A Message of Encouragement for Tired and Retiring Landlords

Over the years, your entrepreneurial spirit and personal motivation have driven you to create an impressive real estate portfolio. At some point, though, you may decide it’s time to sell.

Many landlords become fed up with having to fix what their tenants destroyed in their rentals. On the other hand, they may want to sell in order to support their dream of traveling the world. Or, maybe a life event creates a need for cash, and properties have to be sold. If those things resonate with you, keep reading.

My message for you is this:  don’t settle for the first wholesaler or individual investor who sends you a letter in the mail; hire an agent to develop a comprehensive strategy to sell it for you; and, maximize your net proceeds from the sale. In order to achieve success and get the most money possible for you at closing, we have to do three things:

1)    Make smart improvements that will increase marketability and profitability.

2)    Price the home correctly. You can’t rely on comparable sales data alone to set the listing price, especially if the property will require significant renovation work.

3)    Create urgency and maximize exposure to qualified and interested buyers. You want the best and highest offers possible… not just the best, lowball offer from one investor who happens to call you.

If the property in question has significant deferred maintenance and is in disrepair, sometimes it’s best to sell it as-is. Ideally, you make repairs and renovate the home to capture more proceeds from the sale, but you need an expert on your team to advise you on what is and what isn’t a worthwhile update. With years of experience working with investors and selling properties like this, I’d love to help you to both achieve your goals and close this chapter with confidence.