Hi,

Do you guys have any advice for me.  I am thinking of selling my turnkey properties in Memphis and Houston.  What do you guys think is the best approach to get a "fair" price.

when we sell our properties, we work with a local real estate agent to determine the highest price the market will allow then adjust it as needed or as negotiated. But these are retail SFH. If you are using a property management company, I'd ask them and try to sell off market.

@Alison Decastro I too have recently sold TurnKey properties in Houston and Memphis. Teaming up with a Real Estate Investment Broker who has a list of investors is the key!

The average Realtor could list your home on the MLS. If you team up with someone who has a Rolodex of investors who are actively looking for their next addition to their portfolio, you will have a better chance of get a "fair" price.

The key is to find a great team! Ideally you would find a company that has everything under one roof. Acquisitions team, renovation crews (fully licensed and insured), Property Mgmt., and a Real Estate Investment Brokerage in case you ever decide to sell.

By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

i have a turn key rental in Stafford a duplex...Been on market less than a month..Great long term tenants ...Been trying to see if I can get it sold near my list.  It's a great cash flowing property but it's my only rental in the city and if I can turn it around it would essentially be a small flip for me.  I bought it thinking of scaling up but I just have too many projects currently in Los Angeles and my day job that's keeping me busy

Feel free to pm me if interested

Originally posted by @Alison Decastro :

Hi,

Do you guys have any advice for me.  I am thinking of selling my turnkey properties in Memphis and Houston.  What do you guys think is the best approach to get a "fair" price.

 get the comps for that area/sale price/similar homes. What does it show?

@Tom Ott-thanks for your response.  I know the value, I want to sell it for close to that.

@Alex J. -I am thinking of selling mine, not to buy another thanks for asking.

@Elizabeth Wilson -I kinda thought it would be worth more as a rental-but who knows good idea-         thanks.

@James Wachob -Who did you use to sell yours?  I think I will first reach out to the company that sold to me.

Thanks all you guys for taking the time to try to help.  Much appreciated.

@Alison Decastro I sold them to my list of investors. I've been building a list of top notch investors for the past 16 years and I have more buyers than I have inventory.