Commercial Property Search - Is It the Best Place to Find Buyers?
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Commercial property estate agents are often looked at first when conducting a commercial property search for approaches to selling your property. Superficially, this may seem the obvious solution - after all, many of those who have been looking to find commercial property, when first moving into the market, will have gone through a commercial estate agent.
But commercial estate agents will charge you a significant fee for their services. So it is a good idea to check out exactly what it is you will be receiving for that fee, and to consider what your other options are.
From the seller's perspective, commercial estate agents are primarily there to enable buyers to be directed in their commercial property search to your particular sale. This obviously requires appropriate marketing, so a commercial estate agent will place promotions for your property on their website's commercial property listing, as well as in relevant sections of local newspapers and magazines.
The agent will conduct a proper valuation of your property and then handle the process of screening interested parties, organise viewings and act as middle men in the final negotiations on price.
This seems like a reasonable amount of effort undertaken on your behalf, enough to justify their fee. So should your commercial property search for the best approach for your sale end here?
Maybe not - there are two factors here that may sway you to extend your commercial property search for sales options beyond commercial estate agents. Firstly, it is sad to reflect, but in all of the services the agents provide, there is plenty of practical experience of agents failing to perform adequately.
The valuation undertaken can be significantly less than the true value - both because the agents are trying to push a sale (and earn their fees), and because a sale on the open market inevitably leaves the seller at a disadvantage- buyers know that you need a sale. And when it comes to the sale itself, there is often tendency for agents to get in the way of a successful negotiation, delaying, or sometimes frustrating the process.
Secondly, estate agents are facing a fundamental problem with the state of the market at the moment - a distinct lack of buyers. The commercial property market is being constrained by a lack of credit available for potential purchasers, and also by a lack of confidence in the direction the market will take over the next twelve months.
Many analysts expect a significant downwards move, in the light of worries about a 'double dip' recession. The agent's role as a commercial property finder of buyers is therefore compromised - many agents may not be willing to take on your property unless it is in a prime location, and of impeccable credentials, in terms of the current tenants.
So how else can you find buyers? The answer is quite simple - let SellMyCommercialProperty buy from you directly.
SellMyCommercialProperty are a new direct buy company, with substantial monies available for immediate purchase of commercial property. We are able to move in quickly with our professional valuation team - so you avoid a long process of negotiation over your sale. Because we are conducting a private transaction, we are able to pay the proper and fair price for your property. And there are no agency fees charged with SellMyCommercialProperty- and you avoid inconvenient viewings. So get in touch with SellMyCommercialProperty and end your commercial property search for hard to find buyers.
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