The market in Naples has adjusted itself for the desirability factor of our subtropical upscale location. The buyers are not who made our prices shoot through, and past the ceiling of reasonableness. It was everyone who took advantage of the increased interest by over extending and overbuilding as if there were no end to the increases.
If you have a commercial property for sale, it's time to cut the price and let it sell. Allow someone else to make a profit too. Take your profit and run. No need to be greedy, or hold out for an even bigger profit. It is not a bad thing to double your money. If you have done that, leave some future growth and profit for the next investor. Even if you only made thirty percent. Try getting that in the stock market.
The problem with most commercial properties that are still sitting on the market for these past twelve months is that owners are worried that they are leaving profit on the table. Trust me, you will never know when the right time has arrived. When the market hits bottom, it will not notify you. Drop your price so you can sell what you have now and move on.
The commercial market has plenty of buyers. Lots of them now are searching for 'steals.' But there are legitimate owner/users out there who may need your property for their business. Allow them some profit growth room.
Take your small profit, all the way to the bank, or let me help you find another. It's a great time to be a cash buyer, and even better to be a seller.
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