Is this the right time to sell a commercial property in newark nj,i just inherited and i don't live in nj? - commercial property nj
Now it's a buyers market as far as property is concerned, and that includes commercial real estate.
Depending on the type of commercial property is under discussion. If you know about the apartments, in front of the store, warehouse or office building?
Their decision will be on May when you can, the monthly mortgage payments, if applicable, to pay the building was empty.
There are many things that would make that decision.
I would like to contact a local real estate agents, find the possible sale of your commercial property would be. Even the approximate time to sell the property.
So you may want a competent accountant or attorney for any tax and legal consequences to ask.
If you can be consulted in a number of professional people who make a wise decision that you want with the property.
I hope this was of some use to you, good luck.
"Combat"
Wednesday, January 13, 2010
Commercial Property Nj Is This The Right Time To Sell A Commercial Property In Newark Nj,i Just Inherited And I Don't Live In Nj?
2 comments:
This is not the time. Because of the financial crisis, there are many owners that they must sell. Consequently, the "market for the sale of the property is overloaded. And the buyers have a wide range of options. And so the prices have gone down. Wait, if you can, until the financial markets stabilize. Real estate prices will rise. Then we will sell . In general, there is always an advantage in commercial property. What do you want to maximize the gain. On the other hand, if you sell now, then you should have no problem. The buyers are there. Only a matter of agreement at a price. Good luck.
You can put on the market and see what happens when you need money. If not, within 6 or 7 months, I would just wait for the market return. 'End LL with more money if you wait rather than to sell now. But depending on the location and type of building that could be sold quickly as needed. Good luck!
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