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 Southwest Michigan investor.
Understanding the Buyer
Expert property purchasers in Southwest Michigan, MI frequently finalize transactions at a faster pace compared to traditional multi-family buyers, and typically offer full payment in cash. Conventional multi-family property acquisitions usually necessitate bank qualifications, mortgage underwriting periods, property inspection timelines, and there is a possibility that the buyer may not eventually qualify. Additionally, there are usually no commissions paid to a buyer’s or seller’s agent, leading to substantial savings amounting to thousands of dollars. The standard commission charged is typically 3% per side, so if you sell your property for $200,000, you would have to pay $12,000 in commissions alone! Professional multi-family property buyers may not levy transaction fees, and if they do, they are significantly lower compared to the commissions or closing costs you would have to pay otherwise. They also offer mail-away closings, which is a great advantage for out-of-state property owners.
No Preparation Necessary
When it comes to selling your real estate property in MI, opting to sell to professional property buyers can have several advantages, one of which is that they typically purchase real estate “as-is.” This means that as a seller, you need not worry about carrying out any repairs or incurring additional expenses that were not part of your plans. In contrast to conventional property sales, where the seller is often required to make costly repairs or upgrades to the property before it can be listed, selling to professional property buyers can be an excellent alternative. Moreover, certain companies that purchase real estate in MI may even forego property inspections, making it a truly as-is transaction that can save you both time and money. Overall, opting to sell your property to professional buyers in MI can be a convenient and efficient way to sell your property without the stress and expense associated with traditional real estate sales.
Extended Occupancy
Professional multi-family property buyers are focused on making an investment, rather than planning to move into the property immediately after closing. In fact, most multi-family property buyers typically allow for a move-out timeframe after the closing, giving your tenants ample time to relocate at their own pace. This can be incredibly helpful, especially given the fast closing timeframes that professional property buyers often offer. Additionally, you may not even need to clean the multi-family property before you leave. Your tenants can simply pack their personal items and any furniture they wish to keep, and leave the rest. This can be a significant advantage, as cleaning a multi-family property can be a daunting and time-consuming task, particularly if it has been occupied for a long time. By allowing your tenants to leave their unwanted items behind, you can save both time and money, making the entire selling process smoother and more convenient.
Sell With Confidence
Choosing to work with a professional multi-family property buyer in Southwest Michigan, MI can be a stress-free and straightforward experience. With a professional buyer, you need not worry about dealing with the various emotions and frustrations that can come with selling your property. There will be no intrusive, last-minute phone calls during dinner asking you to show your property, and you need not fret about your tenants leaving their home immaculate every day in case of a showing. Furthermore, you need not worry about running into a buyer’s agent or their clients, or dealing with questions that you should not answer. With a professional buyer, you can avoid the possibility of buyers arguing with you over which furniture your tenants are taking and what they are leaving behind. Overall, working with a professional multi-family property buyer can make the entire selling process easier and more convenient, allowing you to focus on what really matters.
No-Risk
Selling your multi-family property to a professional buyer can be an incredibly straightforward process. Professional buyers are typically transparent about every step of the transaction and often use simplified, as-is purchase agreements that are easy to understand. This can help to minimize any confusion or misunderstandings that could occur during the sales process. Furthermore, selling to a professional buyer can help to reduce your exposure to legal risks. With a traditional real estate contract, there is always the potential for the buyer to sue you if they feel that they were not provided with all of the necessary information or if they believe that the facts were misrepresented. However, when selling to a professional multi-family property buyer, you need not worry about legal risks as they are already aware of the property’s condition and are willing to assume that risk themselves. This can provide peace of mind, knowing that the transaction will be straightforward and low-risk, allowing you to focus on other things.