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Sunday May 20th 2012

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How to Sell Your Investment

How to Sell Your Investment - 

Eventually, you may want to sell your Real Estate Investment. Of course, this will depend on the investment you own and the exit strategy you chose when you acquired your investment in the first place.

For example, if you are working with referrals or assignments, they already have a built-in exit strategy. You are looking at these investments with the intent to sell to an investor. When you are working with Lease Options, you are leasing the investment property to the Tenant Buyer who will eventually buy the property from you at the agreed to Option Price. That is, of course, should they be able to exercise their option and nothing goes wrong.

When you buy a property as part of a “Buy, Fix and Sell” strategy, you will want to sell at the best price and you will want to sell fast. The best way to do this is to hire a Realtor. A good Realtor will be able to market your property properly so you get the best return for your investment. They will be able to sell it faster so that you don’t end up carrying the property for too long.  The longer you carry the property, the longer it is on the market, the less profit you make because of all of your carrying costs such as mortgage, taxes, utilities, etc. Time is money.

If you own a rental unit as part of a “Buy, Rent and Hold” strategy, you should also consider using a Realtor. Sure, you may have more time because you have a positive cash flow from the building and you don’t have to carry your expenses. But just think of all the time you are wasting advertising the property, showing the property, etc. You want to focus on the things that bring you more money. You are selling for a reason and a good Realtor can help you sell fast and actually pay for their commission in the long run.

I try to always use a Realtor when selling any of my properties.

Happy Investing

Jim Pellerin
The Realty Millionaire
Making People Rich Using Real Estate

Investor, Advisor, Speaker, Coach, Writer

My Book: 7 Steps to Real Estate Riches
My Blog: The Realty Millionaire
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© 2012, JimPellerin. All rights reserved.

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