Best Ways For Selling Commercial Real Estate In Denver, CO - PowerPoint PPT Presentation

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Best Ways For Selling Commercial Real Estate In Denver, CO

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Commercial real estate investment isn’t the easiest endeavor, but that doesn’t mean it can’t be one of the most profitable ones you take on this year. Website - professionalcolorado.com – PowerPoint PPT presentation

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Updated: 16 May 2022
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Title: Best Ways For Selling Commercial Real Estate In Denver, CO


1
Best Ways For Selling Commercial
Real Estate In Denver, CO
2
Market Strategy
  • Commercial real estate investment isnt the
    easiest endeavor, but that doesnt mean it cant
    be one of the most profitable ones you take on
    this year. The following tips will help you sort
    through your commercial real estate in Denver and
    make smart decisions about which properties to
    buy and which ones to pass up. Make sure you are
    well versed in these areas before you begin
    searching!

Denver is a hot city for commercial and
residential real estate however, that doesnt
mean you should sell your home or property
quickly. You can get more money by taking your
time and targeting a specific audience. If youre
trying to sell your commercial property in
Denver, it helps to have a firm grasp of whats
currently out there.
3
Data Collection
4
Property Presentation
  • So youve already done some research on
    commercial real estate pricing and trends. Great!
    Now its time to get your hands dirty. Since the
    commercial property is a business investment, you
    need to think like an investor and make sure you
    thoroughly understand what your risks are before
    making any decisions. One way to accomplish that
    is by investigating each buildings financial
    history. RE Professionals offers a lot of great
    data but there are other sources as well (and it
    may be wise to use more than one). Get current
    information such as capitalization rates, rental
    rates, and occupancy rates.

Weve all heard that location is everything.
While it may not be true, it can be a deciding
factor when potential buyers are making their
final decision. When trying to sell commercial
real estate in Denver, Colorado, its important
to think about your propertys location and how
that fits into what your client wants. For
example, there are several different types of
commercial real estate in Denver ranging from
apartments to office space to retail outlets. A
grocery store isnt going to want anything but a
prime location and plenty of visibility if you
have an office building that faces away from
major roads or is tucked away on a side street,
you might struggle to find a buyer.
5
Legal Advice
  • One of the first steps to buying commercial
    real estate is creating an LLC. In short, LLC
    stands for Limited Liability Company. This type
    of business entity offers you several advantages
    that you wont get with a corporation or a
    partnership. The most notable advantage to
    forming an LLC is that it protects your assets
    from debts and liabilities of your business. For
    example, if you owned all of your property under
    your name and had 5 million dollars worth of debt
    to back it up then anyone could sue you
    personally for that amount and force you into
    bankruptcy should they win their case against
    you. Its important to remember that any assets
    held under an LLC are not separate from their
    owners but instead belong directly to them as
    individuals.

Marketing Ideas
To sell commercial real estate in Denver you
have to think of new and creative ideas to bring
people in. The most effective thing you can do is
make sure that all your marketing efforts are
planned out from start to finish.
6
Negotiation Skill
  • You need to know what youre going to say and
    how youre going to say it before you do it, or
    else things might not go according to plan. Here
    are some of our favorite marketing tips for
    commercial real estate in Denver, CO Thats why
    we recommend staying away from broad names (ie
    real estate agent) and instead of creating a
    name and identity around each service.
  • For example, if youre a commercial realtor
    and broker then focus on selling just commercial
    properties dont try to tackle residential at
    the same time instead, specialize! Then when a
    prospect looks online for commercial properties
    for sale in Colorado, theyll come across your
    page rather than someone who sells both
    residential AND commercial properties (which
    would be more like real estate agents). When
    prospects call you up theyll already know what
    theyre looking for they will almost always cut
    straight to their inquiry without having wasted
    time floundering around trying to figure out what
    they want.

7
Closing The Deal
  • If you want to sell commercial real estate in
    Denver, Colorado but arent getting any calls
    from buyers or investors, start thinking about
    your negotiation strategy. Decide how much youre
    willing to walk away from and how much you would
    accept. Set an offer and stick with it dont get
    tempted by a last-minute offer just because it
    will make both of you feel better. Make sure to
    have everything documented when buying or selling
    commercial property so that there is no question
    about who is responsible for which expenses and
    maintenance bills. This can save you some money
    when things go wrong.

Many people who are new to commercial real
estate fall into a trap believing that a
propertys value will skyrocket once it is sold.
When you think of buying and selling commercial
property, it may be tempting to focus on getting
top dollar at any cost. But while that isnt
always feasibleespecially if youre just getting
startedit can lead you to make rash decisions or
over-commit financially. And lets face it
nobody wants to sell a property for less than
what they paid for it. Instead of worrying about
maximizing profits on every deal, take more time
with each transaction and ensure you close when
your goals are metnot just when someone says yes.
8
Contact Us
  • Address - 10200 E. Girard Ave Suite B-230 Denver,
    CO 80231
  • Email - levent_at_professionalcolorado.com
  • Phone - (720) 229-2224
  • Fax - 720-294-0333
  • Website - https//professionalcolorado.com
  • Blog - https//professionalcolorado.com/best-ways-
    for-selling-commercial-real-estate-in-denver-co/
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