If you are considering selling your multi-family property, there are several things that you need to keep in mind to ensure that you get the best possible price. In this article, we will discuss some essential tips that can help you when selling your multi-family property in Lynchburg VA.
Unlike a private home, selling your multi-family property involves several people. Sellers must put a great deal of consideration into the transaction to ensure they aren’t crossing any legal requirements regarding the laws, rules, and regulations by which multi-family property owners must abide. Failure to do so can be extremely costly.
Below we will cover five tips for selling your multi-family property in Lynchburg VA
Check the Lease
When you set about selling your multi-family property in Lynchburg VA, the first thing you need to do is get out all of the leases and do a thorough review, ensuring that you’re considering all of your tenants’ rights. Buyers will request access to your tenant files, so you’ll want to be doubly sure everything is in order.
Some buyers wish to occupy one of the units, so they can save money on housing expenses. By living in one of the units, the buyer can eliminate or significantly reduce their rent or mortgage payment. This can be especially appealing for first-time homebuyers or individuals who are trying to save money for other expenses such as retirement or education. Having a vacant unit available for them to move into will be important for this type of buyer.
Prepping
To be competitive on the market when you’re selling your multi-family property in Lynchburg VA, you must present the property in the best light possible. Focus on the curb appeal or lack thereof that a buyer would note as they scroll through listings. You’ll want to trim the lawn and shrubbery, make the building more appealing, and be sure any signage is attractive and the parking lot, amenities, or equipment is well maintained.
If you would rather sell AS-IS consider calling a direct cash buyer like Linken Investments at 434-390-2906. Linken Investments can buy your property exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast. Plus, we don’t charge commissions, and we pay all closing costs. Think of all the time and money that can save you. There’s no easier or quicker way to sell your house and get on with the next chapter in your life.
Documents
You risk turning off a buyer if your documents aren’t ready for review and in good order when selling your multi-family property in Lynchburg VA. Your bookkeeping records must be up to date. Your yearly net operating expenses will be of much interest, outlining all costs associated with the property, as well as the income from the rentals. This report provides buyers the ability to compare your properties with others quickly and if it is worth delving further into the transaction. Provide any paperwork that reveals regular maintenance, repairs, and any warranties that may still be valid, which hold value to the buyer. You’ll also want to include documents showing the age roof and other major systems, such as heat or air, and the appliances in the units.
Inspections
It is wise to have an inspection completed before selling your multi-family property in Lynchburg Va. Finding surprise problems ahead of selling is best. Knowing the issues that exist will allow you to decide how best to resolve them before entering into negotiations with a buyer.
Should the buyer consider your property a fixer-upper, they will likely make an insultingly low offer. It is likely your buyer isn’t interested in rehabbing a multi-family property and will walk away if their inspection should reveal a problem that the seller didn’t bring to their attention previously.
Direct Sale
Sell directly to Linken Investments – we buy whether or not you have tenants! At Linken Investments, we purchase properties as-is for cash, so closing is fast. There’s no need to worry about sprucing the place up, or completing repairs, or paying holding costs while the property lingers on the market. The professional cash buyers at Linken Investments will go over the numbers with you, making sure you agree that our offer is fair. We will also present to you what you would realize if you were to list your property on the MLS so that you can compare all options. Working with Linken Investments makes selling your multi-family property in Lynchburg easy! Call Linken Investments at 434-390-2906 or send us a message today.
Linken Investments, Lynchburg’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Lynchburg’s Trusted Cash Home Buyers. We have been buying houses for cash in the Lynchburg area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are areal estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your Lynchburg area home on your schedule and for the highest price. We provide you a way to explore all your options, letting you choose whether you want to maximize the price of your sale by listing on the MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Lynchburg area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your house fast for any reason. Linken Investments offers you the chance to sell your home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Lynchburg area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Lynchburg house fast and get on with the next chapter in your life.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 434-390-2906 or fill out the short form here today!