3 Basic Steps to Selling Columbus, Ohio Commercial Real Estate for Sale
It’s not always easy to sell Columbus, Ohio commercial real estate for sale on the market. There are many elements to keep in mind, and a variety of factors to consider; and you can never be certain that you’ve examined every angle until the deal is already finalized. But there are a few things you can do to be sure you sell your commercial real estate quickly and with as little hassle as possible.
1.) Check the Comps
The first step is make sure that you check the comps. “What are comps,” you ask? Comps are the comparable properties for sale in the area in which you are trying to sell in. Basically, what you should do is start looking at other properties in the neighborhood. Find out how much they appraise for. You should also find out how much other similar Columbus, Ohio commercial real estate properties in your area have recently sold for, to get a general idea of how much you can expect from your property. Once you obtain all of this information, you’ll be able to get a better idea as to the current value of your property.
2.) Advertise Online
The next step that you should take if you are selling commercial real estate is to go online and start advertising there. According to the National Association of Realtors, 88% of real estate searches begin online these days, which means that if you don’t have your property listed there, you’re going to miss out on a great opportunity to reach a great deal of potential buyers. And don’t solely focus on real estate websites and directories. Online classifieds, such as Craigslist, can provide you with an audience of people who are looking for a good deal. And it’s always best to post images of the property in your online ads.
3.) Hire a Qualified Commercial Property Broker to Manage Steps 1 & 2
Most importantly, it’s always best that you find a qualified commercial property broker – who can also take care of checking the comps and online advertising. Brokers have access to databases and listing locations that you would not be able to obtain on your own. They can network with buyers, weed out people who they feel would waste your time, and guide you through all of the technicalities of selling a commercial property. Generally, brokers have an in-depth knowledge on the Columbus, Ohio commercial real estate market and trends; as such, they can help you get the absolute best deal for your location. Moreover, a commercial property broker can make the entire process smoother and less stressful for you.
Selling your commercial property is not easy, but it does not have to be daunting. Follow steps one and two, from above will get you on your way. However, follow step three and you should be able to sell your commercial property quickly, painlessly, and get the best price possible for your Columbus, Ohio commercial real estate for sale.