Understand the CRE Sales Process

In this episode of Profit or Pitfall, we dive deep into the crucial steps involved in selling commercial property. From interviewing brokers to understanding your tax burdens and preparing a comprehensive data room, we cover it all.
Key Points Covered:
Aligning your family/investors on the decision to sell and pricing.
Beyond 1031: Assessing your tax obligations and future property plans.
The importance of hiring a deal-closer attorney.
Preparing a detailed data room for potential buyers.
The significance of realistic pricing in today's market.
Strategies for fixing issues and handling lease renewals to boost property value.
The benefits of starting with LOIs to streamline the sales process.
The need for patience and strategic cooperation throughout the sale.
Why You Should Watch:
Whether you're a seasoned property owner or new to commercial real estate, this episode provides actionable insights to ensure a smooth and successful sales process. Learn from common pitfalls and strategic tips to maximize your property's value.
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