Numerous factors might prompt you to sell your property, and you have several alternatives to consider. You could opt for a conventional real estate agent, attempt to sell the property yourself, or sell it to an investor in Southwest Michigan.
Understanding the Buyer
Typically, in Southwest Michigan, MI, professional property investors close deals more quickly than traditional buyers and make full cash payments. On the other hand, traditional commercial property purchases require bank qualifications, mortgage underwriting, property inspection, and there is no guarantee that the buyer will qualify in the end. Furthermore, buyers and sellers agents usually do not receive commissions when dealing with professional property investors, resulting in significant savings. In general, a 3% commission is charged on each side of a transaction, which means that if a property is sold for $200,000, the commission alone would be $12,000! Moreover, professional property investors often have minimal transaction fees, which are much lower than the closing costs or commissions that would otherwise be required. Another advantage of working with professional property investors is that they often offer mail-away closings, which can be very convenient for out-of-state property owners.
No Preparation Necessary
Professional property investors in MI will usually purchase commercial properties as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections when selling your commercial property, which makes it a truly as-is transaction.
Extended Occupancy
Professional property buyers are primarily interested in the investment aspect of a property purchase, and they typically do not intend to move into the property on the day of closing. As a result, most property investors are willing to provide a move-out period after closing, allowing you to relocate at your own pace. This can be particularly beneficial, given the fast closing timeframes that are typically associated with professional property investors. Additionally, in some cases, you may not even be required to clean the property before you move out. You can simply pack up your personal belongings and furniture that you want to keep, and leave the rest for the new owners to deal with. This can save you a significant amount of time and effort, especially if you are dealing with a busy schedule or have other commitments to attend to.
Sell With Confidence
One of the biggest advantages of working with a professional property investor in Southwest Michigan, MI is that you can avoid the emotional roller coaster that is often associated with traditional property sales. With a professional property investor, you won’t have to deal with frustrating, middle-of-dinner phone calls asking you to show your property, nor will you have to worry about keeping your property clean and orderly in case of a showing. You won’t have to worry about running into buyer’s agents or their clients, and you won’t have to deal with answering their questions. Additionally, you won’t have to worry about buyers arguing with you over the furniture or personal belongings that your tenants are taking with them or leaving behind. All of these stressors can be avoided when working with a professional property investor, allowing you to focus on the sale of your property without the added stress and hassle.
No-Risk
Selling to a professional property investor in Southwest Michigan, MI is typically a very straightforward process. They will provide clear and concise steps for the entire transaction and usually offer simplified, easy-to-understand purchase agreements that outline the terms of the sale. Additionally, when selling to a professional property investor, you can often expect to have less exposure to legal risks. You won’t have to worry about the buyer discovering something about the property or the neighborhood that you were unaware of, or any potential legal issues arising from information that was not disclosed. This is because professional property buyers are usually well-informed about the state of the property and are willing to accept any associated risks without requesting additional repairs or information. This eliminates the potential for the buyer to sue you for any perceived misrepresentations or inaccuracies, which can be a significant concern when selling a property through traditional real estate channels.