Things To Consider When Selling Your Office Premises
- July 10, 2017
- Business Services
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Are you planning on selling your office premise? It may be that you’re selling for liquidation or it may be that you’re selling for relocating. Whichever the reason, the important thing is to get the best possible price for your space. This can be a very a tedious and impatient task but not impossible if you follow these tips.
Set a price
You will need to set a fair price. For this you will have to check the market price for the land value and then add up the cost of the building to it with a mark up. However, the easiest and much practiced method in modern times is by listing the property through a real estate agent and getting their input on the prospective price. Make sure that the price is viable and will sell in the market.
List it all over
Make sure to list your property all over. Don’t only list it with a single real estate agent; rather list it with at least a couple. This will give you the ability to choose the buyer. Also if you list it in the newspaper and the internet on social media sites you will have greater exposure to the end buyers. This will cut off the middle broker fee and give you a much better price. Most of the quality commercial rental premises are also listed on almost every media to omit the middle man.
Include some offer
Instead of simply listing a premise for sale if you state commercial property for sale in Hong Kong with free furniture you are bound to get a better response to the Advertisement. The more attractive the advertisement the more buyers you will get. More buyers mean you have more options and also you can also hike the price because of the many offers. You can might also find someone willing to pay the entire amount in one go.
You need to see how your business will be affected by selling off your current office location. If it is for liquidation it will have little or no impact. But if you are still planning on continuing operations then you will need to consider some of these factors. Your employee’s ability to access the new location, other stakeholders like suppliers and customers should be informed of the sale and their convenience taken into consideration.