As a real estate investor, you understand that you must also plan your exit strategy for your properties; just as there’s a time to buy, there’s a time to sell. Therefore, when it’s time to sell an investment property, it is understandable that investors like you want to get the best price for the least expense, sometimes with a realtor and sometimes directly to a buyer.
To achieve the ultimate goal of earning the most potential profit on the property, you must understand the job of a real estate agent is to bring the right buyer to your door. Additionally, real estate agents earn their commission for their extensive knowledge of the legalities guiding real estate transactions and disclosures, paperwork requirements, and the responsibility of meeting crucial deadlines. Other times, you just want the property sold quickly with the least amount of hassle and that’s where a direct buyer comes in.
Here is what you need to know to sell your investment property in Blue Springs.
The Renters in the Property
If your rental property is vacant, then this is not a concern. But if you do have a renter, you do have to consider their rights. It is their home and you do have to make accommodations for them. What these accommodations might be will depend on what you have in your lease. When you can show the home, how you how the home, and how you give notice of showings are all very important and need to be worked out with your renter. And ideally, you want to disrupt their lives and work with them if possible to achieve the best possible outcome.
Prepping and Repairs
If you are between renters, then taking the time to spruce up the property will make it more appealing. And with the super-hot real estate market in Blue Springs you just might want to totally renovate the home and sell it retail rather than offering it for sale as a rental. But if you have your home rented and cash flowing and want to sell, then you will want to do what you can on making updates without disrupting your renters.
Records & Rent Rolls
When you are selling a vacant property, past records are always helpful. When the property is rented and cash flowing having good records is vital. All potential buyers will want to review leases, rental applications, rental screening, and all records pertaining to the renter. The buyers will also want to see all renovation and maintenance records. And last, all buyers will want to see the rent rolls and the financial statements.
There may be no more important decision than setting the right price when you sell your investment property. Set the price too high, and today’s tech-savvy buyers will scroll past the listing, too low, and they may fear there is a problem that hasn’t been mentioned in the listing and avoid the potential trouble. On the other hand, if you’ve got the price wrong, a great deal of time can pass, and this can only bring the price down further, as listings that linger typically sell at much less than market value. By giving us a call here at kcmoHomeBuyer, we can help you explore your options for selling your rental property. We can look at a fast cash offer from us to a full-blown real estate listing in MLS. We’ve got you covered either way.
Marketing is the driving force to bring your buyers to the door, so when you sell your investment property be prepared to do what it takes to stand out in the crowd. Your marketing plan should include listing on the top sites and high-quality digital photography by a professional and a 360-degree virtual tour by a drone pilot. We’ve got you covered on all of these as we have all the tools to get all of this marketing done. Plus we besides buying properties for our own rental portfolio, we are very active with the real estate investor community in Kansas City and have 100’s of buyers anxiously looking for their next investment property.
kcmoHomeBuyer is the best choice to sell your investment property. We can outline your options and let you choose what works best for you. On your own, you face a great deal of out-of-pocket expenses and time lost getting ready for the sale, along with the unknown when or if you will close. In contrast, working with kcmoHomeBuyer means we take on all of the responsibility. Working with kcmoHomeBuyer makes the process quick, easy, and painless with simple contracts. In addition, at kcmoHomeBuyer, the Tuckers are also licensed real estate agents who have been working in this community for over 10 years. We know the market because we live and work in the metro and own a 600 + member trade association for real estate investors. At kcmoHomeBuyer, we keep your best interest in mind.
We would be happy to answer any questions you have about the process to help you over any hurdles you face with your investment properties, with no obligation. Call kcmoHomeBuyer at (816) 408-3600 or send us a message to learn more! We list all rental properties through our brokerage at Realty Resource that can be reached at 816-406-0701.
Stop The Search...Start The Process Here!We pay all CASH and you'll not pay any commissions, or make any repairs. Because we're LOCAL, we can work fast. Put your address and email below and answer a few easy questions on the next page to get your FAIR offer.
On top of the process every step of the way!
Great experience. I was selling my fathers house. Very glad he sent a letter. The house was dirty, it was stinky, it was packed with junk. I just didn’t want to deal with it.
I called Scott as well as several of the ads I found on google for people who buy houses. Scott was great, he showed up when he said he would, he listened to what I had to say. He made me an offer and left it with me so I could “sleep on it”, which gave me time to review if with my brother.
Scott was on top of the process every step of the way, making sure I was informed and knew what was going on and when we had some paperwork issues at the title company, helped me work through that as well.
If you want a hassle free sale, give Scott and kcmoHomeBuyer a call.