As a real estate investor, you understand that you must also plan your exit strategy for your properties; just as there’s a time to buy, there’s a time to sell. Therefore, when it’s time to sell an investment property, it is understandable that investors like you want to avoid paying a real estate agent a considerable chunk of your profits in commissions.
To achieve the ultimate goal of earning the most potential profit on the property, you must understand the job of a real estate agent is to bring the right buyer to your door. Additionally, real estate agents earn their commission for their extensive knowledge of the legalities guiding real estate transactions and disclosures, paperwork requirements, and the responsibility of meeting crucial deadlines.
Here is what you need to know to sell your investment property without a Long Island real estate agent.
Prepping and Repairs
A fresh coat of paint inside and out, along with some strategic landscaping, will help make the home more appealing to buyers. In addition, it may be worth updating the flooring, cabinetry, and appliances to appeal to the typical buyer who is seeking a ready-to-move-in property. One of the most significant issues investors face is selling your investment property with electrical systems or structural integrity issues without a Long Island real estate agent. It may be best to sell as-is; however, you should be aware that typically these properties take much longer to sell, and regrettably, this opens the door to meager offers. You also risk legal ramifications for disclosure laws long after closing, even if you didn’t know there was a problem. By choosing an alternative to listing or selling on your own, selling directly to CoMax Properties, you’ll save valuable time and get an offer that you’ll agree is fair for the investment property as-is, with no commissions coming off the top at closing.
Staging and Showings
Take a page from the selling techniques of top agents; hiring a professional stager decreases listing days on the market and garners the highest possible price for the property. Staging highlights the best aspects of the property while allowing buyers to imagine themselves occupying the space and is another method you can enlist to sell your investment property without a Long Island real estate agent. By selecting to sell directly to CoMax Properties instead of selling on your own, you can save the time and money you’d invest for staging and avoid the hassles of showings.
There may be no more important decision than setting the right price when you sell your investment property without a Long Island real estate agent. Set the price too high, and today’s tech-savvy buyers will scroll past the listing, too low, and they may fear there is a problem that hasn’t been mentioned in the listing and avoid the potential trouble. On the other hand, if you’ve got the price wrong, a great deal of time can pass, and this can only bring the price down further, as listings that linger typically sell at much less than market value. By selling directly to CoMax Properties, our direct buyers will provide you with calculations of what you’d earn by listing so that you can compare our detailed offer and decide what is best for your situation. Remember, there are no hidden fees to pay at closing, and CoMax Properties pays the closing costs.
Marketing is the driving force to bring your buyers to the door, so when you sell your investment property without a Long Island real estate agent, be prepared to do what it takes to stand out in the crowd. Your marketing plan should include listing on the top sites and high-quality digital photography by a professional and a 360-degree virtual tour by a drone pilot. Once your marketing is in place, it’s a waiting game. If you’re in a hurry, it can be an excruciating experience when the phone isn’t ringing. However, by selling directly to CoMax Properties, your worries are over because you’ll have a guaranteed closing date.
CoMax Properties is the best choice to sell your investment property without a Long Island real estate agent. On your own, you face a great deal of out-of-pocket expenses and time lost getting ready for the sale, along with the unknown when or if you will close. In contrast, working with CoMax Properties means we take on all of the responsibility. A direct sale to CoMax Properties makes the process quick, easy, and painless with simple contracts. In addition, at CoMax Properties, our direct buyers are honest, and we know the market because we live and work in Long Island. At CoMax Properties, keeping your best interest in mind, our direct buyers are happy to answer any questions you have about the process to help you over any hurdles you face with your investment properties, with no obligation. Call CoMax Properties at (516) 704-7025 or send us a message to learn more!