When Is The Right Time To Sell A Commercial Building?




Click Here To Watch The Video Blog

There are many myths and falsehoods on when the best time to sell any kind of property is. But simple, the best time to sell a property is whenever it benefits you! However, certain key factors can significantly enhance the sale value of your investment in real estate. 

The very best time to sell any kind of investment property is when the property is thriving, so what does that look like?

1.) Prime building condition: It's crucial to ensure that the property is in top-notch condition. This not only attracts prospective buyers but also creates a positive first impression. As they say, first impressions matter.

2.) Long term, established leases: The presence of long-term, well-established leases with your tenants can be a major influencing factor in how buyers perceive your property. Having all tenants on 5-10 year leases is far more appealing than shorter-term leases, such as 1-3 years.

3.) Property is 100% leased: This says to the buyer “No need to worry about finding tenants, they are already in place,” a huge and appealing factor to anyone interested in your property.

At times, it might seem challenging to sell a property that's generating consistent income with minimal hassle. However, the very attributes you desire in real estate – strong, long-term tenants and a well-maintained building – are the same qualities that prospective buyers seek. There will always be a demand for properties with these characteristics.

If you believe your property meets the ideal conditions for sale in terms of both its physical state and occupancy, please don't hesitate to reach out to discuss its market value and potential marketing strategies.

 Call 765-427-5052

Email bneihouser@shook.com

Comments

Post a Comment

Popular posts from this blog

The Family Meeting

  THE FAMILY MEETING   A family meeting? What is it and why would we need such a thing? Well, I am here to tell you that one day there will be a meeting with members of your family and you will not be there. The question is who do you want control of it. Will you or someone else be making the decisions?  Full disclosure, I did not come up with this idea. I read a blog with a similar theme written by a good friend of mine and was inspired. When I approached my wife with the idea of a “family meeting” she was reluctant at first, but as we talked through some of the topics I had in mind, she agreed that it was probably a good idea. When we tossed the subject out to our children and their spouses, they were intrigued and on board.  Let me explain the nature of this kind of “meeting” and why I believe it is so important.  A substantial amount of my commercial real estate business, mostly farmland, comes from families that have experienced the loss of a parent. ...
Read more

The Farmland Market & What it Means for YOU

Image
  The Farmland Market & What it Means for YOU When it comes to the Commercial Real Estate market, what kinds of properties come to mind? I bet I can guess: Retail, Office, and Industrial – The Big Three. However, there’s another sector of CRE that you might not think of immediately – Farmland. If there was ever a market that flew under the radar, it would be this one. While there might be little attention paid to current farmland/agricultural listing inventory, there’s even less paid to who’s buying it.    So, what is the current activity in the farmland market? Recently there has been much doom and gloom surrounding the agricultural sector, especially in the last five years. However, values have remained steady and seem to be trying to push upward again, despite all the negativity. What does all of this mean? How are values trending upward with so little visible activity?   What has been happening behind the scenes? Many agricultural operators have quie...
Read more

Shining the Light on Farmland Leases

Image
  Touching The 3 rd Rail: Farmland Leases   When you think of “top secret” information, what comes to mind? It might surprise you to learn that some of the most closely guarded information in the business world is not a password, account number, or safe combination, it’s Farmland Lease Rates. Bet you didn’t see that one coming. These lease rates are often set and then forgotten, never seeing the light of day again. Surprisingly, there is no clearing house of information or database of comps for landowners & potential tenants to research when trying to determine a lease rate. The agreed upon rates are, more or less, a shot in the dark and sealed with a handshake between friends. I could write a book after all of the issues I’ve helped landowners through when it’s time to renegotiate an existing lease or sell their property and the stories are always the same. Mr. & Mrs. Landowner have leased their farmland to an old friend for years and the lease rate has rem...
Read more