WHEN IS THE BEST TIME TO SELL MY
COMMERCIAL PROPERTY / BUSINESS?
James Doble of specialist Commercial Estate Agents, JD Commercial, explains that this is a question he gets asked by most clients. He goes on to say that “although there is no right or wrong time to sell, there are definitely times of the year where there is uplift in market activity and property enquiries. A good example is Autumn time. Purchasers look to agree transactions in time to move in before the Christmas trading period or the New Year to give them time to settle into a business and put their own mark on their new property. Regardless of the time of year, preparation prior to going on the market is key. This could be anything from ensuring your commercial property / business looks presentable, to having the latest accounts prepared. All of these details are discussed in the first meeting with our clients, when we provide them with a full marketing appraisal which not only includes pricing advice but also recommendations to achieving the best possible price in the current market.” It is not just the process of attracting a buyer or tenant where employing a specialist Commercial Agent is important as “once a buyer or tenant is found this is often where the harder works starts. For a sale to proceed quickly and smoothly, many other factors need to be taken into account as often buyers will have an accountant, bank manager, solicitor and surveyor employed on their behalf. It is vital to know what each party should be doing and when, otherwise “log jams” can occur, which often not only cost time but also money and stress. We understand that regular contact with clients, purchasers, and the related professionals, assists a trouble free transaction.”
As a company, JD Commercial sell and let commercial property and businesses throughout the South West, with James Doble heading up the firm having been involved in the Westcountry commercial property market for the last 15 years. All types of commercial property are handled by JD Commercial from Hotels, Pubs, Tea Rooms, Self Catering Complexes and Business Transfer, to Offices, Retail Shops, and Industrial Units. Whether you wish to discuss any aspects of buying or selling they can be contacted on 01237 424053 or via www.jd-commercial.co.uk.
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