Selling a multifamily property can be a complex process, but with careful planning and preparation, it can be a smooth and successful transaction. Here are some key considerations for selling a multifamily property:
Prepare the property for sale: Before putting a multifamily property on the market, it is important to ensure that it is in good condition and ready for sale. A good broker can help you determine which improvements will improve the value and which won’t.
Determine the property’s value: The next step is to determine the value of the property, which will depend on a variety of factors including location, condition, rental income, and comparable sales in the area. Get started by using the form to the right. It’s fast, it’s free and there’s no commitment.
Market the property: To attract potential buyers, it is important to market the property effectively. As a full service brokerage, we will create an online listing, post advertising in local newspapers and publications, market the property using targeted email blasts and tour interested buyers through the Property.
Negotiate the sale: Once an interested buyer is identified, negotiations will begin. We will handle the entire transaction, in order to get the highest purchase price and the fastest closing date. We manage all details that must be met before the closing.
Close the sale and 1031 exchange: We’ll make sure the sale closes and if you decide to exchange, we can manage that too.
Selling a multifamily property can be a time-consuming and complex process, but with the right approach and professional guidance, it can be a successful transaction that yields a great return on investment.
To get started, please fill in the form. When we receive it, we’ll get started on pricing the property and will reach out to you with any questions.