Fastest Ways to Sell Investment Properties in Dallas
There can be many reasons for selling investment properties. The trouble comes for those who need to sell them fast. It may be you want out from under the tax liability. Perhaps the property is in need of extensive repairs or the neighborhood is changing. Whatever the reason selling investment properties shouldn’t be that difficult, even if you need to do it quickly. We have compiled a list of the fastest ways to sell investment properties. Here are the top six ways.
Using a Real Estate Agency for Selling Investment Properties
You always have the choice of listing your investment property with a real estate agent. They will do a lot of the work for you like putting it on the market using both online and offline resources. They will conduct all the viewings for you and go through applicants to find the best possible buyers. This is the only way some people know how to sell an investment property, but it is certainly not the fastest way. In some instances, it can seem like it happens overnight, if the market is just right. But it can be expensive and take a long time if the market is in a slump.
Ways to Sell Investment Properties Through an Auction
You always have the option of connecting with an auction company and having them sell it for you. An auctioneer can discuss how similar investment properties have faired at previous auctions. You will often have to pay for a listing with the company. But they will give you a firm date, schedule the auction and market it for you. However, there is no guarantee that the property will sell so it’s not always the fastest of the ways to sell investment properties.
Sell the Property to the Tenants
If your investment consists of a single-family dwelling, one of the ways to sell investment properties is to offer it to the present tenants. You can offer them the option to buy since they might be ready to make that investment themselves. It can take some of the steps out of the process even if you are not sure how to sell an investment property. This makes it easier for them as well as making your job easier. Of course, they would have to meet certain financial qualifications to secure financing which in some instances can take some time.
For Sale By Owner
Some owners advertise investment properties as “for sale by owner.” This is an easy way to get the word out that you are putting it back on the market. It can be a lot of work as you will have to handle the marketing, showing the property and going through applications on your own. It’s also not certain qualified buyers will show interest in the investment property, so it could sit there for a long time before a sale is actually made.
Advertise on Craigslist
One of the popular new ways to sell investment properties is to advertise them on Craigslist. It is simple to create an ad and post it for the world to see in a matter of minutes. To put your property out in the worldwide marketplace you will need to set up an account. Once the account is set up, you can select “Post to classifieds.” The site will walk you through the steps for posting your property. You can also upload images of the property and they offer a few helpful hints for how to sell an investment property on the site.
Leverage Social Media
Social media is a fast way to reach the world no matter what platform you choose. Most of the platforms offer advertising which is relatively inexpensive. You can easily create an ad with the information buyers might need. It’s a quick way to get the word out even if you’re not exactly sure how to sell an investment property. Use your personal accounts or business accounts for advertising purposes. Start with Facebook and Twitter and branch out from there onto other platforms you may be active on.
Building a Cash Buyers Email List
If you already know how to sell investment property or you have been working with real estate wholesalers, then it is likely you have already been building a cash buyers email list. Professional real estate investors often collaborate with others in the profession and generate lengthy lists of other cash buyers or investors. It’s one of the tricks of the trade and one of the effective ways to sell investment properties. These lists are useful when you find properties but it’s just not the right time to buy or sell. You can often pass a good deal off to another investor. So if you’ve been building a cash buyers email list, send out a mass email to all of them inviting them to take a look at the property you are trying to sell. One of them may jump on the offer.
Sell Your Investment Property Today!
Working with real estate wholesalers can be the fastest way for selling investment properties. It can be easier to find wholesalers if you are well-established or have been building a cash buyers email list. It is by far one of the fastest ways to sell investment properties since they will be ready to give you cash for the property. They are also aware of the details of a sale and so they are not only eager but also understand all the steps that need to be taken. It’s fast, it’s easy and it’s done.
At Roddy Offers Buys Houses, we’re experienced real estate investors. We’ve spent years building long-lasting business relationships with other real estate investors and motivated house sellers. Our business practice focuses on closing fast so that you don’t have to watch your property sit on the market for months. If you are looking for ways to sell investment properties and ready to start working with real estate wholesalers, give us a call at 469-406-6961. We would love to connect with you!