help in keeping the building looking presentable.
Servicing systems – Get a check up on all the major systems in the building – this way you can address minor problems before they turn into big problems that will cost your more money or cost you a sale. With properly running systems, you won’t have to negotiate your asking price as much due to poor building inspections. The buyers won’t be concerned about the systems if you let them know when and how you’ve gotten the systems worked on and repaired.
Gathering documentation – Gather all documents that buyers will be interested in, so there will be no delays in the sale process. Potential buyers will be impressed and appreciate how fast and prepared you are getting financial statements, tenant leases, and more to them.
Hiring a professional – It’s in your best interest to not do a CRE sale alone. After preparing your property for sale, hire a CRE brokerage, like our team at HOWE Real Estate, to help with you the sale of your CRE property while also helping you find another property to purchase, if you’re in the market for a new investment. Our team can help find you potential buyers and have many resources to market your property.
Sell Your Commercial Real Estate Property
Our team at HOWE Real Estate can help you sell your CRE property and find the right CRE property for your next investment. At HOWE Real Estate, we are a team of CRE brokers and commercial real estate experts who look forward in helping you sell and find a CRE property. We have extensive experience in the CRE market.
At HOWE, our ability to get creative with new solutions to old problems has made us a leader in commercial real estate. Our commercial real estate brokerage, real estate development and consulting services across all market segments. This includes retail, industrial, office, investments, land, mixed use, development and multifamily.
Let our team of professionals at HOWE Real Estate help you get started selling and looking for a commercial property for sale. We work with buyers, sellers, lessors and lessees across all property types. To contact us, send us an email or call 502-890-4475.
Check out our commercial real estate listings.