Is Selling My Damaged Rental Property in Memphis to a Cash Buyer a Good Idea?
If you are looking to sell your rental home, then there are a few things you’ll need to keep in mind when deciding how to go about the process.
- The condition of the home
- The time frame of needing to sell
- Whether tenants are still living in the home
Selling a rental property may be the most freeing thing you do for yourself. Being a landlord can be stressful and time-consuming. Between tenants complaining about every minor problem with the place or the tenants who don’t complain, but you discover they have destroyed the place to oblivion, you are probably tired of the title of landlord.
If you discover that your tenants have completely trashed the place, then it is probably time for you to sell the property. So where should you get started if you have damaged rental property and you don’t want to repair it or deal with it any longer? It’s simple. Contact a cash buyer! There are so many reasons why a cash buyer is going to be the perfect resource in this situation.
We Will Purchase Any Home in Any Condition as Is
Cash buyers do not require you to make any repairs or renovations. You won’t be required to do anything except say goodbye to your title of landlord. You don’t even need to clean up the place, a cash buyer will buy it in any condition.
This is the biggest advantage of selling your property in Memphis to a cash buyer. If you try to sell the place on your own or through a realtor you are going to have to make some major repairs and renovations. The home will have to be in a condition that will appeal to interested buyers. What is going to make them interested? Something that looks pleasing to the eye. A place where they can see themselves living in and calling home.
Repairs and renovations generally cost thousands of dollars. Usually, when you make these changes you are not going to see the return because it won’t raise the value of the home. It is just going to be expected from your realtor and potential buyers. Selling to a cash buyer will allow you to keep your money in the bank and sell your property as is.
Speedy Process/Pays with Cash
Selling a home can be stressful because the buyer is never a for sure buyer until the process is over and they close on the property. The reason why is because buyers have to get approved for the long process and qualify for the consumer loan. This can be dragged out until the very last day of the 30-45 day process only to have the sale fall through or the buyer back out.
Selling to a cash buyer is great because they not only guarantee the sale will go through, but they pay with cash. Since they already have the funds available you don’t have to go through a long closing process. They are able to close the deal in a short seven days once you accept the offer.
As stated above, cash buyers don’t fall through. Here at MemFixerUpper, you can count on us to purchase your rental home. Don’t waste another second worrying about a place that you have already given up on. Call us today at 901-437-0154 and we will help walk you through this simple process. We look forward to hearing from you!