We have all been seeing the news lately. No matter where you turn there is always a negative issue going on with the economy.
Many sellers of GA commercial real estate wonder if their property can sell in these tough economic times.
Even in this market properties are still selling but many factors will come into play. Timing,marketing exposure,and correct price will lead to a fast sale for the top dollar the market will bare. Keep in mind gone are the days of speculative commercial buying by investors,developers,and corporations looking to expand their businesses. Most commercial banks these days want 40 percent or more down to fund a commercial purchase and with putting that much down buyers are going to be real picky with what they purchase.
For your property in the Ga commercial real estate market you need to analyze a few key points.
1.What is the topography of my site? In other words is it level and easily buildable?
2.If you already have an exsiting commercial building is it best to sell in it's current state or convert it to another highest and best use?
3.Are utilities closeby? water,power,sewer etc.
4.Are there any environmental problems with your property?
5.Is your land or building located in a flood zone?
6.Are there any road widening projects that will affect your land or building adversely or be beneficial to you?
7.Is your parcel a big enough size for most projects or will you need to assemble it with closeby other parcels to get the most money?
8.Am I in the city limits and what does the current and future land use map look like for rezoning in the area?
These are just a few questions you should be asking when selling your building or land for commercial or residential purposes.
At All World Realty all we specialize in GA commercial real estate.
Give us a call today for a no obligation consultation at 678-779-2798.