Commercial Property Seller Tips

Seller Tips – Commercial

When it comes to selling investment properties, whether you have
one tenant or 500 units, there are many considerations to be made.
We recommend that you inform your tenants that the property is for
sale, you’d be surprised how many will assist you in the sales process
such as access to their unit. By giving them enough time to prepare,
you’ll get less resistance and a better showing for your buyer.

Please remember to have your numbers ready – investors can be
quite inquisitive. Supply your representative with information about
completed maintenance work, warranties, income, expenses, unit
count and mix, occupancy, leasing traffic and marketing. Depending
on the size and scope of your investment property, buyers may want
to see everything from the rooftops to the basements, elevator
rooms, trash rooms, parking areas and HVAC systems. Having these
areas well maintained and clean will rule out any surprises during the
tour, because not everyone loves surprises. Also, knowing some
information about your competitive properties will always work to your
advantage.

Curb appeal applies mainly to residential yet still has its place in
commercial. Impress your prospective buyer by sprucing up the
landscaping, a fresh coat of paint and an immaculate image. Before
showing the property, your representative should walk the entire tour
to ensure everything goes to plan: they have all of the keys they
need, all units are up to par and everything is spotless.

If you are considering selling you property, please contact us for
assistance.