Selling your investment property doesn’t have to be expensive or time-consuming. It can be quick and hassle-free!
Firstly, let’s just address the common misconception that a lot of first time sellers or investors have.
Listing A Miami House Isn’t Always The Best Way To Sell.
From repairs to upgrades and agent commissions, hiring an agent to represent you can get expensive quickly. But don’t panic! Below, we’ve used today’s post to outline some of your selling options so you can get the best price possible in the least amount of time.
Sell Your House On Your Own
By selling on your own, you avoid YOUR agent’s commission. However, there’s still the buyer’s agent, marketing fees, and closing costs.
Plus, chances are most of your week will be spent answering calls, screening time wasters, and scheduling property showings. You will need to pay for repairs, listings and the continued maintenance of the house for as long as you own it.
According to statistics, selling your home by yourself will take longer than listing with an agent, meaning your monthly costs of ownership will add up fast. Apart from avoiding expensive commission fees, selling your home yourself doesn’t save on any other costs. Everything else is on you.
Sell To A Professional Investor
There are a wide range of benefits to be had if you sell to a Professional Home Buyer such as us, at Sunshine State Buyers.
- Fast Sale┃Allowing you to move on and end whatever property costs are draining your finances.
- Say Goodbye┃No more taxes, utility bills, homeowners insurance, and other costs of ownership.
- No Repairs┃You will not need to spend a dime on repair costs or having the house professionally cleaned.
- Convenient┃The convenience factor will allow you to sell quickly, freeing up the cash for you to potentially use on another investment.
Many investors choose to sell their properties on to other investors as they both know exactly what the property’s value is. There’s no-nonsense, just a straightforward and mutually beneficial sale.
If You Do List…┃Don’t Bother Upgrading
If you decide to list on the open market, you can save money if you only fix what’s 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If the house needs upgrades or looks outdated, leave it up to the new owners.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, a lot of buyers would prefer the opportunity to upgrade a property with their own style in mind. Imagine spending a ton of money on a brand new kitchen, only to find out that buyers who would have put an offer down walked away because the kitchen didn’t suit their tastes. Don’t renovate a property based on your likes and dislikes or at all if you don’t have the experience and know-how to back it up.
If You Do List… ┃Price It Right
If you decide to list your Miami property, make sure it is priced competitively and suits the current market.
Inexperienced sellers tend to overprice properties. And even agents will hype up the listing price to get you to sign a contract with their firm.
If it isn’t priced right, it will sit on the market, gradually losing its appeal to potential buyers. A lot of people will assume the worst and thinks there’s a hidden issue with the build if it’s left advertised for too long.
Discover the true value of your home before trying to sell it. This way you won’t be disappointed by offers far below your expectations!