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5 tips for selling

5 tips for selling

PREPARING YOUR COMMERCIAL PROPERTY FOR SALE

A successful commercial property sale should accomplish three things for the vendor: gain the best possible price, suit your timeframe and minimise inconvenience. When placing a commercial property on the market, there are a number of things a seller needs to consider.

Here are 5 essential tips to help you navigate the selling process:

  1. Ensure your property has any necessary maintenance, repairs or improvements made before being placed on the market
  2. Disclose any defects in the property prior to sale to ensure you are not sued for damages and non-disclosure breaches under common law
  3. List your property with only one agent to avoid prospective purchasers ‘shopping around’ to negotiate a cheaper price between competing agents
  4. Ensure your property is marketed effectively to attract motivated buyers, with a focus on digital exposure across multiple channels
  5. You don’t need a contract prepared before your property is offered for sale. Contract payments should only be made once you’ve accepted an offer on your property.

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