How Fast Can I Sell Your Distressed Commercial Property?

Selling a distressed commercial property can feel overwhelming, especially with foreclosure looming. However, with the right approach, you can sell quickly and avoid financial disaster. According to the latest ATTOM data, the United States saw a staggering 117% increase in commercial property foreclosures in March 2024. This data further reveals that 625 commercial real estate foreclosures occurred due to mortgage delinquencies, regulatory breaches, financial hardships, unpaid taxes, or high interest rates.  

Additionally, a recent Forbes report also emphasizes that selling distressed commercial property often takes longer when legal issues are involved. Legal complications, including foreclosure proceedings, can require court intervention, delaying or even preventing the sale. 

Given these challenges, many experts recommend selling distressed commercial properties to professional real estate acquisition firms to expedite the process. If you’re seeking a quick sale, companies like Chicago’s VME Acquisitions can provide an immediate offer for your distressed property, helping you avoid the legal and financial pitfalls that might otherwise delay the process. 

Also read: Experience Effortless Commercial Property Selling with VME Acquisitions’ No Repair, No Middlemen Instant Sale Business Model 

Why Partnering with Real Estate Experts is Crucial 

Selling your commercial property to experienced professionals specializing in distressed properties can simplify and accelerate the selling process. VME Acquisitions, for instance, has decades of experience in commercial real estate and construction, which helps ensure a smooth transaction for property owners in the Chicago and Houston metropolitan areas. 

The team at VME Acquisitions crafts thoughtful strategies to prevent foreclosure and protect the hard-earned equity that owners have built in their properties. The company’s no-broker, no-middleman policy allows sellers to bypass the traditional listing process and receive a fast cash offer, making the sale of distressed commercial property quicker and more efficient. Looking to sell quickly? Contact VME Acquisitions today for a no-obligation consultation. To learn more about what we buy, click here. 

Experience Instant Sales with VME Acquisitions 

Selling a distressed property through traditional channels can be time-consuming. It involves multiple steps, including pricing the property, handling documentation, and negotiating offers. Typically, sellers are required to list their property with a broker, which could extend the process depending on market conditions. This might be a viable option for property owners willing to explore market value offers and wait at least six months to a year for the right buyer. Property owners often have to invest in significant repairs to sell their assets at a competitive price. Despite these efforts, sellers may still receive little or no interest after several months of being on the market. 

In contrast, VME Acquisitions offers a plethora of benefits to sellers facing financial hardship. Here are the top reasons that differentiate this real estate buyer from others: 

• VME Acquisitions offers a no-obligation cash offer and a guaranteed sale.  
• The company buys properties “as-is,” meaning sellers don’t need to make any repairs or upgrades. 
• VME Acquisitions specializes in purchasing properties that have struggled on the market, providing a fast and reliable solution.  
• The company guarantees to close the deal within 30 to 60 days, offering immediate financial relief to property owners.  
• Even if your property has been listed for three months or longer with little to no serious inquiries, VME Acquisitions can help you sell quickly.  

How to Sell Your Distressed Property in Four Easy Steps 

Whether your property is on the verge of foreclosure or in poor condition, selling it requires well-thought strategies at every step. That’s why VME Acquisitions is here to help expedite the process and make your selling journey smooth and hassle-free. Collaborating with VME Acquisitions to sell your distressed property is simple. You just need to follow the four steps described below: 

1. Fill Out the Short Form 

Start by providing basic information about your distressed property, such as its location and condition. After submitting the form, the VME Acquisitions team will contact you to discuss your property in detail. This information allows the VME Acquisitions team to assess the situation and determine the best course of action for your property. You can visit www.vmeacquisitions.com to submit your property details online. 

2. Get a Call from the Team 

Once your form is submitted, a representative from the company will reach out to understand your specific needs. They’ll gather more information about your property and discuss any financial or legal complications tied to it. 

3. Choose Your Preferred Option 

Based on your discussion, VME Acquisitions will present you with tailored options for selling your property. Whether you’re looking for an all-cash offer or other financing solutions, they will work to meet your timeline and financial goals. 

4. Close the Sale Quickly 

After a site visit and inspection, VME Acquisitions will present you with a final cash offer. Once you agree, the company guarantees to close the sale within 30 to 60 days, depending on your preferred timeline. Even if you’re in pre-foreclosure or facing financial hardship, VME Acquisitions works directly with your lender or bank to expedite the closing process.