Title: Best Ways For Selling Commercial Real Estate In Denver, CO
1Best Ways For Selling Commercial
Real Estate In Denver, CO
2Market 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.
3Data Collection
4Property 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.
5Legal 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.
6Negotiation 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.
7Closing 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.
8Contact 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/