There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could sell your property to a Orlando investor. Read on for the pros and cons ..
Understanding the Buyer
Professional property buyers in Orlando, FL typically close faster than traditional multi-family buyers, and usually pay full in cash or may use hard money – which doesn’t have the same requirements as traditional lenders. Traditional multi-family property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. When working with an investor, there are no commissions paid to realtors, which means more money in your pocket – where it belongs! Professional multi-family property buyers typically do not charge transaction fees; we call those junk fees! They also provide mail-away closings which is a wonderful thing for out of state owners and for those with a busy schedule.
No Preparation Necessary
Professional property buyers in FL will usually purchase real estate as-is. As a seller, this means you don’t have to pay for any repairs before closing. There are some companies that do not require inspections which makes it a truly as-is transaction. However, buyers will typically ask for access to the property to make sure they are getting what you stated on the phone. Many buyers will move forward with a contract without initially seeing the property because they know they area well and have a formula for running numbers for offers that works with their business model.
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. However, the professional buyer may want to keep the tenants in place, especially if they are paying market rent. Often, the leases will be honored and security deposits transferred to the new owner at closing.
Sell With Confidence
When you decide to use a professional multi-family property buyer in Orlando, FL, like Angie Buys Houses Central Florida, it is simple and straightforward. You know what and who you are dealing with. The goal is to take the headache away and allow you to move on. 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 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. No need to get a dictionary out to figure out what you are signing! Don’t worry if the property isn’t up to code or needs major repairs. Professional multi-family property buyers already know the state of the property, and they are willing to take on that risk. They have weighed out the risk vs reward and if they make you an offer, they have decided it makes sense for their business.