As a real estate investor, I’ve met many homeowners who’ve had enough with being landlords. They’re worn out from dealing with tenant issues, maintenance problems, and the constant stress of managing rental property. For many of these homeowners, selling their rental property is the best solution.
If you’re in the same boat, you’re not alone. It’s natural to want to move on from rental property when you’re no longer able to manage it effectively. But how do you sell your rental property quickly and easily, without getting ripped off or losing money in the process?
In this article, I’ll share my tips and advice on how to sell rental property fast. Whether you’re looking to downsize, simplify your life, or cash out your investment, these tips can help you get the most out of your property and move on to the next phase of your life.
But first, let me share a personal story. A few years ago, I met a couple in their 70s who owned several rental properties in Central Virginia. They were tired of managing these properties and wanted to sell them quickly, so they could move to Florida and enjoy their retirement.
At first, they weren’t sure how to go about selling their rental properties. They had heard horror stories of landlords getting ripped off by unscrupulous buyers or stuck with properties that wouldn’t sell. They didn’t want to deal with the hassle of listing their properties with a real estate agent. Holding open houses and paying a hefty commission weren’t high on their wish list.
That’s when they contacted us. As a local investor, we were able to offer them a fair price for their properties and close the deal quickly. They were able to sell their rental property in just a few weeks, get full market value, and keep all of their equity by selling through owner financing.
This experience taught me a lot about the challenges of being a landlord, especially for more experienced homeowners. In the rest of this article, I’ll share my insights and advice on how to sell rental property fast, and what to look for in a real estate investor.
What’s The Best Way To Sell at Full Market Value in Today’s Market?
If you’re looking for a savvy option to sell your rental home, start by considering owner financing. Owner financing is a type of real estate transaction where the seller provides financing to the buyer, rather than the buyer obtaining a traditional mortgage from a bank or lender.
We have seen firsthand how owner financing can benefit both sellers and buyers – a true win-win scenario. For sellers, owner financing can help you sell your property quickly at full market value and generate steady monthly income. For buyers, owner financing can make it simpler to qualify for a loan and the banks aren’t the only ones profiting from the transaction.
One of the biggest advantages of owner financing is the flexibility it provides. When you sell your rental property through owner financing, you have more control over the terms and conditions of the sale. Because you are acting as the bank, you dictate the terms when it comes to a down payment, monthly payment and the terms of the agreement.
Owner financing can also be a good option if you’re looking to generate steady income from your rental property. When you sell your property through owner financing, you’ll receive regular payments from the buyer and this can help you generate steady income without the hassle of managing rental property.
Finally, owner financing can be a good option if you’re having trouble selling your rental property through traditional channels. With owner financing, you can attract a wider pool of potential buyers who might not qualify for traditional mortgages, such as self-employed individuals or people with a less-than-perfect credit history.
As an investor here in Central Virginia specializing in owner financing, I’ve helped many homeowners sell their rental property quickly and easily through owner financing. If you’re interested in exploring this option, I can help you understand the pros and cons of owner financing, and work with you to create a customized financing plan that meets your needs.
Interested in learning more about getting full market value for your rental home? Contact our team for an easy no-obligation conversation.
