When you are ready to sell your commercial property, there are many things that you need to take into consideration. One of the most important of those things is estimating the value of your property. This sets the tone of the rest of your selling experience. To help you get started, here are some useful tricks and tips!

Establish a Pricing Strategy

A great way to estimate the price of your property is to compare properties with similar features to yours. Though location certainly plays a factor in your listing price, seeing buildings with similar features to yours will give you a better idea on how to price your listing.

Know Why Your Property is a Good Investment

Whether it be current tenants, property highlights, location, or demographics, know what makes your property sand out above the rest. Knowing these assets will allow for a more accurate listing.

Know Your Market

What kind of tenants do you want to attract? Having lower vacancies often lead to a quicker sale of your property on the market.

Understanding Your Tenants

Going hand in hand with establishing and highlighting your property type, knowing what tenants occupy the space and what their specific needs are for their business will help you keep your vacancy rate low.

Looks Do Matter

Visual aesthetics of both the outside and inside of your property makes for a great listing. Not only does this attract buyers, but it also attracts tenants as well as keeping current tenants satisfied.

Attract New Tenants

Utilize marketing to fill any empty vacancies prior to listing your property. This will create a higher outcome that a buyer will invest.

Understanding Business Needs

To find your perfect space, you must understand what your business needs. This includes understanding your budget, goals as far as expansion or reduction, and location needs.

Leasing or Buying?

Weigh out the differences between leasing and buying properties. This is crucial for your tenants. If they are planning on growing and expanding, they need to be in a space that allows for this. If they are not, then they may want to consider leasing, rather than buying.

Consider Your Industry

As mentioned before, there are plenty of different needs for different property types. Knowing what your tenants need in their property will help keep your tenants happy and increase the longevity of their occupation.

Always Have a Plan

his process will always take time. Keep calm, and keep planning. Avoid rushing into any big decisions! Keep a positive attitude as you begin this exciting new chapter.

Find a Commercial Real Estate Agent

To ensure this process remains a calm and positive experience, find an agent who understands all of these needs to help alleviate any pressure you may have!