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Selling Commercial Real Estate: What an Agent Can Do for You Good real estate agents work so hard to earn their commission, but for a seller, they provide time and energy savings, as well as spare you from the anxiety of waiting for a good buyer. If you’re planning to sell a commercial property, the following are the things an agent will do for you: Proposing an Appropriate Listing Price Agents can readily pull out important information on sales of comparable properties, and will propose a list price which, to their expert opinion, can best attract buyers. Remember that setting a higher price is advantageous to an agent because they can also pocket a higher commission. So if the price they set is lower than what you’re expecting, they’re probably being realistic, or they may be rooting for some competitive bidding. If your property stays overpriced, it may just sit there and become totally uninteresting eventually.
Lessons Learned from Years with Sales
Setting Up the Property for Sale
What You Should Know About Resources This Year
A good agent will suggest making improvements to your property so it looks more impressionable to buyers. Depending on the market and your budget, the agent may recommend hiring a stager for this purpose. Furthermore, they can provide referrals to painters, carpet cleaners and other workers you might need for the staging process. Promoting the Property Whatever you’re trying to sell, including real estate properties, you’d like to shout it to the whole world. Your agent will usually take pictures of the property, both inside and out, write an ad copy, and run some ads where it will gain the most exposure. Most probably, they will also hand out flyers, hold open houses or do anything they think is appropriate to give your property even more mileage. Providing Proper Disclosures to Buyers In most cases, you are required to tell potential buyers any known problems there may be with your property. The agent will discuss all state and local rules for disclosure as well as provide any necessary forms. If you’re uncertain about what should and may note be disclosed, you can always talk to a lawyer. Evaluating Offers and Negotiating a Deal Hopefully, your agent gave you effective advice in terms of price, staging and marketing your property, and you will have at least an offer or two on the table. Your agent will review them for you, especially contingencies like buyer financing and inspections. Areas of concern on the offer will be explained to you by the agent, and you will be advised on the right way to respond to the offer. Lastly, if you think the offer is good, the agent will begin working out the final deal and ensure that all is done before the closing date.