Pricing Your Property
Pricing North Texas commercial properties is not an exact science. Your property’s value is only as good as the price a qualified buyer is willing to pay. The key is determining the Dallas Fort Worth Metroplex and North Texas commercial property prices, like most other areas.
Important Factors
- Location
- The condition of your property
- Competitive pricing of comparable properties offered for sale
- The local market conditions
- The pricing and terms under which your property will be offered for sale
You can largely influence two of these factors. Make sure your property has great “curb appeal,” and the interior condition of your property is presentable and well-maintained. Try to look at your space objectively. Your real estate broker can make strong suggestions about refurbishing and remodeling and can let you know the relative return you can expect from your investments.
The Price
The price needs to be:
- Realistic enough to encourage a purchase agreement from a buyer
- In the range of comparable commercial space sales and current competing listings
Setting a price too high could delay a sale. Your real estate professional can create a written market analysis documenting the value he/she suggests through comparable sales and listings. Put yourself in the shoes of a buyer who is comparing your property to others currently for sale and make sure your price is competitive.