5 Things You Should Know About Selling Your Multi-Family Property To a Eugene Investor

multi-family

There are many reasons why you would want to sell your property, and you have different options for selling. You could use a traditional real estate agent, you could try to sell your property by owner, or you could make it easy and sell your property to a Eugene investor.

Understanding the Buyer

Professional property buyers in Eugene, OR typically close faster than traditional multi-family buyers, and usually pay full in cash, but experienced investors have many other purchasing options. Traditional multi-family property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 3% per side, so if you sell your property for $200,000, you would have to pay $12,000 in commissions alone! Professional multi-family property buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners.

No Preparation Necessary

Professional property buyers in OR will usually purchase real estate as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. Some of the sellers documentation that we do need are current seasoned rent rolls, P&L statement and possibly your Schedule “E” from your income tax returns.

Extended Occupancy

Professional multi-family property buyers are in it for the investment. They are not expecting to move into the property on the day of closing. Most multi-family property buyers will allow a move-out timeframe after closing to allow your tenants to relocate at their own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the multi-family property when you leave. 

Sell With Confidence

When you decide to use a professional multi-family property buyer in Eugene, OR, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your property. You don’t have to worry about agents botching up the sale due to lack of experience in dealing with commercial transactions. You don’t have to worry about tenants leaving their home spotless every day before heading to work, just in case there is a showing while they’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.  

No-Risk

Selling to a professional multi-family property buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional multi-family property buyers already know the state of the property, and they are willing to take on that risk. You can expect a very professional and structured sale with an investor like The Flip Sharkz.

Call Flip Sharkz today at 541-780-2424 or send us a message to discuss selling your multi-family property to a Eugene investor. We can go over your property and let you know its market value and get you on your way to selling your property.

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