Selling Long Island commercial real estate can be a daunting task. There are a lot of properties in the market today and it is a must for your property to be at its best in order to sell itself. You will also need to get a lot of guidance from people who already have experience in real estate. This is important because residential properties are easier and quicker to sell than commercial properties. This is primarily because not everyone wants to put up their own business but everyone needs a home.
Here are a few people you should consider contacting if you’re thinking of selling your Long Island commercial real estate :
1. An agent
It is important to consult with a select few agents before actually hiring one. There are a lot of agents out there but not all of them can give you what you specifically want. Therefore, it is a must to chat with prospective agents in order to end up with the one that suits you and your needs more. It is a good idea to take note of their experience. Don’t just look at the number of years they’ve been in the industry; remember to assess their experience in dealing with properties in your area. It is also important to ask them to give you marketing plan options beforehand so that you can choose the best marketing plan to sell your property.
2. Financial Advisers
It is highly important to talk to your financial advisers if you plan on selling. In case you don’t have one yet, make sure to choose a good adviser that is experienced in the type of transaction you are planning to undertake. If you already have one, make sure to assess all the possible costs that will be needed to make the sale viable because you will have to improve the property and satisfy a lot of legal requirements before you could actually sell it.
3. Professional Contractor/Builder
You also have to consult with a professional contractor or builder that specializes in Long Island commercial real estate. He should know very well the area where your property is located. He should also know the particular features and amenities that attract investors to the area. Potential buyers should be able to envision themselves living and breathing in your property. He could give you an idea of how to improve it similar to that of home stagers. He will be able to give you advice on how to make your property more appealing to buyers. This includes advice on structural improvements to make the property more appealing. A few improvements here and there can actually drastically improve not only a property’s overall look but its market value as well.
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