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:
- Ensure your property has any necessary maintenance, repairs or improvements made before being placed on the market
- Disclose any defects in the property prior to sale to ensure you are not sued for damages and non-disclosure breaches under common law
- List your property with only one agent to avoid prospective purchasers ‘shopping around’ to negotiate a cheaper price between competing agents
- Ensure your property is marketed effectively to attract motivated buyers, with a focus on digital exposure across multiple channels
- 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.