Sell My Apartment Building in Glendale – Top Tips

Selling my apartment building in Glendale was one of the most educational and rewarding tasks I’ve ever accomplished. I learned a lot about the real estate market while trying to sell my apartment building in Glendale, and I discovered how desirable Glendale is to renters, homeowners, and anyone thinking of investing in commercial real estate. I’ll admit that I had little knowledge or experience in the field before I decided to sell my apartment building in Glendale, but it was easier than I expected once I nailed the fundamentals. With a few basic lessons under my belt, I managed to sell my apartment building in Glendale with few hassles.

Who is the Right Person to Sell My Apartment Building in Glendale?
Depending on your preference, you can go the DIY or professional route when it’s time to sell your apartment building in Glendale. For the professional treatment, a commercial real estate broker or agent will bring their expertise and contacts to the deal. They’ll know how to attract buyers and how to handle the paperwork involved in the sale. Keep in mind, though, their years of experience don’t come for free. A broker or an agent expects to make a commission on the sale, which can total several thousands of dollars from your bottom line. One more detail to keep in mind when you’re looking for a broker or agent: Make sure they are licensed, and if possible, ask your friends and family for recommendations. This will help you narrow the field and locate the right broker/agent for you.

If you feel confident in your abilities to sell your apartment building on your own, it’s easier than ever, thanks to all the resources and tips on the Internet, in books, and in real estate classes. A quick Web search will lead you to sites offering state-specific real estate forms, or you can pick up an instructional guide at the bookstore. Make no mistake–this will require a lot more work on your part, but you’ll save yourself the commission fee. Just think of all the things you can do with that extra money!How can I Sell My Apartment Building in Glendale?A commercial real estate agent or broker will have their own network of resources to sell your apartment building in Glendale. This includes flyers, email notices, message boards, and other advertisements. They’ll also get the word out on open houses and other events to showcase your apartment building in Glendale. Increased visibility often means a quicker sale, which is always beneficial to everyone involved in the transaction.

If you’re going it alone, don’t despair–several options are available to you. The Internet, of course, has democratized many aspects of our lives, and it’s a great tool for selling your apartment building in Glendale. Craigslist is filled with ads for commercial real estate, for example. In addition, you can list your place in the free real estate publications often found at newsstands in bigger cities and metropolitan zones. These publications will include contact information so that you can get in touch with them and add your property to the listings. Also, don’t underestimate the power of a prominent “for sale” sign on your apartment building–it’s worked for other sellers.

When Should I Sell My Apartment Building in Glendale?
The optimal time to sell your apartment building in Glendale is when it’s at its best. That means after you’ve made repairs, applied a fresh coat of paint, trimmed the lawn and vegetation around the premises, and received a clean maintenance bill from the required inspectors. An attractive building goes a long way toward making a good first impression on potential buyers.

In addition to the eye candy, you need to give buyers another reason to purchase your apartment building, and an apartment analysis form will seal the deal. An apartment analysis form lists the property’s rental income, operating expenses, reserve budget, and projected debt service. You can also throw in comparable sold properties and rental rates in the area to provide some context for the sale to the buyer. The apartment analysis form should answer a lot of questions on the buyer’s part, but it’s also a good way to protect your own investment. With the hard numbers in front of them, a buyer will be able to see the building’s value, and they’ll be more likely to meet your asking price.

What is the Best Time of the Year to Sell my Apartment Building in Glendale?
You have to pity the poor souls in other parts of the country, especially when the temperature starts dipping and it gets harder and harder to drag yourself out the door. Southern California offers a huge advantage in this regard; because of the enviably mild climate, you don’t have to worry about bad weather discouraging buyers from attending your open house.

In addition, the commercial real estate market differs from the residential market in one major way: The commercial real estate is not typically vulnerable to seasonal fluctuations. For example, the holidays are usually slow for sales, just because no one wants to move during such a busy social season. In contrast, a commercial real estate buyer isn’t looking for a new home; instead, they’ll view your apartment building as an investment. The heaviest lifting they’ll do will involve the paperwork and contracts they have to sign. In short, list away–the buyers will come to you all year round.

Read Tips for selling your apartment building in Burbank here…