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Can I sell as is?

have not been able to sell my commercial building in cooperstown for almost 10 years. has leaking roof w/some interior damage. have not been able to get someone to fix it. can i sell it as is? how much will i lose?

Asked By Richard Y. | Cooperstown, NY | 547 views | Selling | 3 years ago

Answer(1)

Novice

2 Answers

Steve Leth

eXp Realty

Hi Richard, This is a really hard question to answer on a commercial building without getting too much of the details. 1. Have you had buyers interested and go through the 2-3 phases of due diligence and then back out? If so then you may know why a buyer would be interested, but then back out after going through the due diligence period. 2. If you are not getting buyers to even start the due diligence process then it usually comes down to price. You can always sell it as-is, but know buyers will want whatever repairs to come off the asking price. You may be able to get the repairs done at a cheaper cost than what you would reduce in price. An estimate of repairs would be beneficial in this case. Where and how are you marketing your property? Loopnet would be a great start. A commercial broker would also be something to consider. Hope some of these ideas help in your thought process of what to do next.