Selling my SFH rental to renters
My renter who has been living in my AZ property for over 7 years would like to purchase my SFH rental. Since i have quite a bit of equity on the home, i plan to do a 1031 exchange and buy something else. Both sides do not plan on using any realtors . Based on comps , house is between $380k-400k. Since they have been really good renters and have at times been some home improvements themselves without asking me to reimburse, what would be considered a reasonable and fair thing to do?
Would it be fair to say sell for $380k and as buyer, i'd pay for all closing cost?
and/or take 3% off additionally since no realtors are involved?
Most Popular Reply
hey @Marcus B Hsu
If there are no realtors you would take 6% off right?
Do you think using a realtor and putting it on the market would be worth the realtor fee? If it's a sellers market there I would consider it. If you don't get any good offers, take it off the market and sell it to your renters.
Amil