Based in Massachusetts, Michael Snedeker serves as a senior executive with Elite Building Corp. in Waltham. In addition to identifying promising development projects in Greater Boston and beyond, Michael Snedeker provides marketing and sales strategies for commercial construction clients.
In order to expedite the sale of commercial real estate, there are several steps you can take. First, call a real estate attorney to obtain your title. Since it could take up to 10 days to obtain the report, you should handle this right away.
The next step is to update your environmental survey if it is more than six months old. The report could take as many as three weeks to arrive, so it is important to complete this as soon as possible.
In order to expedite the sales process, compile all historical records related to the property in regards to electrical, plumbing, HVAC, and roofing services.
Finally, locate your rent roll and profit-and-loss statements from the last two years. The profit-and-loss statements will provide information about the expenses and costs associated with the building, while the rent roll will show the length of the lease term.