CRE-Finance LLC Explains Marketing Commercial Real Estate In A Tough Economic Environment
Online, April 21, 2014 (Newswire.com) - In a tough economic environment, it becomes hard to sell commercial property. However, one thing, which most agents or commercial property owners do not do, is market their property on a daily basis, states Todd Tretsky of CRE-Finance. It is hard to get listings and obtain market share without having a proper marketing strategy. It is important to understand the process of marketing for the skills and knowledge agents bring to the market.
By marketing yourself effectively, you can generate more leads and come in direct contact with clients, thus creating exclusive listing. Constant marketing also helps when the economy is slow and steeping downwards. Tretsky wants to share some marketing tips for commercial real estate in a tough economic environment:
Create New Contacts Each Day
As a real estate agent, you should always be making contacts. Devote certain hours each day to get this process going and keep a target to meet 2 new each day. It increases the prospect of commercial property selling and the wider your network is the more leads you can generate for a specific property. In a tough market, it may be a good time to make contacts. If you cannot sell property, you might as well devote that time in reaching out to people and marketing yourself.
Maintain Client Database
It is important that you should maintain a client database and keep contact with existing clients. As new listings open up, inform prospective clients about it. You never know when you could strike a deal even if the economy conditions are tough. Maintaining a database of your clients will help you to stay organized and on top of things.
Create Value
It is important to create value for your clients as well as market your business. Use online marketing channels to your advantage and connect with potential clients. Use these platforms to post informative and knowledgeable content regarding the markets you deal in. By providing information for commercial real estate, its trends, and outlook, you will be creating value for your clients and help those interested stay updated. This will help you in branding yourself and become a resource for informative material regarding commercial real estate.
Vacancy Preparation
When you put up a commercial space for listing, you expect inquiries about it. Even though it may not be sold as quickly as you would want, make sure the place is well kept. When showing the place to prospective clients, what most agents overlook is preparing the space to look decent. It is important to show it in positive light. Ensure that is thoroughly cleaned for prospective buyers to get interested in it.
Remember that when the economy is slow, it may be the best time for you to build contacts and stay on the lookout. Using online resources will help a great deal to market yourself, as it is a very cost effective method. More than posting listing about your business, post informative content which helps to reach out to a wider audience. All these tips will help you to build contacts, which are crucial in selling commercial property.
If you have any questions regarding commercial real estate or are seeking financing, then contact Rich or Todd Tretsky at 855-515-5585 or visit us at www.cre-finance.com.