Things to Know Before Selling Your Property Investment

uk propertiesWhile selling a property investment sounds like a straightforward task, the execution isn’t as simple nor is it glamorous. It’s a job that requires a lot of work but when done right, it can bring forth astounding results. Read profits.

Now while it’s not easy, it’s likewise not an impossible mission. It just requires some extra effort and knowledge. That said, here are some important things to note before you sell your property investment.

  1. The Property

Of course, you need to understand your property investment like you would your own child. You need to find out what it needs and how best to provide for and answer to them. There’s the whole taking care of and maintaining it to preserve not just its functionality but likewise its value. Besides, you can’t exactly sell something you’re not familiar with.

  1. The Market

The real estate industry is vast and it can be overwhelming. Add in factors like legal requirements, state of the economy, audience purchasing power and the like can make everything more complex than it already is. This makes it all the more important for sellers to learn and educate themselves about the goings on in the market and more so about how the industry of real estate works.

  1. The Audience

Identifying your target audience is necessary because this will spell a lot in terms of the marketing efforts chosen. We need to direct our message to the right people otherwise they will be in vain. Additionally, this will help us better fine tune our efforts and preparations for the sale. Keep in mind that property investments can have varying audiences and buyers so make sure to understand their demographics well.

  1. The Competitors

Check out similar assets in the market. Be aware of adjacent and nearby properties that are likewise for sale or for lease. This should give you enough heads up as to who you will be competing with and how they price their offers in comparison to yours. What do they offer that you don’t? What’s your edge? You’ll have to find out.

  1. The Costs

Selling your property investment can be lucrative but even if it is, don’t expect it to be free. There are expenses that go with the sale. Remember that prepping it up, advertising its availability, staging, repairing, updating and so on will incur some costs and you need to put these into account when establishing the selling price of the offer. Learn more here

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The Secret to Succeeding with Commercial Properties for Sale London

Commercial Properties for Sale LondonYou may have succeeded at selling lemonades at the fair when you were eight but this doesn’t guarantee success in business a decade and a half later. While some people may seem like they’ve had it all figured out thanks to sheer talent, trust us they don’t. Especially not with real estate and commercial properties for sale London. These goods are far beyond your childhood lemonade stand.

Moreover, fixed assets are bigger and riskier. Contrary to popular belief, they’re not the easiest to sell either and even a sale doesn’t guarantee good returns. It’s more complicated than that. The fact alone that not everyone does it is proof enough of how demanding it can be. Still, it’s a promising and lucrative way to go so the brave go ahead and try their hand at it. Many of today’s most successful of business people and entrepreneurs have traded commercial properties and more. So what’s their secret?

  • They make it obvious and they make it big. – The most blatant form of advertising and one that’s been in the books for time immemorial is a signage, a big block with the words “for sale” in bold and red letters. It may be an old trick but it still works and it comes cheap too. Its deliberate and straight to the point nature effectively communicates the message without having to break the bank.
  • They know how to work it with the neighbors. – Selling commercial properties for sale involves identifying the market and most often than not the market comes so close to home, so close as in they’re literally the neighboring establishments. What many fail to realize is that businesses are always open to the idea of expansion so it’s never a bad thing to tell nearby businesses about the sale.
  • They prep it and they mean it. – Nobody wants a dingy property even for dirt cheap. It screams work and expenses and even possible losses. So the pros do what should be done. They prepare the commercial properties for sale by performing all the needed repairs, maintenance and upgrades. They clean it up and remove all clutter from the inside out, interiors and exteriors, roof to the curb and vice versa. Besides, it would be an absolute shame to have interested buyers come in only to find that the asset isn’t in good condition.
  • They depersonalize the space. – Removing all signs of the previous users and tenants not only makes the assets more appealing but it also helps increase their value. Successful investors know that as much as staging can help buyers imagine themselves in the space, remnants of previous occupants do not.
  • They advertise effectively. – Since commercial properties for sale will not sell on their own, marketing plays a crucial role in communicating the deal and tapping the interested market. there are many methods out there like newspaper ads, website banners, social media announcements, online property listings, auctions and the list goes on. Find the best channel that suits the asset’s target market for best results but keep things within budget still.

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Never Do These During Property Auctions

AuctionProperty auctions have risen in popularity for the past years and for good reason. It comes with major perks and benefits not just for sellers but even for buyers. But we’re not here to talk about those. That’s a story for another article. Today, we’re here to establish what you should not and never do at these real estate acquisition events.

  • Never come without financing. Property auctions often require a down payment right then and there. After winning a bid, you will be asked to pay for the upfront costs and the remaining balance shall be payable in the next 28 days or as the term of the contract stipulates which is often a tight and short payment period. Additionally, real estate costs a lot and it takes time to pool and/or arrange for these resources so preparing one’s financing ahead of time is not only advised but required me.
  • Never miss out on research. See to it that you run a background check on both organizers and properties. The auction house likely has a website or even if they don’t, information and reviews about them should be available on the internet. See to it that you read up on those. Familiarize yourself with the processes too as each organizer is different from the next.
  • Never forget to visit the property. Researching about them is one but seeing them for yourself is another. Both are equally as important. Why bid for something that may not be worth it after all?
  • Never come in late. You want to get a good grip of yourself. You’d want to observe the environment and see who you are up against. Coming in early should give you enough time to look around and pace your strategies.
  • Never show your cards. Keep your plans (e.g. which properties you’d be beidding on and how much you are willing to shell out for them) to yourself. Don’t divulge them to both sellers and co-attendees as they can use that against you.
  • Never let emotions rule above logic. Property auctions are highly competitive and intense platforms that trade real estate assets. So much is at stake both for sellers and buyers and one should make it a point to keep one’s head above one’s heart. Sometimes, you might feel like engaging in a bidding war without realizing that you’re doing it for the thrill or you’re going beyond budget. Don’t.

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How to Put up Retail Investments for Sale

retail-investmentAs an investor and a real estate entrepreneur, you need to know how to sell your product. It doesn’t matter if you’re already a seasoned one or are practically new to this. There are simple pointers, tricks and hacks that can help you put up your retail investments for sale in the best way possible thereby creating bigger returns and faster transactions. How do you achieve that? Take a look at the list below.

Know your assets.

You cannot effectively sell a product that you are not fully knowledgeable about. You need to know every tiny detail about it from its useful life, current market value, ongoing costs, construction history, building materials, architectural design, location dynamics and the list goes on.

Determine and get acquainted with your market.

Depending on the combination of features that your retail assets have, it can cater to varying markets and niches. Once you’ve drilled down what those are, be sure to know all there is about your target audience especially in terms of their preferences, lifestyles and actions. This way you get to better reach out and interact with them eventually ending up with a sale.

Find your best marketing channels.

A property no matter how great will cease to be valuable if people do not know about it. Scout for the available marketing media and match that to the preference of your target market. You have to reach your audience otherwise your asset never see the light of day.

Keep the property at tiptop shape.

No one wants to buy a forlorn and defunct retail property. No entrepreneur is crazy like that. Keep in mind that people want to make the most out of every penny they have and no one will even pay your assets a first look if they are too shabby beyond repair. So go ahead and clean up the front lawn, repaint the walls, make upgrades and renovate as needed. Just keep in mind that everything you do should add value to your asset for great returns.

Fix the papers and documents.

Putting up your retail investments for sale is not the same as selling lemonade by the sidewalk. It has a lot of paperwork and legal requirements. You have a contract or the deed of sale to begin with, titles and not to mention the asset’s blue print among others. A buyer wants as less hassle as possible and if you want a sale you’d cater to convenience for them.

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