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Whether you're planning on doing a 1031 exchange, or just considering cashing in on a commercial income property's equity, there are several steps you can take to sell quickly and easily.
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5 Essential Tips To Selling Your
Commercial Property
1 Negotiate A Long Lease Period
5 Essential Tips to Selling Commercial Real Estate Property
One of the best times to trade an investment property is shortly after the lease has been renewed.
A property that has a short lease period remaining is not positioned to generate a stream of secure income over the long-term, which is what every investor wants most. A lease period of ten years or longer is ideal.
2 Establish Profitable Lease Terms
5 Essential Tips to Selling Commercial Real Estate Property
The lease should have attractive terms.
For most commercial income property investors, attractive terms mean:• a triple net lease in which the lease payment is at least average for the market
• the property owner has total control over establishing new lease terms when the present lease agreement expires.
4 Make Necessary Repairs
5 Essential Tips to Selling Commercial Real Estate Property
Selling commercial income property is similar to selling a home: no one wants to acquire property that needs a slew of repairs.
The most important repairs are those that are necessary for the property to pass inspection, but making aesthetic repairs to sidewalks, windows, and ceilings can have a big impact, too.
5 Take Quality Photographs
5 Essential Tips to Selling Commercial Real Estate Property
Real estate photography is notorious for its poor quality.
Considering that most investors will first see your property in a real estate database that a broker maintains, investing in quality real estate photography is a wise decision.
Great photographs will help your property stand out in a sea of real estate listings.
Questions?
5 Essential Tips to Selling Commercial Real Estate Property
Still not sure what type of commercial real estate income property is best for you?
Contact an experienced real estate broker at Westwood NetLease Advisors. You'll get a free 3o minute consultation, and solid advice on how to get started investing in your income property.
Westwood Net Lease Advisors also specialize in triple net properties, as well as 1031 exchanges.
Call us to schedule your free consultation at 314-757-1031, or send an email to: [email protected]
