Why Sell Your Rental Property to a Real Estate Investor
Jan 21, 2022 | Hometown Development
If you have a rental property you’re trying to get off your hands, you might want to consider a real estate investor. They make the ideal buyer for someone in your position, and here are a few reasons why.
No Extra Costs
A real estate investor won’t require you to make repairs on the property before you sell. This is a big cost savings to you because many tenants are rough on properties and major work may be needed before renting again.
You also don’t have to pay the commissions for a real estate agent. A real estate investor is experienced with the paperwork and process, so they can eliminate a lot of the extra work that is often done by a realtor.
Your Property is Appealing to an Investor
Since you already have tenants, it is ready to rent with the necessary appliances and other features. Whether it’s a single-family home or multi-family dwelling, it has been set up or altered to be a rental. Real estate investors often like the idea of ongoing income with little work on their end. They may pay a management company or manage the property themselves, but the groundwork is already set in place.
You Can Sell Fast
When you work with a real estate investor, you can sell quickly for cash. You don’t need to wait around to find a specific buyer who has financing in place to close the transaction. Less paperwork means a faster closing when you sell your rental property.
Interested in selling your rental property? Talk to the team at Hometown Development. As long standing investors in West Michigan, we have years of experience in the industry and are looking for property like yours. We can help you avoid the hassle of a traditional sale with a quick cash offer.