Things you should know when selling winnipeg commercial real estate

When selling winnipeg commercial real estate it is important you understand the process and the differences between commercial and residential. The mindset of a potential buyer is the profit of their investment. The best thing you can do as a seller of commercial property is make the offer as attractive as possible to compel the potential buyer to invest. Here are a few things you need to know when selling winnipeg commercial real estate.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale in winnipegTargeting the proper audience

One of the most important things when selling commercial real estate is targeting the right buyers. Not every investor is going to be convinced that your property is the right investment, so you need to find and target the ones that do. Make sure you work with experienced brokers and agents as they will know how to attract the audience and buyers that will be interested in your winnipeg commercial real estate for sale.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale in winnipegCome up with a game plan

Once you have found an interested buyer and you are close to closing the deal, you need to have the right strategy and game plan to make the transaction as easy as possible for the buyer to reach their investment goals. This is why it’s so important for you the seller to understand the mindset and goals of the buyer. Always discuss the goals with the potential buyers and discuss the things about your commercial space that will benefit them in the future.

Work with your agent to also come up with a marketing package you can provide the buyer about your winnipeg commercial real estate property. Include the qualities of the business and a property evaluation, this will help to work with the buyer to come up with the best sales strategy.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale in winnipegNegotiating the Sale

Once the buyer has committed to the sale, both the sellers and buyers should sign a confidentiality agreement, and once that is done you can move on to the inspection of the space and other negotiations. The success of this part of the process depends on the strategy you have put forth, as per the point above. Throughout the process of selling commercial property for sale in winnipeg there are going to be offers and counteroffers, working together with the buyer and coming up with compromises and coming up with an agreement will make sure the goals of both parties are met.

Those are just a few things you need to know when selling winnipeg commercial real estate. For more information contact RE/MAX professionals Commercial today!

5 tips for Buying Winnipeg Commercial Real Estate

These days investing in real estate can be very costly, and business owners need to be very careful through every step of the process. Without coming up with a proper game plan, owners can face many challenges, such as inadequate financing, construction and renovation costs, etc.

Although costs of real estate have gone up in the last few decades, business owners are still better off buying winnipeg commercial real estate. This way you will avoid unexpected rent increases, but your property may increase in value as well.

Here are 5 tips on what makes a successful commercial property for sale in winnipeg investment.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegUnderstand the Winnipeg real estate market

Before moving forward with purchasing Winnipeg commercial real estate, buyers need to be aware of where they are buying. All local markets have their own tax rates, land inventory and environmental issues. Also consider the construction and services in the area.

 

 

Consultation

You should also consult an accountant before making the decision to purchase. Work with the accountant to come up with a budget that also includes all hidden costs that may pop up. Also make sure to go over tax implications with your accountant as well. Make sure to work with an accountant who knows the real estate industry through and through.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegGet your finances in order

Getting approval for winnipeg commercial real estate isn’t an easy task. Bankers will want to see all of your financial statements and profits from your company. These numbers will be vastly important on determining whether you are able to get the loan you want. You should also shop around to find the best financing packages. The percentage of the purchase financial institutes are willing to offer you are one of the most important things.

Layout Planning

Whether you are purchasing an existing space or just renovating the space, the layout of the building has a huge impact on your companies efficiency. It is wise to hire a professional who can advise you on how to layout the space in the most efficient way.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegChoose quality builders

Now that you’re ready to make the changes to the space you will want to make sure you hire quality builders. Make sure to pick the company with the most experience, the most efficient, and knowledge of the industry.

Those are just a few tips for buying winnipeg commercial real estate. For more information contact RE/MAX professionals Commercial today!

Benefits of Buying Winnipeg Commercial Real Estate

Commercial real estate is a long-term investment but can have many benefits in the long run. If you’re interested in investing in commercial real estate in Winnipeg, here is a list of the benefits that might help to make your decision a little easier:

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegEquity Upside

The great thing about buying commercial real estate in Winnipeg is that your monthly loan payments help you build equity. That is because a portion of the monthly payments go towards your principal loan. When you decide to one day sell your commercial property, you can extract the difference between the remaining loan amount and the market value as equity for the business.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegAsset Appreciation

Owning commercial real estate also allows you to take advantage of asset appreciation. This appreciation represents the increase in the value of your property over time. When you eventually sell your commercial property, you earn capital gains equal to the difference between the purchase price and the market value.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipegPotential to Rent

Companies that invest in commercial real estate generally take up to about 50% of the space. The good thing about owning your space is you can rent out the remaining empty space. There is a lot of potential in boosting your income and helping pay down your loan when renting to tenants. The only downside of this is you are now a business owner and a landlord, which can come with some added responsibility, so that is something you may want to consider.

 

Tax Benefits

When you invest in commercial real estate in Winnipeg you can deduct the following come tax time:
-Interest expense
-Depreciation expense
-Non-mortgage related expenses

Those are just a few benefits of buying winnipeg commercial real estate. For more information contact RE/MAX professionals Commercial today!

Tips on selling your commercial property for sale in Winnipeg

Are you looking to sell your commercial property for sale in Winnipeg? Here are some tips on what you’ll need to do to get your commercial space ready for sale.

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegBe Patience

When selling commercial real estate in Winnipeg you’ll need to realize that it can take some time. It generally takes longer to sell commercial real estate than residential real estate. You may need to prepare yourself for a slow start and have a plan to accommodate that.

 

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegLearn about the Appraisal Process

As with selling your commercial property, appraisals for commercial properties are much different than residential properties. Ask your Winnipeg commercial real estate agent what you need to ask, and what you will need to provide the appraiser.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegCurb Appeal is Everything

Do a good inspection of the exterior of your building. Make sure the parking lot is free of any garbage and debris. It may be a good idea to power wash the concrete as well. While you have that power washer out, take it to the exterior walls of your building, and also give those windows a good clean, and repair any broken or cracked windows. Lastly, make sure that any plants or trees near your building are trimmed down, so that they are not blocking any windows.

 

 

winnipeg commercial real estate,winnipeg commercial real estate for sale,commercial property for sale winnipeg,commercial property for sale in winnipeg,commercial property winnipegDon’t Neglect the Interior

Inspect the interior of your commercial space to ensure there is everything is in tip top shape. If there are any scuffs on the wall or chipped paint, you may want to give it a new paint job. Also check the floors or carpets. Vacuuming and steam cleaning the carpets will get rid of any odors and give it a brand new look and feel. Also clean up any clutter and store any boxes away in a storage locker.

 

 

Those are just a few tips for selling your commercial property for sale in Winnipeg. more information contact RE/MAX professionals Commercial today!