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Corey G.#3 Tax, SDIRAs & Cost Segregation Contributor
  • Investor
  • Phoenix, AZ
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Got an offer to buy my Rental. Selling cost and advice please.

Corey G.#3 Tax, SDIRAs & Cost Segregation Contributor
  • Investor
  • Phoenix, AZ
Posted May 14 2019, 18:15

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? 

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