If you rent a home outside of the state you live in, then you know how much of a hassle it can be to manage that property or keep in touch with your property manager. Add in unruly tenants, regular renovations, and updates to older appliances or roofing, and you have a major headache on your hands. If you want to offload that headache without displacing your tenants, you’ve come to the right place.
Why Would You Want to Sell?
As a landlord, you rely on your investment properties for income. Selling one of those properties could severely impact your profits, however, not all properties may be as profitable as you think.
Take a look at your annual expenses per address and compare them. Are some of your homes costing you a significant more than others due to mortgages, repairs, frequent listings, or tenant issues? Those are the properties you should look at selling.
On top of that, some properties may have declined in value significantly after you purchased them. This can happen for a variety of reasons, such as the state of the real estate industry, the location of the home, the proximity of the home to new construction or manufacturing plants, crime, gentrification, and the general physical quality of the home and comparable homes in the area.
If any of this is the case, you may want to sell that property as quickly as possible so you can invest in a more profitable area. Sell it to us! If you want to sell an Arizona home quickly, give us a call and we’ll have a fair cash offer for you within 24 hours. The best part? Your tenants can stay in place.
Sell Your Investment Home for Cash
When you sell your investment property for cash to Property Spot, we won’t displace your tenants. We will honor their lease, guaranteed. It will be a smooth transition for both them and you – they may not even realize it happened, especially if you have a property manager!
On top of that, selling us is faster and simpler than listing the home. We will give you a cash offer within 24 without any appraisals, repairs, or renovations needed. We may ask to do a walk-through of the home to get a feel for the layout and square-footage, but that isn’t always necessary, especially if the home is occupied.
We also do most of the paperwork for you, so you don’t have to worry about taking time away from your other tenants or your life to sell your rental home.
As far a condition goes, we buy everything in “as-is” condition, which means no costly repairs. You don’t even need to clean the home before we buy it. This can save you thousands: a leaking roof could cost $10,000 or more to replace. Some interior renovations, such as kitchen remodels can cost even more! HomeAdvisor puts the average kitchen remodel price in the $15,365 to $42,800 range, depending on what you need to do to it!
Think about little costs that add up too, like replacing windows. One window may only cost about $400, but replacing all of them adds up quickly!
Selling a Home Out of State is Challenging
When you sell a home out of state, you usually have to manage the cleaning, staging, photography, real estate agent, and juggle offers that could be happening in another timezone. This can be a real challenge for a lot of landlords. You have other properties to manage and trying to sell a single out-of-state home could take up a majority of your time for homes.
If you have a property manager, they may be able to manage all of these things in your place, but you will still need to be the point of contact for the sale. That means phone calls from your real estate agent, sorting through offers, paying holding fees, commission fees, and closings costs, and trying to coordinate with your property manager to ensure inspections are completed and the required repairs are completed before closing.
You also will likely be required to fly into the state to finalize the sale. All of this is a headache that you can avoid if you sell to Property Spot.
We’ll work with you to accommodate your tenants and get everything closed nice and easily, which is exactly what you want when you’re selling a home out of state. You don’t even have to fly in to do the paperwork. Give us a call today at (480)400-7792 or visit us online!