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Selling your commercial property can be a complex and time-consuming process. It is important to have clear learning of your goals and objectives before beginning the process. Are you looking to maximize your return on investment or to sell the property as quickly as possible?<br>Once you have a clear idea of your goals, you can begin to develop a negotiation strategy. Do you have a flexible negotiating position, or are you firm on your asking price? It is also important to understand the other partyu2019s motivation for buying the property.
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5 NEGOTIATING STRATEGIES WHEN SELLING YOUR COMMERCIAL PROPERTY
THE ART OF NEGOTIATION HELPS INFLUENCE THE BUYER AND GET YOUR TERMS AND CONDITIONS MET. IT AIDS IN ESTABLISHING A RELATIONSHIP WITH THE OTHER PARTY AND CREATING A SITUATION WHERE BOTH FEEL SATISFIED WITH THE RESULT
1. Stick to The Listed Price When you clarify to the enquirers that you will not pull down the listed price, they will automatically raise their offer if they are interested in the deal. 2. Set A Negotiation Timeline The seller must set a timeline for the negotiations and should not stretch it. It will also help the buyer to decide quickly and sign the deal instead of lingering.
3. Inviting Bidding Offers 4. Help The Buyer Understand the Property Value 5. Ask for Another Offer
IF YOU INTEND TO SELL COMMERCIAL REAL ESTATE IN AUSTRALIA, YOU MUST BE READY TO NEGOTIATE WITH THE BUYERS. MAKE SURE YOU LEARN THE ART OF NEGOTIATION BEFORE PUTTING UP YOUR ASSET FOR SALE.
FOR MORE INFORMATION visit us at https://www.commercialproperty2sell.co m.au/blog/2022/03/5-negotiating- strategies-when-selling-your-co.php Or Call 07 5613 2440