The information we provide you below will assist you in understanding as to what it takes to adopt a particular method so that you can finalize a method most suitable to you.
You should appoint only one agent
You can enter into exclusive agreement with just one property investing agent. The benefit here in this type of arrangement is that the agent will work with more dedication and focus to locate genuine buyers for your property at possibly best price. You may also have to spend less of your money and time in marketing and advertising for your commercial real estate sale.
Appointment of one agent but with a Multi-List Agreement
Here, the agent you appoint will be working with several other agents in the market for selling your property but cost to you remain the same as in the above discussed method. The main difference here is that agent you appointed in the first place shares the commission he will get from you with the other agents in the field who help him in securing the buyer for your commercial property
Selling the Commercial Property by an Auction
In this procedure there is no set commission to be paid to the agent. There is obviously a time limit for auction and this creates a time bound competitive environment for the real estate agent. Here the agent works even harder and you earn more profit in less of time.
Appointment of many real estate agents
In this method, you usually rope in many real estate agents to execute the sale. Buy you need to pay commission to only that agent who introduces you to the purchaser of you property.
Selling the commercial property on your own
Here you can decide to sell your commercial real estate by yourself in order to save on the commission you usually would pay to the real estate agent. However it is not easy as you will have to handle advertising and marketing for searching the prospective buyers. Above all you need to have sound knowledge of all legal formalities required for property transfer.
I am not in the favor of this method and would not recommend it as I firmly believe that your main goal is to be a real estate investor, so you should act in a smarter way.
Hence, as we see, there are many methods to sell your commercial real estate. Appointment of an agent is safe and the easiest way to achieve the results and it is always nice to go with just one agent.