There are many reasons why you would want to sell your commercial property, and 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 San Antonio investor.
Who Is The Buyer
Professional property investors in San Antonio, Texas typically close faster than traditional buyers, and usually pay full in cash. Traditional commercial property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and 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 thousands of dollars in savings.
The usual commission is 3% per side, so if you sell your property for $300,000, you would have to pay $18,000 in commissions alone! Professional 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 are a wonderful thing for out-of-state owners.
No Need To Prepare The Property
Professional property investors looking for commercial property in Texas 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.
Sell With Confidence
When you decide to use a professional property investor in San Antonio, Texas, 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.
Lower Your Risk
Selling to a professional property investor is extremely straightforward because they have been down this road before and they know how it works. 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 sales 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.