Uploaded on Feb 18, 2021
For commercial property owners and real estate agents alike, this blog will be helpful if you are trying to sell your commercial property in Mumbai. The following four points will not only give your property a lot more client inspections, but also make selling your property much easier and more successful than it would be otherwise. 1. Know your property’s worth This is crucial. In a market where real estate is inflated and properties are overpriced (largely due to India’s deep-rooted negotiation culture), having awareness about your own property and pricing it right is very important to successfully sell your commercial property. If you price it too high, it won’t attract too many buyers and if you price it too low, you would miss out on some profits. Which begs the question: How do you know your properties worth? There are two ways: a. Either hire a professional valuer (either private or government professional) or, b. Compare it with other properties who have similar characteristics; for instance: those commercial properties with similar carpet areas, similar building amenities, similar quality buildings, floor level, access to transport (especially trains in Mumbai) and similar neighbourhoods are good criteria to compare & value accordingly. This will give you a good enough understanding of what your property should be priced at. 2. Beautify your property This makes all the difference. A recently painted, well-maintained property will fetch you more than the EXACT same property with crusty paint shaven walls with broken tiles and substandard plumbing work. A small investment and taking care of your property on a regular basis will surely yield a very impressive ROI – it’s worth it, especially since so many properties in Mumbai for sale are not taken care of! Yours will stand out! 3. Market your property well Having a beautiful property is no good if it’s not marketed with the intent to get the right people to visit. Where are these people? They are online. Anyone who wants to buy commercial real estate will first search online and if your property is not online, there’s a whole lot of opportunities to sell that you are missing out on. However, with the rise in property portals being easily accessible to the masses, it is very common for property owners to get a lot of inquiries from uncommitted clients. We suggest you check out property portals which provide verification and free property listings like Jagaha.com which is focused on commercial properties and most importantly filter down the calls and only provide owners with legitimate prospective buyers and not time wasters. 4. Have all your paperwork ready You have priced your property well, beautified it, and marketed it to the right people and now there’s enough people interested in purchasing it on your approval, but you don’t have all the paperwork ready. It’s a complete waste of time for not only you but also the clients who could possibly have other options available. And if you do not want to miss out on a good offer, it is crucial to have all your paperwork ready to make sure the sale process is as smooth as possible. We can almost guarantee that paying attention to these four points will be exceptionally helpful in selling your property in Mumbai and across all of India as well. Also while you’ve made it this far, if you want to know if your property qualifies for a restaurant property or which licenses are required to start a restaurant, this blog will sort out all your doubts. If you have any queries, leave them in the comments or call at 902900670 For commercial properties in Mumbai whether they are office for rent in Mumbai or shops for rent in Mumbai, visit our website www.jagaha.com
4 Tips to Sell Your Commercial Property in
4 TIPS TO SELL YOUR
COMMERCIAL
PROPERTY IN MUMBAI
For commercial property owners and real
estate agents alike, this blog will be helpful if
you are trying to sell your
commercial property in Mumbai. The following
four points will not only give your property a
lot more client inspections, but also make
selling your property much easier and more
successful than it would be otherwise.
• 1. Know your property’s worth
• This is crucial. In a market where real estate is
inflated and properties are overpriced (largely due to
India’s deep-rooted negotiation culture), having
awareness about your own property and pricing it
right is very important to successfully sell your
commercial property. If you price it too high, it won’t
attract too many buyers and if you price it too low,
you would miss out on some profits. Which begs the
question:
How do you know your properties worth?
There are two ways:
a. Either hire a professional valuer (either private or
government professional) or,
b. Compare it with other properties who have similar
characteristics; for instance: those commercial
properties with similar carpet areas, similar building
amenities, similar quality buildings, floor level, access
to transport (especially trains in Mumbai) and similar
neighbourhoods are good criteria to compare & value
accordingly. This will give you a good enough
understanding of what your property should be priced
at.
• 2. Beautify your property
This makes all the difference. A recently
painted, well-maintained property will
fetch you more than the EXACT same
property with crusty paint shaven walls
with broken tiles and substandard
plumbing work. A small investment and
taking care of your property on a regular
basis will surely yield a very impressive
ROI – it’s worth it, especially since so many
properties in Mumbai for sale are not taken
care of! Yours will stand out!
• 3. Market your property well
Having a beautiful property is no good if it’s not
marketed with the intent to get the right people
to visit. Where are these people? They are
online. Anyone who wants to buy commercial
real estate will first search online and if your
property is not online, there’s a whole lot of
opportunities to sell that you are missing out on.
However, with the rise in property portals being
easily accessible to the masses, it is very
common for property owners to get a lot of
inquiries from uncommitted clients. We suggest
you check out property portals which provide
verification and free property listings like
Jagaha.com which is focused on commercial
properties and most importantly filter down the
calls and only provide owners with legitimate
prospective buyers and not time wasters.
• 4. Have all your paperwork ready
You have priced your property well, beautified
it, and marketed it to the right people and now
there’s enough people interested in purchasing
it on your approval, but you don’t have all the
paperwork ready. It’s a complete waste of time
for not only you but also the clients who could
possibly have other options available. And if you
do not want to miss out on a good offer, it is
crucial to have all your paperwork ready to
make sure the sale process is as smooth as
possible.
We can almost guarantee that paying attention
to these four points will be exceptionally helpful
in selling your property in Mumbai and across all
of India as well.
Also while you’ve made it this far, if you
want to know if your property qualifies for
a restaurant property or
which licenses are required to start a resta
urant
, this blog will sort out all your doubts. If
you have any queries, leave them in the
comments or call at 902900670
For commercial properties in Mumbai
whether they are office for rent in Mumbai
or shops for rent in Mumbai, visit our
website www.jagaha.com
Thank-you
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