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3 Costly Mistakes People Make when Selling Commercial Property

1. Sellers neglect to have an estimate of the market value of the property done, thus risking financial loss and/or delayed sales.

Whenever you are selling a commercial property, it is always important to have a
market value estimate of the real estate done at the beginning of the sales
process. Sellers often mistakenly consider a real estate appraiser‘s opinion as an
adequate estimate, but it simply is not suitable for sales purposes.

2. They sell their property on their own, or in cooperation with unverified brokers

If you have the necessary knowledge of the law, finance, business, and real estate, and
personal experience with at least dozens of commercial real estate sales, you can
successfully sell your property on your own.  You' ll probably find a prospective buyer
with whom you can successfully complete the deal.
You will not be able to be too choosy, however… it is likely that there will be only
a single buyer who will be able to demand a 5-15% discount. Making such
concessions is often unnecessary. When you rely on an experienced broker, they
will not only find you a suitable buyer, but in most cases, they will provide you with as
many as 3-5 buyers within a relatively short period of time, all willing to pay the full
purchase price. In the end, for you, such a scenario can mean that you close at a
purchase price higher than you were originally asking for.

3. The 3rd mistake is to underestimate the importance of the preparation of contracts and other documents

A frequent complication in the sales process of commercial or residential real estate
is to underestimate  the importance of the final form of contracts and other
documents that are tied to the sale. Their preparation should be done particularly
carefully, paying attention to any possible problems that can develop, and taking the
current legislation into account. The risk of complications when changing ownership
of the property is relatively high, so it is necessary to have a well-developed
" reservation contract" which must actually represent an " agreement regarding the
the future purchase agreement, and, of course, the purchase contract itself.

Do you have a commercial property for sale?

Magna Enterprises LLC 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 info.

How to Sell Commercial Property Fast Here are the Tips:

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
 Your title report may take anywhere from 7-10 days to arrive, so it’s critical to
get this done today.

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.

Still confused about how to sell your property fast and hassle-free call MAGNA
ENTERPRISES LLC at (310) 734-4044 or Email your queries at shawn@magnaenter.com, We
can close all cash in a maximum 10 days

How to Sell Your Commercial Property Faster and at a Higher Price

In recent years, the transaction volumes of commercial properties has gone up in the United States. Deal volumes are increased sharply over the first quarter, especially when compared with the first quarter of last year. It was primarily due to strong investor interest in commercial properties.

The process of selling commercial property involves much more than simply making a sign and taking some photos.
Knowing your potential buyers and marketing the property can be challenging tasks. To make sure your listed property sells quick, Below are a few tips:

Compare Other Property Values to Yours.

Be Realistic in Your Demand and Your Pricing.

Prepare Your Documents Before You List Your Property.

Choose the Right Places to Market Your Property.

If all this seems too much and you want to get the highest value on your property, there is an easier way.

Magna Enterprise 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 info.

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.

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