Quick Tips For Selling Commercial Real Estate Fast
If you’re currently in the business of selling commercial real estate and have an empty lot or building that just won’t move, you’re definitely not alone. This could even be an issue if you happen to be the owner of just one commercial property that’s proven to be a stubborn sell. Fortunately, there are several, simple tips that you can use to get things moving. Focus On Niche-Specific Clients Take some time to learn more about the complete history of the building or land space. Find out what it was used for in times past and if any of the original and industry-specific features still exist. You may find that the unique qualities of a facility make it ideally suited for a very specific type of business. These features could make it easier and less expensive for niche companies to set their operations up and make them compliant. If you haven’t been able to offload a property after several months, you probably need to learn more about its history. When targeting a niche, you should also make sure that you’re using niche-specific marketing platforms. Clean It Up, But Not Too Much Create a budget and then use it to improve property aesthetics and the overall usability and functionality of the space. When implementing a property improvement plan, however, take care to avoid over-personalizing the unit. Keep in mind that the more flexible it is in terms of how it can be used; the more attention it will be able to generate given its versatility. Make An Effort To Improve Conditions Outside Of The Unit While your renovations and repairs were probably largely focused on the property interior, you have to think about what people are seeing when they first pull up. Upgrade the exterior areas to enhance curbside appeal. Also, make an effort to upgrade your security plan for the building. Different strategies can deter problematic activities such as loitering and vandalism by simply letting the public know you’re watching. Large crowds of unauthorized people and a history of hyper-local crimes are both huge turnoffs to investors. Get Your Pricing Correct It is always best to price commercial and residential properties correctly from the very outset. Making price changes later in the game can actually stigmatize a listing and make prospective investors leery of it. If the property is unable to attract buyers at a specific price point, however, you may reach a time when it’s essential to start moving your numbers. Take the listing down entirely and utterly revamp your campaign. Do the necessary research for creating an accurate sales price, and then craft your listing to match it. Not only will this make your listing seem brand new when you put it up again, but it will also justify any changes that you’ve made in pricing for all buyers who happen to recognize your listing.
Yes, You Can Make Money With Cell Tower Leases
You can make money with cell tower leases. And best of all, you don’t even have to have a piece of property under your name to take advantage of such an amazing opportunity. Right now, virtually all cellular phone service providers are looking for ways to expand their network. Therefore, they would love to have you on their side. These days, they need all the help they can get. After all, some people have two or even three cell phones in their wallet, bag or pocket. People just can’t afford to not have a cell phone in this day and age. Even when they don’t use it, they still need it for security, such as being able to dial the authorities in case of an emergency. That’s why even seniors should be carrying cell phones these days. And the cellular communications businesses are only too happy to oblige. Yes, Virginia, there are cell phones geared towards the elderly market. They are easier to operate since they have a much simpler interface with those big fancy buttons and clearer screen contrasts for maximum visibility as well as readability. So how can you cash in on these amazing opportunities? It’s really simple. If you have a relative or an acquaintance who owns a piece of property with a sizable space from which to erect a cell tower, it’s time start being all nice and cozy with that person. He or she could be your goose that lays the golden egg. If this individual happens to be your grandparent, chances are, you’ll spend way less time with the convincing to generate more revenues for the farm or property. After all, the person’s family and would only love to share the wealth. Even if you don’t have friends or blood relations who own a piece of land, there’s still your neighbor or local business to approach if they have not taken advantage yet of the cell tower gold rush. Believe it or not, there are still many people in the world who don’t seem to realize that a cell tower really doesn’t need too much space on which to stand on. And worse, that amount of space could have been idle for a long time. Really, these individuals will need your help to realize that money can grow on trees with your kind assistance. Just don’t forget to get them to sign a contract just in case they renege on their commitment in the future. Verbal-only agreements just won’t do in this case unless you’ve got a thing for throwing cash down the drain. So don’t feel so bad if you have no property of your own. All you need is a good horse to ride, as the saying goes.