What can I do to sale real estate in a bad market?
Posted on November 29th, 2009 in Renting & Real Estate | 4 Comments »
feeling groovy asked:
I have a piece of commercial real estate in a small montana town. It just went into the foreclosure process so time is of the essences. It's been on the market for 2 years, it's price point is right and it is prime real estate in a difficult location. The good qualities are the town host the hottest mineral healing waters in the world. I am at a lost as to how to market this and get it sold! Any thoughts?
Huntsville Relocation
I have a piece of commercial real estate in a small montana town. It just went into the foreclosure process so time is of the essences. It's been on the market for 2 years, it's price point is right and it is prime real estate in a difficult location. The good qualities are the town host the hottest mineral healing waters in the world. I am at a lost as to how to market this and get it sold! Any thoughts?
Huntsville Relocation
4 Responses
Silver Spring md homes
Sell it to a developer who’ll open a spa on the site to take advantage of the mineral waters.
Jacksonville Beach FL Real Estate
Find a way to hang onto it. The market is bound to turn around at some point…
local document shredding
“Prime” real estate & “difficult location” should not be in the same sentence.
Prime real estate is Prime real estate because it has the best of everything, especially Location!
Have you been a “for sale by owner” for 2yrs? If not, you’re real estate agent is NOT educating you on market conditions & proper pricing.
If you are already in the foreclosure process you probably have about 2-3months left to actually sell it.
Drop the price!!!
If it doesn’t seem possible to make a profit after costs & commissions, inquire your agent about getting into a “short sale”, where the bank will accept LESS than you owe. Doing a short sale won’t harm your credit as bad as actually going into forecloure & the bank owning it.
Make sure your Commercial Realtor is advertising your property on the nationally known websites for commercial properties at or
Grundy Il Real Estate
Hire the best realtor in town to market it for you. You can continue to market it on your own but a good Realtor can increase exposure.