If you are thinking about selling your commercial property, then you have several options available to you. You can always try to sell it on your own first, try to sell it with a Broker, or sell it direct to another investor like Helios Buys NJ
Understanding Buyers of Commercial Real Estate
Professional real estate investors typically close more quickly than ordinary buyers in [market state], and they typically pay in full. Traditional commercial real estate purchases typically involve bank qualifications, mortgage underwriting time, property inspection time, and a risk that the buyer may not ultimately qualify. Selling traditionally also involves brokers who charge commissions of 6%.
Selling your commercial building directly to an investor will save you this 6% charge that brokers will earn. This can be extremely costly (For example, if your building is $2,000,000 you will pay $120,000 in commissions). Additionally, they provide mail-away closings, which are fantastic for out-of-state owners.
Selling Your Commercial Property As Is
Commercial properties in [market state] are typically bought as-is by experienced real estate investors. As a seller, this means you are relieved of the burden of worrying about closing-day repairs or any other unforeseen costs. Some businesses don’t demand inspections when buying or selling commercial real estate, thus the deal is genuinely as-is.
No Preparation Needed For Selling Your Commercial Property
Real estate investors are motivated by returns on their investments. On the day of closing, they do not plan to move into the house. Most real estate investors will provide you a window of time after closing to move out so you may do so at your own pace. This is quite beneficial, especially given the short closing times. Additionally, you might not even be required to clean the house before you depart. Simply pack your personal belongings and any furnishings you choose to preserve, then disregard the rest.
Sell With Confidence
You won’t have to worry about experiencing an emotional roller coaster if you choose to work with a seasoned real estate investor in [market city], [market state]. There are no annoying phone calls asking whether you are available to see your property in the middle of supper. You don’t need to worry about keeping your business or your tenant’s business tidy and clean in case a showing occurs.
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture your tenants are taking and what they are leaving.
Selling to a professional property investor is extremely straight forward. They will layout every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood.
Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional property buyers already know the state of the property, and they are willing to take on that risk without any requests for repairs.