Selling your commercial property to a real estate investor is a good way to get that extra cash, or to simply get rid of a property that you no longer want.
There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to a Milwaukee investor.
Understanding the Buyer
When you sell to professional property investors in Milwaukee, Wisconsin, you can close the sale much faster than when working with traditional buyers. Also, you will be paid in cash. If you are selling your house the traditional way, the buyer will usually have to be qualified from the bank, and you will have to undergo property inspections, mortgage underwriting time, and all of that without any guarantee that the buyer will qualify! Also, there are no commissions paid to a real estate agent, so you will also save money. The normal commission is 3%, so if you do the math you can see how much you’d lose. In most cases, property investors also don’t charge transaction fees; and even if they do, they are really low compared to the other expenses you’d have if you’re selling your commercial property the traditional way. There is even an option for mail-away closings, which is a great thing for owners who are out of state, or hit by the COVID-19 pandemic.
No Preparation Necessary
Professional property investors in Wisconsin will usually purchase commercial properties as-is. As a seller, this means you do not have to worry about 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 a truly as-is transaction.
Professional property buyers buy property to use it as an investment. In other words, they are not expecting to move into the property as soon as the sale is closed. Property investors usually allow a fine timeframe after closing to allow the seller to relocate at a speed that is good for them. This is extremely helpful if you still haven’t found a place to move to. Also, there is usually no need to clean the property. Just pack your personal belongings and you are good to go!
Sell With Confidence
When you decide to use a professional property investor in Milwaukee, Wisconsin, 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 your property. You don’t have to worry about your business or tenant’s business clean and orderly, 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 which furniture your tenants are taking and what they are leaving.
Selling to a professional 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 property buyers already know the state of the property, and they are willing to take on that risk without any requests for repairs.