• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Tuesday, March 21, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
Selling Your First Commercial Property

Photo Credits: MCP

Selling Your First Commercial Property

by Bobbi Marin, California Business Journal
A A
Share on FacebookShare on Twitter

Selling commercial real estate by owner can be a stressful, yet rewarding experience.

Commercial real estate sales require a little more finesse and experience than residential.

The best way for you to sell a commercial property depends on your situation, but there are some rules of thumb that can help guide you.

Why sell at all?

There are usually multiple reasons why someone would want to list their commercial property for sale. Most real estate transactions involve selling the property for its current value, which may be more or less than the original purchase price.

Whatever the reason, selling your property depends on finding its “Why.”

Some common reasons for selling include:

  • To cash out equity
  • You don’t want or need it anymore
  • It’s costing you money

Understanding why you want to sell makes it much easier to ensure that you get the returns you’re looking for.

How to Properly Value Your Property

To sell the commercial property, the first thing you need to do is determine its value.

There are several ways to value your property. Here are some examples.

Strategy 1: Find a broker

A commercial real estate agent specializes in selling commercial properties for profit. Commercial brokers are like realtors, but they focus on commercial properties.

They will help you determine the value of your property by conducting market research. Then, they will sell the property for you and negotiate the sale price.

What makes brokers different from other CRE agents?

Brokers are different from other CRE agents because they’re qualified to own their own real estate companies.
Agents who represent themselves as individuals are only qualified to sell or buy properties as individuals, not as companies.

Why would you want to use a broker?

Selling commercial real estate by owner means working with a broker who has access to a large pool of resources.

Real estate brokers usually have an entire realty company behind them, meaning they have more people and resources at their disposal, and greater leverage when negotiating contracts.

ADVERTISEMENT
How Do You Know if the Broker is Right for you?

You need to take a close look at their history and track record, their reputation, and whether there might be any legal issues involved. Also, ask former clients about their experiences with the broker’s firm.

This should give you an idea of how the work was completed and whether the broker’s client’s enjoyed the experience of working together.

Strategy 2: Find cash property buyers

One way to buy real estate without having to pay brokers’ fees is by finding cash buyers. They are uniquely attuned to the market, make offers fast, and are usually close to what properties are likely to sell for.

Advantages of Selling to Cash Buyers
  • Getting lots of interest and responses quickly.
  • The ability to sell products quickly because there is no financing involved.
  • Finding deals on properties that need repairs.
Cons of Selling to Cash Buyers
  • Offers are usually lower than what buyers who finance their purchases would be willing to pay for them.
  • Cash buyers are likely interested in completing the sale quickly and aren’t interested in negotiating.
    You need to weigh the benefits against the problems in each situation before deciding whether to sell to a cash buyer.
Finally, make sure all your documentation is up to date.

Before selling your commercial property, be sure all of its documentation is complete and accurate.
When documents are signed and sent, that’s it. You can’t change the terms of a contract once it has been signed.

Related Posts

Buying a Home? Consult These Professionals First
Buying a Home? Consult These Professionals First
How to Become a Successful Real Estate Agent
How to Become a Successful Real Estate Agent
Jorge Olson’s Top 3 Tips for Landing an Investor Deal in This Market
Jorge Olson’s Top 3 Tips for Landing an Investor Deal in This Market
Mistakes That All Real Estate Investors Should Seek to Avoid
Mistakes That All Real Estate Investors Should Seek to Avoid
Real Estate Investing In Florida: All The Tips And Tricks
Real Estate Investing In Florida: All The Tips And Tricks
Tags: agentbenefitsbestbrokercommercialcommercial real estatecompanyfinancefinancingFirstfocuslegalpropertiesreal estateSelling Your First Commercial Propertyvalue
ADVERTISEMENT
Bobbi Marin, California Business Journal

Bobbi Marin, California Business Journal

Related Posts

Jorge Olson’s Top 3 Tips for Landing an Investor Deal in This Market
Jorge Olson’s Top 3 Tips for Landing an Investor Deal in This Market
How to Become a Successful Real Estate Agent
How to Become a Successful Real Estate Agent
Buying a Home? Consult These Professionals First
Buying a Home? Consult These Professionals First
Real Estate Investing In Florida: All The Tips And Tricks
Real Estate Investing In Florida: All The Tips And Tricks
Mistakes That All Real Estate Investors Should Seek to Avoid
Mistakes That All Real Estate Investors Should Seek to Avoid
advertisement
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

Job Postings

CEO Wanted


Requirements: BS/BA + 2yrs of Business Managing Experience

Mail Resume: Grand Life, Inc. 14647 Northam St. La Mirada, CA 90638.

$114,754/year

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • Gavel, scales of justice and law books

    Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0
  • How to Start a Telecommunication Business: A Step-By-Step Guide

    0 shares
    Share 0 Tweet 0

Latest Articles

What Can Help Raise the Level of the Game in World of Warcraft if You are a Beginner

What Can Help Raise the Level of the Game in World of Warcraft if You are a Beginner

Benefits of Editing PDF Online

Benefits of Editing PDF Online

7 FAQs About Home Solar Energy Systems

7 FAQs About Home Solar Energy Systems

Benefits of Using Electric Bikes for Camping and Traveling

Benefits of Using Electric Bikes for Camping and Traveling

How to Sign Up for the Best Casino is Listed Below

How to Sign Up for the Best Casino is Listed Below

Does Personal Auto Insurance Cover Rentals?

Does Personal Auto Insurance Cover Rentals?

The Best M4A4 Restricted Skin

The Best M4A4 Restricted Skin

The Top Signs You Need HVAC Repair: Don't Ignore These Warning Signs

The Top Signs You Need HVAC Repair: Don’t Ignore These Warning Signs

The Benefits of Renewable Energy

The Benefits of Renewable Energy

Injured by a Drunk Driver? Seek Justice with the Help of a Skilled Attorney

Injured by a Drunk Driver? Seek Justice with the Help of a Skilled Attorney

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR