Category Archives: Uncategorized

Things You Should Know About Selling Your Commercial Property To an Investor

Understanding the Buyer

Professional property investors, typically close faster than traditional buyers, and usually pay full in cash. Traditional commercial property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end

No Preparation Necessary

Professional property investors will usually purchase commercial properties as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on
Sell With Confidence
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.

No-Risk

Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional property buyers already know the state of the property, and they are willing to take on that risk without any requests for repairs.

Magna Enterprises can purchase your commercial property all cash and close in
10 days! Call us at (310) 734-4144 or email shawn@magnaenter.com for more
information

How to Sell Commercial Property Fast

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

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 the commercial property quickly, identify the steps that take the longest and complete those first.

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

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 10 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.

Magna Enterprises can purchase your commercial property all cash and close in 10 days. Call us at (310) 734-4144 or email shawn@magnaenter.com for more information.

Test Blog

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.