When the time comes to sell a rental property, do you . . .

When the time comes to sell a rental property, do you . . .

Rental Property Investor · Indianapolis, IN · Member since 2018 · 11 posts · 2 votes

Sell it to another investor?

Sell it on the open market?

The other agents that I've used for the purchase of my properties are either not acceptable or not available.  I'm now in the market to find a great agent on the south side of Indianapolis and I'm trying to decide if I should market the home to other investors or just to the general public.

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  • Real Estate Consultant · Cleveland · Member since 2020 · 6k+ posts · 3k+ votes
    2y
    Quote from @Geoff Nielson:

    Sell it to another investor?

    Sell it on the open market?

    The other agents that I've used for the purchase of my properties are either not acceptable or not available.  I'm now in the market to find a great agent on the south side of Indianapolis and I'm trying to decide if I should market the home to other investors or just to the general public.


     List it, You do not need an agent, 

  • Morris County, NJ · Member since 2020 · 5k+ posts · 2k+ votes
    2y

    @Geoff Nielson

    Whomever gets you the most suitable deal...

    Maybe its a way to shop around for another agent if you have more business in that area.  Yes, both your approaches have their pro's and con's.  It just depends on what criteria fall in the pro vs con column...

  • Jake KnightPro Member
    Property Manager · Indianapolis · Member since 2017 · 303 posts · 146 votes
    2y

    Most of the properties we sell are to people that are looking for a place to live. Since values have likely increased since you purchased the property it may not make sense to an investor.  I would just open it up to any buyer so you can get the best deal possible. The Southside has grown significantly so it's  attractive for a lot of reasons.

  • Real Estate Consultant · Indianapolis · Member since 2019 · 80 posts · 81 votes
    2y

    @Geoff Nielson I am here in Indy and I do 3rd party consulting. I've been doing this for 20 years. I do not list properties or act as an agent. I have no interests in it. If you would like to just chat about what you have maybe I can give you some unbiased opinions on what to do. DM if you would like. 

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