![]() ![]() Staging a high-end urban office, however, can cost several thousand dollars. But staging a small office or retail space can cost as little as a few hundred dollars, and it will help you to sell your property quicker and for a higher price. Let’s look at the common expenses you encounter when marketing your commercial property for sale.Īt the least, a commercial building should be cleaned up before showing it to a potential buyer. If multiple brokers are involved (seller’s and buyer’s broker), this amount is split between them. The commission rate specified on the broker’s contract with the seller is 6%. ![]() The broker commission is based on the full sales price of a property.Ī property sells for $500,000. The commission is paid to a seller’s broker and then it is split between the brokers (usually equally but not always. But often there are two brokers involved: on the buyer’s side and on the seller’s side. All of the agent fees can go to one agent/broker if they both list the property and find the buyer. The average commission for a commercial real estate agent is between 4% and 8%. When getting bids for any necessary repairs, use the inspection report as a reference. For example, the roof of any structure should be free of leaks, and the bathrooms should be in good working order. The repair of the building’s exterior and common areas is recommended. Otherwise, as long as the current tenant is happy, the condition of their space will not usually be a concern to a potential buyer. In general, repairing occupied areas should be limited to problems with electrical or mechanical systems. Normally, various kinds of rooms have their own rate.ĭeciding on what repairs to make to the property’s interior tenant space should be based on the building’s use. But commercial buildings vary so widely that the complexity of the work an inspector must complete is very different for various room types.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |