How To Sell a Commercial Property By Owner
When selling a commercial property, we advise to read up on the legislation surrounding commercial property sales, local property values, and what the buyers are looking for in a commercial property. There are several things you can do to prepare for selling your property that can speed up the process and potentially increase its value.
Making the property look aesthetically pleasing can increase the number of viewings you get and help get offers on the property. It will be beneficial to make the property presentable, professional, and appealing to a wide range of potential buyers. To help potential buyers imagine themselves running the business on your premises you can:
- Declutter and clean the building
- Paint/decorate walls and ceilings
- Repair any remaining damage
- Take quality photos that display the building’s best assets
There is also documentation and certificates that will need to be prepared and submitted, some examples include:
- Planning and Building Regulation documents
- Replies to CPSEs
- Energy Performance Certificate
- Asbestos Survey
- Fire Risk Assessment
Even If you are aware of the information mentioned above it’s always advised to seek professional help. A commercial real estate agent can help when preparing these documents, they can liaise with solicitors to help complete the process. They handle all business to do with commercial properties, including leasing, managing, and selling. They will help find prospective buyers, answer questions, and undertake viewings. For their work, they usually charge a percentage of the sale price, which can vary from 3% to 5%, but this can be negotiated with the agent.
Selling privately is also an option, there are many online marketplaces that you can use to advertise and sell your property. This would require a proactive hands-on approach; responding to any enquiries and undertaking viewings personally. If you can take the time to do this it could save you money, the fees associated with using a real estate agent will be costly.
Another option would be to sell via auction. They have a quicker process from the first bid to the completion of the sale, which is much easier than negotiating and dealing with real estate agents. Normally, auctions charge their fees as a percentage of the sale price and there can also be entry fees. So, depending on which auctioneer you choose, it may be quicker but it can be costly. Here at FastCash4Houses, we are able to help you sell your home for free through an auction, the buyer pays the commission so your house gets sold for you at no cost.
To forego all fees and the general hassle of selling, you could use a cash buying service like FastCash4Houses. In some cases, they can get a property from offer to completion within 7 days, all while incurring no estate agent or legal fees. So, if you’re in a hurry to sell your commercial property and get into your new one, or just release the equity within it, then fastCash4Houses would be the best option for you. To get your free no-obligation valuation today and to find out more about how we can help then visit our website at https://fastcash4houses.co.uk/ or get in contact with us to speak to a member of our team directly on 01204 294356 or [email protected].
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