Tips for Getting the Best Value for Your Property
A common problem with marketing commercial real estate is that sellers do not recognize the highest and best use for their property.
As a result, they cost themselves money when it comes time to lease or sell.
Real estate professionals can make sure that sellers maximize their return on investment by marketing the best and most valuable use of the property.?
Since the highest and best use is often?a consideration of?appraisals and the value of the property is directly related to what the property is used?for, it is wise to take this into consideration when marketing your property for sale.
Of course, the use must also be legally allowable, physically possible and financially feasible. A certified commercial appraiser can assist?with this process and works in cooperation with a licensed real estate salesperson.
As an investor, there is a real value in determining the best use for a specific property. If a commercial property you own would receive a greater return on your investment through rezoning for industrial use, then it seems like a reasonable decision to do so. If the cost of the change adds more?value while increasing the net profit of your investment once it is sold, then the decision to seek the highest and best use is advantageous.?
Each situation is unique, and seeking advice from experienced and knowledgeable professionals is a necessity to successfully determine the best use and the greatest value of the property in question.
Picture Credit: Flickr
Luke LeGrand, ePRO 210-843-5853
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Tips for Getting the Best Value for Your Property
Tags: Ask the Experts, Business News San Antonio, Commercial Real Estate Blog, Commercial Real Estate San Antonio, kw commercial, kw commercial sa, kw commercial san antonio, Real Estate Blog, San Antonio Business News, San Antonio Commercial Real Estate, san antonio commercial real estate expert, San Antonio Commercial Real Estate Experts, texas commercial real estate expert, Texas Commercial Real Estate Experts, Tips for Getting the Best Value for Your Property
Source: http://kwcommercialsa.com/blog/?p=6855
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