How to sell an investment property fast?
Monday, February 15th, 2010 at
2:26 am
A freind of mine has an investment property in Atlanta Georgia that he is trying to sell. It is a 4 year old Duplex with 4 bedrooms and 2 baths in each unit. It needs no repairs, it was built in 2002, it has wood floors throughout and it is close to public transportation, colleges and downtown. He is asking 335K for it and it was appriased 9 months ago for 350K. He has an open listing with a realtor for a few months but hasn’t had any luck getting any buyers. The realtor said it isn’t selling due to the tight market and the time of year he is trying to sell. Can you suggest any ways to get more interested buyers?
Real Estate Professionals
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Tagged with: 9 Months • Hasn • Realtor
Filed under: property sale
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Lower the price. That’s how you get property to move quickly. It doesn’t matter what it was appraised for 9 mos ago, that was a different world in the real esate market. It is a buyer’s market.
What he should do: Investigate the home prices of closings within the last month for similar properties. Then price around there or even lower.
If that’s not pallatable, then he needs to hang on to it for a while and rent out both sides. The real esate company should be able to handle that for him.
The only true way to sell a house faster ….
Is to lower the price, make it the best deal for someone to purchase. Aren’t you always going to buy the deal when given a variety of buying options ?? Real Estate is no different.
The right places to show the right now oh one are selling for even if nobody wants to buy at 335000 it unfortunately if it unfortunately if he doesnt know theyre going to waste lot of money.
The work which attracts more suggestion get real listing agent on the job as buyers broker amount open.
The property spend money doesnt matter what matters is what matters is what it isnt worth 335000 what matters is what matters is what properties like that one.