Costly Mistakes the ‘Commercial Real Estate’ Sellers Make

While selling commercial properties a broker needs to be careful.  While there are some problems that are outside the control of a seller, there are other mistakes that the seller can avoid by all means. Here is a run-through of the common expensive mistakes the ‘commercial real estate’ sellers make and ways to refrain from making them avoid impacting your business.

·   Ignoring the Tenant Defaults: One of the common mistakes the brokers make is not disclosing the defaults of the tenants. Before you sell commercial property in DFW you must look into the fact that all the rent payments are done by the tenant. However, the buyer would come to know about all these issues. Thus it is better to disclose them beforehand to avoid jeopardizing the deal.

·     Improper management of the Financial Records: It is the responsibility of the realtor to advice the client on ‘tax return’ for the previous year before selling the property. Avoid the temptation of piling on the expenses for eliminating the taxable income. You must even classify properly your expenses.  Depreciate the tenant improvements as well as the capital expenses. 

·     Overpricing Your Property:  It is not easy to determine the ideal price for your commercial property as all properties are unique. Every submarket and market has various buyer demands which are not evenly spread across the different property types. It is foolishness to charge an exorbitantly high price of a property as that would discourage initiation of any conversation with the buyers. Thus you must be honest about the asking price you set for your property after researching the market thoroughly. You must fix the price 10% more than the range of sale price you expect.

Thus for selling your commercial property at the best market price, you must higher the services of competent commercial real estate brokerage company. One of the reputed brokerage companies is TAG Industrial. We have a remarkable team of professionals that comprise of the industrial analyst, research analyst, market coordinator, director of the strategy, financial analyst etc. Our professionals work as a team to sell commercial properties at the best price. You may avail our services to sell your property at a good price.