Commercial estate agents are the usual suspects, when it comes to helping with people’s ‘sell my pub’ requests. Presumably, they should be able to push your pub, into the right places, and so bring the buyers in, to check your premises out. After all, that is why they are being paid a fee, surely – so they should act in your best interest.
Estate agents do have a bad habit, however, of focussing on their own best interests – which is, to say, their fee. Too often, their clients come second, or third, best. Because the commercial property market remains difficult, with worries of poor returns scaring buyers off, agents have become a little more ‘creative’ than normal to make sales happen.
For a start, if they think trying to help you ‘sell my pub’ looks like a lot of work, with little hope of gain, they may decide to leave you off of their books. But even if they favour your request to sell my pub, be prepared for some strong-arm tactics, to get it sorted. They could push the valuation of your pub down, below its true value, or try to talk it down, when a buyer gets interested. Or they may even be involved in ‘double running’ – that is they take a fee from you, but also from a favoured in-house buyer, who gets a nice price for your pub. The estate agent gets twice the fee, and you end up nicely out of pocket- you may no longer need to ‘sell my pub’, but your sale will have cost you dearly.
The excuse for the agents, who are trying these practices on, is that in today’s market, buyers are scarce and getting scarcer. And many investors are indeed concerned, as to whether the business they take on, will be a going concern next year – especially when the economic news stories remain worrying. The papers are filled with worries over government cutbacks, the VAT rise and a possible ‘double dip’ recession.
What you would really wish for, is a buyer keen to buy now, who’ll give you a good price, with no hassle, and no fees. And SellMyCommercialProperty are the buyer able to grant you that wish.
We are a new company, looking to put our substantial funds into UK business property – that includes your pub. We will buy directly from you, and are able to act quickly. Our professional valuation team is ready to make an initial assessment within 48 hours, if you would like. We pay a fair market price, in cash, and remember – no fees. So if you want to keep all the value that you have earned when you ‘sell my pub’, call SellMyCommercialProperty today.