When selling a commercial property, particularly during these tough economical times, you can never prepare enough. But what steps should you take to successfully sell your commercial property? 
Movehut has put together a quick guide to help sellers.
Firstly you should consider whether to sell your commercial property through an estate agent, private sale or via auction. There are pros and cons to each one, mainly to do with money. But if you try and sell your property privately you will not have any expert knowledge to assist you with the sale. Using an estate agent and selling via auction may be pricey, but you will be proficiently guided along the way by people in the know and all the fees will be made visible to you before you sign any agreement.
After deciding which method to use to sell your commercial property you should decide when is best to actually sell. To do this, you should consider what stage you are currently at in the commercial property market cycle. There are four stages in the cycle, they are; Recession, Recovery, Expansion and Contraction.
After deciding when the best time to sell is, you need to decide at what price to advertise your commercial property. It is worth asking a number of different estate agents to come and value your property so you can determine the best value to advertise it at. You could also conduct your own research on similar properties that have sold in the area and what commercial properties are currently on the market. By comparing your property to those, should give you a rough idea of the price you are likely to sell at.
After deciding how to sell, when to sell and how much to sell the property for, you should consider how to market the property. Will you have a sign board outside the property? Or will you just want to advertise it on the estate agents website (if you have chosen that route)? Also you should check if the estate agent uses any other advertising like newspapers and website portals, like Movehut to gain more exposure for your property.
It is also best to ask yourself how the advertisement looks to potential buyers. Things to consider include:
Once you have all the above in place, it is now simply a waiting game for potential views and hopefully a sale. You may have to negotiate on price, but that does depend on what stage of the commercial property market cycle you have decided to sell in.
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