How To Sell a Commercial Property?
What is a commercial property?
A commercial property is one which is used for business purposes, essentially any place where they use the building to make a profit. For example, it could be a factory with a large square footage or a small sandwich shop which recently came to the market. Both properties are used to turn a profit and house businesses; therefore, they would be classed as commercial properties.
Commercial properties may be on the market for a number of reasons, from a business failing to accompany moving to a larger premises to continue trading. In any event, when looking to sell your commercial property there are a few routes that can be taken, and not everyone will be aware of all the options available.
Regardless of the route taken to sell your property, the best advice we can provide you with to add value to the property would be to:
- Declutter and clean the building
- Paint unkempt walls and ceilings
- Repair any remaining damage
- Take quality photos that display the buildings best assets
Completing these tasks will give you the best opportunity to sell your property in a quicker time frame for a better price. Displaying the property in the best possible way will allow you to get the most out of it, potentially turning quite a nice profit.
What Help Is Available When Selling a Commercial Property?
Commercial Real Estate Agent:
To help sell your commercial property you may employ a commercial real estate agent to help you advertise and market the property. They handle all business to do with commercial properties, whether it be leasing, managing or selling it. They will find prospective buyers, manage and pass information regarding the property to them all while arranging and undertaking 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 via an auction can be a quicker alternative to using a commercial estate agent. 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 are able to 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]. At FastCash4Houses, we want to support you every step of the way as you sell your property.
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