East Texas Commercial are experts in East Texas that specialize in Multi family commercial properties. We will sell your commercial property quickly and for TOP dollar. We maintain current networks, adeptly navigate system intricacies, and process paperwork efficiently, giving you the best chance to sell your commercial property fast.
#1. Order title to sell your commercial property fast Call your real estate attorney and order your title immediately. Your title report may take anywhere from 7-10 days to arrive, so it’s critical to get this done today. To sell commercial property quickly, identify the steps that take the longest and complete those first. Not all real estate attorneys respond in a timely way. Top commercial real estate companies work with attorneys who will respond immediately and treat your commercial property as a high priority. Contact a MANSARD broker, if you would like to learn more about real estate attorneys in New England who will put your commercial real estate sale first. Receiving your title in a timely manner will bring you one step closer to selling your commercial property fast.
#2. Sell your commercial property quickly with updated environmental reports Update your environmental survey, if it is older than 6 months. Any well-paying buyer will want to ensure they’re not buying an environmental nightmare or taking on responsibility for unknown problems. To help sell your commercial real estate fast, provide an environmental report that is current, complete and accurate. When you make it easy for buyers to identify environmental risks and rewards, you remove the barriers of time consuming questions and negotiations that can reduce your chance to sell commercial property quickly. These reports can take up to 21 days to be delivered. The sooner you update your report, the sooner you’ll be in a position to close on your commercial property.
#3. Provide service history list to sell commercial property fast Pull together all available history of HVAC, roof, parking lot, window, plumbing, electrical, elevator, and life safety replacement. Also include comprehensive service history records. Providing a list of all utilities and repairs demonstrates to buyers that past issues are clearly documented and this history will be available for reference when future services are needed. How will this help you to sell commercial real estate fast? This one’s third on the list because it will help you sell commercial real estate to a buyer that can quickly understand what they’re taking on. Buyers who are ready to purchase want information about service updates so they can estimate how much they will be spending on repairs or replacements in the future. The more organized your service history is, the easier it will be to refer to your documentation and quickly answer questions from buyers.
#4. Organize rent roll, profit and loss statements Organize your rent roll and prior 2 years of profit and loss statements. If you have tenants in the property, your rent roll will define the length of term remaining on their leases. Make it easy to identify other sources of revenue from cell towers, solar arrays, and signage. Selling commercial real estate fast requires buyers to accurately calculate potential profit and loss, in a short period of time. Buyers will want to complete a cost-benefit analysis of this potential purchase, taking into account current market conditions. The expenses listed in the profit and loss statements will demonstrate to your buyer how the annual operation of the commercial real estate works. When a buyer can quickly understand the profit margins to be gained, they will be motivated to complete the deal in a timely manner.
#5. Choose a cash price to sell commercial property fast Set a cash price and with this information, you’ll be able to close in as little as 5 days. Beware and be careful if your buyer plans to place financing on the property. Unless the financing is private money or bridge capital, your buyer will need time to complete an appraisal, loan committee review, and the paperwork necessary to close the loan. This process could take up to 30-60 days to complete. Selling commercial real estate fast typically involves attracting cash buyers who are already prepared to make a Commercial Property. You can sell commercial property quickly with minimal negotiations when your cash price is predetermined.