- Investor
- Phoenix, AZ
- 17
- Votes |
- 78
- Posts
Got an offer to buy my Rental. Selling cost and advice please.
Hi everyone. I've been getting solicited by other real estate investors looking to buy my rental off of me. I am not exactly looking to sell but may be open to it if the price is right. I've avoided these types of offers because I figure they are trying to get a "deal" and not nearly give me what my property is worth. That being said, if I was to sell to an investor willing to pay cash, I'm guessing that I could avoid the agents and not nearly have as much expense during the selling process. So my question are:
1. Which expenses would I be saving? Would it be just the agents fees or are there other closing costs/fees I could cut out with this type of transaction?
2. Do you think it would be wise to sell to an investor looking for a deal who would be less expensive to sell to and likely more willing to cover certain costs vs. the price I could get selling through my agent?