- July 10, 2017
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Buying commercial real estate is a complicated task, but what about selling your property? For many reasons, an owner may decide to sell their real estate asset at some point. Selling your asset can be just as confusing as when buying. So where do you start? From hiring a real estate broker to determine the value of your asset, the process can be timely. Our friends at SVN | Southgate Realty, LLC would like to help you start!
You’ve Decided to Sell Your Commercial Real Estate, Now What?
There are a myriad of reasons why a commercial real estate owner has decided to sell their asset. Whether looking to cash out or turn around and invest in another property using a 1031 exchange, no matter the reason there is a right and a wrong way to sell an investment.
From office buildings to industrial assets to shopping centers, an owner looking to dispose of their commercial real estate should be aware of the various factors that will affect their sale. Below we outline the 3 major steps that any owner should complete prior to putting their investment on the market.
Step 1: Prime the Property to Sell
The best time to dispose a commercial real estate asset is when it’s considered most valuable.
Current Lease Periods and Terms
The best time to realize maximum value is shortly after a property’s tenant leases have been renewed…for long lease periods of 10+ years. By doing so, the property guarantees a steady stream of secure income over the long-term, which is exactly what is every investor is looking for.
Beyond the lease period it’s also important to…