Listing commercial property for sale is a task that requires a lot of thought, planning, and strategy. If you don’t put in the necessary work ahead of time, you might be in for a problem-filled sales process. It’s worth doing things right to get the best value for your commercial property for sale while minimizing potential headaches.
Commercial property can refer to office space, hotels, retail locations, apartment buildings, shopping centers, and much more. This means that every listing has specific nuances that the seller must adhere to. Rakow Group has over 30 years of experience in helping clients list or find commercial property for sale. Give us a call today if you’d like some professional expertise in listing your commercial property for sale.
We have prepared the list below in order to provide a brief overview of the commercial property listing process. We hope it provides some valuable insight into listing commercial property.
Prepare the Property
Before you list any commercial property for sale, it’s highly recommended that you take the time to clean up the exterior and interior of the site. Make sure you remove any trash or leftover belongings from prior tenants. Put the time in to take care of minor repairs. Anything you can do to make the property look its best is worth doing.
Due Diligence Time
Due diligence is the process of conducting extensive research and gathering information about comparable properties prior to listing the commercial property for sale. You can take a look at the price per square foot, potential uses for the property based on zoning, and any revenue potential. This step is absolutely crucial. Remember, Rakow Group can always help out with any important steps in the listing process if you need assistance.
List Yourself or Use a Broker
The last step is to decide whether or not you want to move forward and list the property yourself or hire a broker to help you list the commercial property for sale. Hiring a broker is usually a fantastic idea because they handle all of the hard work. Listing and showing the property is usually taken care of by the broker, as is negotiating and due diligence. At Rakow Group, we know how and where to promote your property to give it the best exposure possible. We know how to price the property to make sure it sells for the right amount and as quickly as possible. Last, but not least, we are professionals and we know how to get the job done, in the right way and in the first time, assuring you that mistakes won’t be made, jeopardizing your deal.