The Easiest Ways To Sell Your LA Rental Property

One of the easiest ways to bring in more offers so you can sell your rental property as soon as possible is by pricing it well below fair market value. However, you should be careful not to price it too low as you might scare potential buyers away. They might think that the price is too good to be true and forgo their offer.

Look up the prices of similar homes in your area and search through MLS for pricing options. Your best bet would be to match the prices of homes listed for auction. However, keep in mind that your goal, even though you want to make a sale, is to still generate some income. Price your home below fair market value to attract buyers who are looking to make a quick transaction, but don’t price it too low that buyers start thinking there’s something wrong with your property.

When you’re looking to make a quick sale, make sure that your home is at its best possible condition. Potential home buyers will be more motivated to make an offer for your rental property if it’s liveable and in good condition. That’s because people love buying homes that they can easily personalize without needing to make major repairs.

Aside from making the necessary repairs, you should also look into updating and upgrading your rental property. Look up the homes listed for sale in your area and check out their features. Do they have new bathrooms? Kitchens? A new home security system? Do they have smart appliances? Consider all of this and then decide which upgrade you can add to your property without spending too much money. Remember, your goal, despite wanting to sell your rental property fast, is to generate profit. Don’t go overboard with the upgrades.

Another way you can speed up the process of selling your LA rental property is through throwing in some add-ons to the deal. This is because potential home buyers are more likely to give you an offer when they feel like they are getting lots of value for their money. Some add ons you can include in the deal are carpeting allowance, or throwing in the furniture to furnish the property.

If your potential buyer asks for the furniture or some furnishings that you can give away, just give it to them. Do what you can to make it a good deal for your buyers, but keep in mind that it could mean more money out of your pocket.

Appealing to a buyer means you have a profile of your potential buyer in mind and tailoring your rental property for him. This means that if you want your buyer to be someone with kids, you’ll invest in upgrading your property to having more rooms and bathrooms. However, this option may be more costly than the others. You might also need to consider hiring a real estate agent to help you get your property out there.

However, if you don’t want to do any of this and are just looking to make a quick sale, your best course of action is to sell your rental property to a cash home buyer. You don’t have to make any repairs as cash home buyers buy your property as-is.