Thursday, 29 January 2015
Perth Property Investment: Commercial Estate Cycles and Selling Tips
Selling 101: Avoid sentimentality When it comes to selling commercial property, one important thing an investor should remember is to avoid getting too attached to the property. Sentimentality can be a powerful disincentive to sell—it may even cause an owner to put a price on a property that is higher than its current value. Too strong an emotional attachment to a commercial property investment in Perth that’s supposed to be generating income is never beneficial; if it’s no longer profitable, it may be time to consider selling the property. Working with a professional Commercial property selling is a very complex and lengthy process—even more so for someone who doesn’t know his way around it. The paperwork and the labour involved can be extremely tedious to fulfil. Marketing the property to attract buyers is also another consideration.