Joe McInerney of Chicago, IL on Getting Your Commercial Real Estate Property Ready to Sell
Many of the same basic tenets for residential real estate also apply to commercial real estate sales. If a property doesn’t show well, it will not fetch the best price and may be hard to sell at all.
Curb Appeal You want the property to look appealing as people approach it. This means it needs to catch the eye and be attractive from a distance, both as people drive past and as people begin to walk up to it. Check it out from the directions people will most likely see it. Then spruce it up to make it appealing from a distance.
Not Just Skin Deep One of the reasons curb appeal matters is because if you can’t be bothered to clean the exterior, they assume you also are not on top of maintenance issues. Minor maintenance issues can grow into significant expenses and massive headaches when not tended to promptly.
Make Critical Data Available Serious buyers will want to know about the financials. Be prepared ahead of time to answer their questions. Put together a packet that answers pertinent questions. After all, a commercial real estate transaction only makes sense for the buyer if the property turns a profit or serves their business goals. Having that information already put together can help close a sale more quickly.
About the Author Joe McInerney of Chicago, IL is an experienced businessman and entrepreneur. Learn more at JosephMcInerney.net