There are many reasons why you might be wanting to sell your commercial property, and you the good news is that you have different options for selling. You could use a traditional real estate agent, you could try to sell your commercial property by owner, or you could be selling your commercial property to an Dallas investor.
Understanding the Buyer
Professional commercial property investors in Dallas, TX typically close faster than traditional buyers, and usually pay in cash. Traditional commercial property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time also known as due diligence ,and after all that, the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means it’s possible to save thousands of dollars by selling it yourself.
The usual commission is 3% per side, so if you sell your property for $200,000, you would have to pay $12,000 in commissions alone! Professional commercial property investors also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which can be helpful for out of state owners that can participate in closing remotely.
No Preparation Necessary
Professional commercial property investors in TX will usually purchase commercial properties as-is. As a seller, this means you do not have to worry about making any repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections when selling your commercial property, which makes it truly an as-is transaction.
Extended Occupancy
Professional commercial property buyers are in it for the investment. They are not expecting to move into the property on the day of closing. Most property investors will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the property when you leave. You can pack up your things that you’d like to take with you and leave the rest.
Sell With Confidence
When you decide to use a professional commercial property investor in Dallas, TX, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show the property. You don’t have to worry about your business or your tenant’s business being clean and orderly everyday throughout the selling process, just in case there is a showing.
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over what fixtures you’re planning on taking or leaving.
No-Risk
Selling to a professional commercial property investor is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood.
Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional commercial property buyers already know the state of the property, and they are willing to take on that risk without any requests for repairs.