Buildings in popular areas or recently rehabbed should have higher rents
Gathering current
leases and other income sources that your building receives is the
first step to determining the value of a building. We need to see
what recurring fixed expenses your building has and relevant
maintenance records. With those figures we use the Capitalization
Rate (CAP) and the Gross Rent Multiplier (GRM) approaches to value
your property.
Comparing recent
sales and what is currently on the market with similar buildings
will help determine your asking price. Using the CAP rate and GRM
numbers, I can give you a true comparison so you can make an
informed decision about what price you should ask for your building.
Listing your
building using high-definition narrated videos, high-quality
pictures, and custom floor plans to produce superior online and
printed marketing materials. Preparing an organized sales packet
with quality building information means stronger in-person showings
to minimize showings that could unnecessarily disturb your current
tenants.
Answering inquiries in a timely manner
and coordinating showings while working with you and your current
tenants to keep everything moving smoothly. Supplying pertinent
information to a potential buyer in an orderly and timely manner
will make your building stand out in a positive way.
Showcasing your
property with HD Videos, professional quality photos, custom floor
plans, brochures, and organized financial information packets. This
gives other agents confidence to show your property knowing that the
sales packet will be understandable and complete. This will in turn
provide the buyers with enough information to make their decision
with complete information and confidence.
Monitoring your
building's activity and in-person showings to collect real-time
feedback is part of selling your building. Pre-made plans can
quickly be adjusted to make sure the process smoothly moves forward.
Timely updates will provide you with up-to-date accurate results
about the activity of your building.
Offers will
have many variables and knowing which offer will have a better
chance of closing is as important as the price. Baird & Warner and I
will work with you to make sure that the offer you accept will close
in a timely manner with no surprises.
Coordinate post
signing contact activity including scheduling times with your
current tenants so inspectors and appraisers can have timely access
to your property.
Closing in
a timely manner and with a dollar amount that you are satisfied with
is our goal from day one. Rest assured that we will be with you
every step of the way with a time proven plan in place to sell your
property.