There are many reasons why you might like to consider the MR Sales Team when selling your Management Rights business.
Look No Further
Years of consistent sales have resulted in a highly recognised team – the MR Sales team have the knowledge and possess the ability to liaise with industry professionals from bankers and accountants to lawyers and valuers – which gives MR Sales the knowledge and know-how to assist in determining what sells and why.
Please feel free to call us for a confidential one-on-one chat and appraisal on how to prepare your Management Rights to obtain the best market price.
Contact us today to get started!
Current Management Rights Owners Looking to Sell?
You are all aware of the ‘pitfalls’ of wanting to sell your valuable Management Rights without proper preparation, resulting in a ‘Contract of Sale’ that is terminated, or fails to settle due to one reason or another.
Many Vendors consistently ask the question, ‘Why have I not SOLD my Management Rights?’
This question has many answers.
Q. Am I priced correctly?
A. Did you go to the market to sell or just ‘test the waters’?
Unfortunately inexperienced brokers will not or do not want to tell the Vendor the true picture of the industry and continue to buy their listings.
Real Estate agents grossly overpriced, inflated multipliers, all with the intention of ‘buying another listing’.
Browse the World Wide Web and see Brokers with 100 or so listings – the majority are just ‘another listing’, many are overpriced and will never sell unless a major correction is made to the price.
Q. Are there plenty of Buyers available?
A. With finance readily available for qualified Buyers, enquiry is certainly consistent.
HOWEVER, Buyers will only purchase at ‘market value’, subject to all the normal terms including valuation.
Large nett profit management rights are the exception, a simple equation of ‘supply and demand’ and more demand than supply. This bull market at the top end will continue to be exceptionally strong.
Thinking about selling?
- Seek the correct advice
- Have your Real Estate valued
- Have your Accountant prepare a Profit & Loss Statement for purpose of sale
- Engage a trusted experienced Broker to price your business
Otherwise you become ‘another listing’ appearing on a web page, unless you the Vendor has an exceptional one-off listing, you can expect to sell at market valuation.
We at MRSales offer the industry FREE one-on-one meetings to explain exactly what is required when and if you decide to move on and sell. Phone us on 1300 928 556 or email us here.
Developers ‘Off The Plan’ Management Rights
The sale of Off The Plan management rights can be very rewarding for a developer. This is primarily due to the combined sale price of the business and any associated real estate being a figure well above the average unit sale within the complex.
Some of the ideal prerequisites are :-
- The caretaking & letting agreements are prepared by an industry lawyer and Not the unit contracts lawyers;
- That the Body Corporate salary reflect the duties required;
- That an industry accountant prepare a detailed projection of the expected net profit for the management rights business;
- That your Industry Lawyer would prepare the off the plan management rights contract with appropriate review of appointments mechanisms.
If you would like to know more or arrange a confidential meeting, call our Off The Plan Expert, Greg Jorgensen on 0407 721 335.