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How Do You List Commercial Real Estate So It Will Say Quickly.?

By Brian and Jeff On May 22, 2009 Under Commercial Real Estate Loans

My father lives in Nebraska and is trying to sell his restaurant/lounge it also has an attached beer garden built on. He has had it on the market for 4 months and not a nibble. I don’t think his realtor has my father’s best interest in mind. He has a bad heart and really needs to get out from under it. Any advice on how he could get rid of this commercial property quickly, is greatly appreciated.

3 comments - add yours
koalatco

May 22, 2009

price it at five to ten percent below the …going rate..and give one or two points higher than the gonig commission rate..that way yours will be shown first.

Hank 5000

May 22, 2009

Consider offering owner financing for part of the purchase price (maybe 20%), then encumber the property with a second mortgage. Commercial mortgages have low loan-to-value ratios, so if you make the financing more attainable you’ll open the property up to more potential buyers. Good luck!

my avatar's hot!

May 22, 2009

Give me a link to the listing and I’ll take a look to tell you what I see or don’t see.. :) Happy to help. Suz