Whether you’ve been holding on to an investment property that you never put to use or you’ve grown tired of one that you’ve been renting to tenants for years, once you decide to sell an investment property, you want to sell it fast! However, depending on the condition and location of your property, you might find it challenging to sell it as quick as you prefer – that’s where we can help!
WHY SELL INVESTMENT PROPERTY
There are many reasons you might decide to sell your investment property – some financial and some personal. The most common reason for selling an investment property is that the cost of owning the property exceeds the ongoing return on investment.
Perhaps you ended up with a property that’s plagued with maintenance issues. We see it time and time again where investors believe they got an amazing deal on a property, only to find countless hidden problems that have to be addressed (required by law) once they’re discovered.
Once you reach a point where your investment property is draining your finances, it’s often best to cut your losses and let it go. The last thing you want to do long term damage to your financial situation or end up declaring bankruptcy over a bad investment.
Another reason you might want to sell your investment property is due to changes in the market. Maybe the surrounding home values have dropped, bringing your property value down or maybe the entire market has shifted since you bought the property.
Of course, there are always personal reasons for selling an investment property. It might by the type of property that tends to attract bad tenants. Or maybe you’re planning on retiring and you simply want to cash out.
Whatever your reasons for selling your investment property, this Guide to Selling Investment Property will help you move forward in the right direction.
SELLING INVESTMENT PROPERTY TIP #1: AVOID THE EVICTION PROCESS
If you’ve got a terrible tenant in your investment property, you have probably considered evicting them and starting over with someone else. The problem is that evicting a tenant isn’t as simple as it seems, and depending on how stubborn the problem tenant is, they can end up dragging the whole thing out for months on end.
During that time, you’re forced to cover the mortgage payments, home insurance, and property taxes without the help of your tenant paying rent. Many people prefer to simply sell the property and be done with it.
SELLING INVESTMENT PROPERTY TIP #2: CONSIDER YOUR INVESTMENT OPTIONS
One bad investment shouldn’t bring down your entire portfolio. Once you’ve run the numbers and decided that an investment property is no longer worth keeping, it’s smart to cash out as quickly as possible so you can move on to a new, better investment.
If you had a bad overall experience in real estate investing, you might even decide that there are other investment markets better suited to your skill set and personality.
SELLING INVESTMENT PROPERTY #3: SELL BEFORE THE MARKET TAKES A MAJOR DOWNTURN
The real estate market, like all markets, goes up and down in waves of several years at a time. If you know you’re going to sell your investment property, you definitely want to do so before another major downturn. The reason is that you might end up waiting 5-10 years before the value comes back up to where it is currently.
For those who are near the end of their career and looking to cash out for retirement, you simply can’t afford to wait out another economic recession while property values try to recover.
HOW TO SELL YOUR INVESTMENT PROPERTY FAST
Fast Sale Florida buys homes in any condition for a quick cash payout. Unlike working with a realtor, you don’t have to invest any time and money to get your property show-ready.
Plus, we don’t care if your property needs repairs or is located in a bad neighborhood because we buy homes in any condition, anywhere in Florida. Does your investment property have current tenants? No problem!
Best of all, we have a quick, straightforward process for buying investment properties. There are no realtor fees, closing costs, or any hidden fees, and we can close in less than a week!
We’ll help you part ways with your investment property quickly and easily.
HOW IT WORKS
In just 3 quick steps you can achieve a fast sale on your home.
Contact us or fill out our form to get an instant no-obligation quote from our team.
We’ll then send someone to do a free property inspection, where you will get a Guaranteed Best Cash Offer on the spot.
Once you accept the offer, we can move forward and close the sale in less than 7 days!
Get in touch today to get started.