There are lots of reasons you may be considering selling your multifamily property. And you have plenty of options to do so. The most common ones are to use a traditional real estate agent or to sell directly to an investor off market. Let’s discuss the options to sell your multifamily property in Kansas City below
Understanding the Buyer
Professional property buyers in Kansas City, Missouri typically close faster than traditional multi-family buyers, and usually pay full in cash. Depending on the price of the property we can close in all cash or use very quick funding sources. Another great benefit by selling direct is that you don’t have to deal with a traditional real estate agent showings or the extra fees. My $200,000 property with a 6% commission that equals $12,000 in payments directly to realtors. This is a pretty common commission structure with 3% on the buy side and 3% on the sell for the agents. By going directly to a professional house buyer, there’s no agent commissions and no fees or at least very limited ones. And lastly, here at Greensboro properties, we use a professional title company as a neutral third party to ensure that everything is handled properly and closed efficiently.
No Preparation Necessary
Professional property buyers in Missouri will usually purchase real estate as-is. As a seller, you don’t have to worry about the usual repairs, fixing things up or making the home look pretty. We love to buy homes that need a little bit of love and put our own personal touch on them.
Professional multi-family property buyers are in it for the investment. They are not expecting to move into the property on the day of closing. Most multi-family property buyers will allow a move-out timeframe after closing to allow your tenants to relocate at their own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the multi-family property when you leave. Your tenants can simply pack their personal items and furniture they want to keep and leave the rest.
Sell With Confidence
When you decide to use a professional multi-family property buyer in Kansas City, Missouri, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your property. You don’t have to worry about tenants leaving their home spotless every day before heading to work, just in case there is a showing while they’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture your tenants are taking and what they are leaving.
Selling to a professional multi-family property buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional multi-family property buyers already know the state of the property, and they are willing to take on that risk.