Which property is easier to sell?
Residential
Why?
If priced correctly, most residential properties will take reasonable time to prepare, run a four to six week marketing campaign, are sold and then settled six weeks later.
Effectively, the start to finish selling process with residential properties can be achieved within a few months, sometimes even sooner.
With commercial properties, generally due to a mix of potentially less buyers, more complex contract terms and more money required to get involved than residential properties, all means it can take longer to find the right buyer, get it sold and settle.
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This information is of a general nature only and does not take into account your objectives, financial situation or needs. We are not financial, legal or tax advisers. You should seek appropriate professional advice specific to you before acting on this information.
