It doesn’t have to be costly or time-consuming to sell your investment property. Learn more about your selling options in our latest post!
The best way to sell a [market city] house isn’t always to put it on the market. Selling with an agent can quickly become expensive – from repairs to agent commissions to the cost of waiting. We’ll go over some of your selling options below to help you get the best price in the shortest amount of time.
Sell Your House On Your Own
By selling independently, you avoid paying the agent’s commission. You will, however, be responsible for your own marketing and closing costs. When selling your investment property, you’ll probably find yourself spending several hours per week screening calls, answering calls, and scheduling property showings. For as long as you own the house, you’ll have to pay for repairs, listings, and ongoing maintenance. According to statistics, selling on your own takes longer than listing with an agent, meaning your monthly costs of ownership will add up fast. Selling the house will save you the agent’s commission, but that’s about it. Everything else from the marketing to the contracts to the negotiations is on you.
Sell To A Professional
Working with a reputable and professional home buyer like Present Day Properties has a lot of advantages. You’ll be able to sell the house quickly, allowing you to move on and no longer be responsible for it. You will not be required to continue paying for the property’s upkeep. Taxes, utility bills, homeowners insurance, and other costs of ownership are no longer an issue. You won’t have to spend any money on repairs or having the house cleaned professionally. Because of the convenience factor, you will be able to sell quickly and use the proceeds to make another investment. Many investors prefer to sell their properties to other investors because they are both aware of the property’s value. There are no gimmicks, just a straightforward and mutually beneficial transaction.
If You Do List…
Don’t Bother Upgrading
You can save money if you decide to sell it by only fixing up what is absolutely necessary. If the house needs upgrades or looks outdated, leave it up to the new owners. You can offer a credit for the upgrade or other incentives to encourage people to give your property a chance. In fact, many buyers will appreciate the opportunity to customize the space to their liking. Imagine spending a lot of money on a kitchen only to discover that something you chose is what turned a buyer away. Everyone has different tastes, and allowing the prospective buyers to incorporate their preferences can actually help you close a sale.
Price It Right
If you choose to list your [market city] property, ensure that the asking price is reasonable. Many people overprice their homes simply because they are unaware of the actual value. Agents will even hype up the price in order to get you to sell. If it is not priced correctly, it will remain on the market for an extended period of time, gradually losing its appeal to potential buyers. Many buyers will think that there is likely a reason why. Figure out the true market value of your home before trying to sell it. This way, you can manage your expectations and avoid being disappointed if you receive low-ball offers. Our team can help you determine the real value of the property and make you an offer for it right away.