When you list an investment property for sale, there are a number of things to look into and review. Essentially the property should not be taken to the market without all investment factors being checked and available for enquiring parties. Preparation is the key to marketing and converting an investment property sale for a client.
What Sales Facts Do You Review?
Consider things like:
- The tenancy mix
- Vacancy factors
- Lease documentation
- Income results for the property over time
- Expenditure activity in the property
- Risk and compliance factors of the asset
So the list can be longer and more complex depending on the circumstances and size of the asset. Don’t proceed to list and market an investment property for sale without doing all your ‘homework’ and asset investigations.
Here are some ideas to help you with your activities in investment sales and the assets that are to be put to the local property market: