Saturday, May 28, 2011

10 Ways to Sell More Commercial Property Than Your Competitors ...

In commercial real estate financing is the sale of a property, the average per transaction and brings you more in commission as a real estate agent. Certainly some of the largest leasing deals are also great opportunities committee, but let's competitors to see how you can sell your property as commercial.

insertion opportunities for the sale is about people, the right people in your area to have the best and most sought-after property.

In order to sell more commercialproperty you have to follow the base plan similar to that below:

Prospect every working day within your market and territory. You should set a personal goal to talk to at least 20 people each day either by the phone or in person or both.
Create a high quality database of and from the people that you talk to so you can build opportunity from it. Your personal database should eventually total about 600 to 1000 prospects from your local area. Your database will actually become a listing Tool itself is quite good (the seller, you want to sell the property, because he knows the right people have access to the database).
Learn all the local businessmen in a personal capacity, so they start commercial real estate, trust as an expert in 'amazing how many of leasing and sales will come from this relationship. These business people also know more about the area you, they can tell you about the activities of other owners andtheir landlord.
Identify and contact the owners of all the major target properties that are considered the best in the area and that are likely to come up for sale in the future.
Know what other property is coming up for sale and is currently for sale now. They will impact the future prices in the area.
Watch and analyse the prices of all other property sales as they go through. This will give you a sound base of pricing new listings as you find them.
Develop a series of special marketing alternatives (say 3) that can be used with different listings as they arise in the future. Being versatile in your marketing is a clear advantage for real estate agents; you do not want to be like everyone else you compete with.
Contact all the owners of commercial property on a regular basis with some meaningful information such as a newsletter containing market trends and recent prices
Contact all the solicitors and accountants in the area on a regular basis to establish a level of trust and awareness where they can call you when future property needs arise with their clients.
Establish rapport and friendship with the major property developers in the area or those that want to be in the area.

Get used to talking to people and recording the findings in your database. The more systematic you are, the more leads, commissions, and business you will generate. Most commercial property will come up for sale about every 5 to 7 years. This is a cycle of the past better than what you get in residential real estate. With the sales cycle in full opportunity to stay in touch with the right people for a long period of time. While this seems simple, the reality is that it is hard work but the rewards are many if you discipline and concentration.

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Source: http://commerciallistings.amdatablog.com/2011/05/28/10-ways-to-sell-more-commercial-property-than-your-competitors/

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