When you plan to sell your house, it makes sense for you to
consider all available options. Means, in addition to the regular (personal) buyers,
you should also try options of giving it to commercial property buyers
that is corporate purchases.
Commercial property buyers are those people and companies who are
not buying your house for their personal use. Instead they will use it for
their business use, for example, they may use it as an office space, or as a
shop, even as a store room for keeping stock of their products.
When compared to personal buyers, these commercial property buyers
will have slightly different demands for your house. But it is far easier to
get a purchase decision from them. Pricewise also, they tend to pay considerably
more than personal buyers. They will directly pay cash for property, and that’s why they are also called “Cash For House” buyers and “House for Cash” buyers.
For example, if you are selling your house to a bank, that is
a commercial buyer, they may be looking at factors such as proximity to the
road, access to maximum number of customers etc., In addition they may look at
the security aspects so that the money inside is safe.
In addition to Commercial
property buyers, you also have many Commercial property investors. These people may not use your house
immediately, but they would keep it for few years so that they can sell it at a
much higher profit.
There is another way in which you can sell your house to commercial property buyers. It is called Sale
and leaseback.
As the name suggests, here you are selling the house to a commercial buyer or commercial property investor. But immediately,
they lease back the house to you. Means, you get the Cash for house, and then get house
for cash, you can continue using it. For this use, you will be paying a leaseback
fee to the commercial buyer who bought your house.
This is convenient in those cases where you are in need of
immediate cash for property, but don’t
want to move out of it. With Sale andleaseback, you can convert your immediate cash needs to a long term short
payments.
There are certain things you need to remember when selling to
commercial property buyers:
- Is it a reliable company? Will I get the payment immediately?
- How are they going to use my house? Is there anything illegal about it that can affect me as a seller?
- Are they going to make drastic changes to the house? If yes, am I getting a good price taking that into consideration?
- Is there a middleman? If yes, do I need to pay him? How much? Can it be avoided?
- Who will make the purchase decision? Do I have direct access to him?
- When compared to regular selling, what extra documentation and other things I need to keep ready to make this purchase process smooth?
Keeping this checklist handy can really help you complete
your sale with a commercial property buyers or commercial property investor
smooth. This will also ensure you get cash
for house in a reliable manner.
