How to get the most money selling your Louisville rental property

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Should I sell my rental property FSBO or with an agent?

If you’ve been thinking lately, where can I “sell my rental property” in Louisville KY? If so, you may be wondering what the best way to go about it is. While some people choose to use a real estate agent, there are several advantages to selling your property without one. In this blog post, we’ll outline some of the benefits of going the for sale by owner (FSBO) route. With this information in hand, you can make an informed decision about whether or not using a realtor is right for you. Thanks for reading!

We recommended selling your house for sale by the owner.

One of the main advantages of selling your rental property in Louisville Kentucky without a realtor is that you typically end up getting more money for your home. This is because you don’t have to pay any commission fees to a realtor, which can add thousands of dollars to the final sale price. Additionally, by going the FSBO route, you are in complete control of your decisions on screening the buyers you want to work with! Here at Louisville Cash Real Estate we have bought and sold over 200 houses in the Kentucky area so we know red flags with buyers instantly when we see them! We always recommend any buyer you work with have a non-refundable earnest money deposit of at least 1% of the purchase price of the property. If a buyer is unwilling to do this then they are not certain they want to buy the house 100% and might end up wasting your time. Another thing to pay attention to is making sure the other company you are working with is credible, any company that has closed transactions should be able to provide past attorney and client references that you can verify. Almost any successful or credible company is on google.com and usually has a Google profile with their address and phone number along with their google reviews. We always recommend checking Google reviews to see other past client experiences.

Things to consider when selling your rental property in Louisville Kentucky

If you are looking to sell your rental property in Louisville quickly and for the most money possible, then consider a few things when selling your property…

  • Is the monthly rent amount above or below market rent in the area? – If the property is below market rent then an investor might offer lower to adjust his numbers to that monthly rent amount.
  • Are your current tenants treating the property with care and keeping it in good shape? – Do your current tenants treat the property well? If you go to show a property you own and there are messy tenants then that will negatively affect how your buyers perceive and see the house.
  • Are your current tenants willing to find another place to live if needed? – The reason this is a good question to ask yourself is because if the tenant is not paying market rent the investor might want the property vacant so they can fix it up to get maximum rent so if you can sell the property vacant you will get more money for the property.

These are all good questions to ask yourself when considering selling your property with tenants and can help you determine the best way to sell your property. When it comes to selling your rental property in Louisville, Kentucky, we recommend working with a reputable and experienced real estate company like us here at Louisville Cash Real Estate. With over 200 properties bought in our local area in the past three years, our team has the experience and expertise needed to get you top dollar for your property!

So if you are looking to sell your rental property in Louisville, Kentucky, be sure to consider the benefits of selling your property without a realtor. With a company like Louisville Cash Real Estate on your side, you can rest assured that you’ll get top dollar for your property and experience an easy, hassle-free sale! We buy rental properties all over Kentucky.

Sell my rental property Louisville Kentucky - We buy rental houses with tenants Louisville Kentucky
Jacob:
So if you’re looking to sell your rental property in Louisville, Kentucky, you’re in the right place. Jacob here at Louisville Cash Real Estate and just wanted to give you a few tips on selling your rental property in Louisville, Kentucky. So if you have a property that you want to sell in Louisville, Kentucky, and it’s a rental, there are a few things that you want to take into account. So if the property is rented, you want to take into account the tenant’s rent versus the market rent in the area. If the tenant isn’t paying market rent, then the investor that comes in to buy your property will probably not give you as much money because they’re going to be buying the property as an investment if it has a tenant in there.

So you need to make sure that the person buying the property can either have a price that makes sense for them to buy it at what you’re renting it out for, be able to have the tenant pay market rent in the area or be able to have the property vacant so that the investor can go in there fully renovate the property to add value to the property, and then rent it out at market rate to another tenant. So it’s never ideal to just have somebody move out or anybody move. So what we’ve done in the past is if there’s a tenant that is paying way below market rent and is not able to pay any higher, what we’ve done is we’ve been able to find them living situations that a lot of times even work better than their current one, at the same rate. And sometimes we’ve even been able to find their rental properties cheaper than what they’re renting at right now, which then saves them costs, which actually helps them out.

So just considering the fact of being able to sell the property vacant versus somebody being in there, you could potentially get more for the property as well. Now with that being said, if your property has really good rent, you might get more money from an investor and you might be able to charge more of a premium, especially if you have leases for the property and the property is kept up well and maintained over time, you’ll be able to get more for the property as well. So those are some factors to decide whenever selling your rental property. And we do buy rentals with tenants in there as well, and we keep a majority of the tenants from the properties that we do end up buying. So those are some things to consider whenever selling your rental property in Louisville, Kentucky. So call our number or fill out that form if you would like an offer today on your rental property. No obligation. And we can get that offer to you soon. Give us a call, at 502-461-1450, and have an amazing day.
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