Rental properties are an excellent investment, but they are a lot of work. If you have owned this house for a while now, maybe you are asking yourself, is it time for me to sell my rental property? Will this benefit me financially? If I sell this property, will I lose money that I could have been gaining through renting it out? These are all excellent questions, and definitely ones that you should consider heavily.
Here is a detailed look into the pros and cons of selling a rental property.
Pros of Selling the Home
A nice profit from selling the home.
No more late phone calls to fix a broken pipe or any other management problems a tenant requires.
No more complaints from tenants.
Don’t have to pay to fix up the place after every vacancy.
Peace of mind from removing the “landlord” title from your life.
Cons of Selling the Home
Miss out on extra monthly income.
Loss of a potential retirement if you sell too early.
Takes a long time to sell an investment property.
You may have to put a lot of your money into fixing up the place because of careless tenants.
These are some of the few pros and cons of selling your rental property. Turn these points into questions. Are these things listed above a problem? Have my previous/current tenants been a burden? If I sell this home, will I lose a lot of extra monthly income? Is the housing market in a good place to profit off of the rental property? Some of these simple questions can help outweigh the different decisions you can make.
If you’ve decided that it’s time to sell your rental property in Wisconsin, then you are probably wondering where to start. This can be an excellent decision emotionally and financially, but the selling process brings on its own set of challenges.
First, you need to see the condition of the home after it has been rented out for so long.
Here Is an Idea of Some Questions You Can Ask Yourself
Are there expensive repairs that need to be made?
How much money will they cost?
How much time will it take me to make these renovations?
Will I profit more than what I paid for the repairs when I sell the home?
Will I be able to afford the property while I fix up the place/wait for it to sell on the market?
Will I find any interested buyers since this house was rented out so many different times?
These are tough questions to answer after you’ve rented out the property. You probably aren’t getting the answers you would like to have. Selling a home is more than just putting it on the market.
Between hefty realtor fees and expensive repairs, you may miss out on the big profit that you were hoping to get.
After all, it was your “investment property”, it would be nice to see a large return right?
You are probably asking yourself, “Well, I lose if I keep the home and I lose if I sell the home. So now what?” That is why Fair Deal Home Buyers in Wisconsin is here to help you ease your burdens.
We are cash buyers in Wisconsin and we want to purchase your home as is. This means you don’t need to make any repairs, list the home on the market, pay extra realtor fees, or spend countless hours on needy tenants.
We will come out to your property as soon as you would like, make you a cash offer, and have the money in your hands in seven days. We don’t fall through with the sale, we just want to purchase your home from you as is. If this sounds like something you are interested in, contact us today at 414-409-8251. If you have other questions, feel free to contact us for more information. We look forward to hearing from you.
Everyone that I worked with was genuine and helpful through the whole process. I think highly of the company and everyone I talked with in person and by phone/text. I highly recommend this company.
We have enjoyed working with everyone from Fair Deal Homes. Everyone from you and Peter, to the inspectors, to Jackie at the title Co, were all a pleasure to work with.
This was an awesome experience. Fair Deal Home Buyers were exactly that--fair dealing. Peter and Shan were both excellent in helping us, explaining the process, and providing a smooth transaction. This was an excellent experience from start to finish. I could not be more pleased! Totally first rate all of the way!! Thanks, Fair Deal Home Buyers!!
This was a great process for me there were no hidden things that came up everything that was said at closing was delivered the staff was very helpfulf especially Beza she was awesome. I would highly recommend fair deal to anyone.
It was very enjoyable working with this company . They are very understanding . Hard working and move as fast as you want them too. I would definitely use this company again. Thank you very much Ben have a great day!!
The process was way easier than I ever would have thought! Fair Deal is by far the way to go! Everyone is super helpful, up front about everything truly top notch the list goes on! From the first phone call to start the process of selling to the closing was nothing less than perfect! Beza was super helpful and prompt on any ? Or concerns we had.
Fair Deal Home Buyers were excellent to work with in selling our home from start to finish. They were upfront and honest through out the process. I highly recommend them.
Everything went smoothly and everyone made time for our work schedule as well for our dogs scheduled I would recommend fair deal home buyers LLC to all who seek to sell there home thanks to all who helped
I recently had the pleasure of working with Ina at Fair Deal Home Buyers, and I must say, it was an outstanding experience from start to finish. Ina's professionalism, expertise, and genuine care for her clients truly set her apart. I wholeheartedly recommend her services to anyone in need of assistance. Thank you, Ina, for your outstanding help!
My experience with Fair Deal Home Buyers was extremely professional and highly ethical. The entire team communicated daily with any updated information needed to streamline my selling process. I recommend Fair Deal Home Buyers for those in search of a highly ethical, professional, and team oriented real estate company.
If you are looking to sell your house, Fair Deal Home Buyers LLC are very professional and they won’t try to low ball you on the value of your property. Very respectfull and helpful when you have questions or concerns. Beza was my main contact and she was wonderful and prompt getting back to me with the questions I had and processing the paperwork. If you are looking to sell your house, give them a call, you won’t be disappointed.
Polite courteous very professional staff everybody I work with there understood my needs and worked in cooperated to make sure that they happened . I would highly recommend them to anybody.
Each person was easy to work, very professional. The process was quick and went smooth each step of the way. Would recommend Fair Deal Home Buyers to anyone who looking to quickly sell their home
If you find yourself needing to sell your house quickly and want to work with trustworthy home buyers who offer fair deals and exceptional service, Fair Deal Home Buyers are definitely the way to go. I couldn't be happier with the outcome. Give them a call, and you won't be disappointed.
Fair deal home buyers are a life savers, I had an urgency to sale my parents house that I inherited and had some complications with the POA but Amir Erez was so helpful speeding up the process with their lawyers and in three weeks they closed on my house and I got cash in my hand to be able to move on. Thank you guys for your help. Definitely recommend it.
Our experience selling our home with Fair Deal Home Buyers was a positive experience. They were quick, efficient, and worked with us, even though we were no longer in town.
We had such a great experience working with Nina. She made the process so easy! She presented our options clearly so we were able to make an informed decision to sell our house quickly. She listened to us and paid attention to every detail - HIGHLY recommend!
As a buyer from fair deal, I would recommend them! They were fast in their communication, kind in their interactions and clearly seems to have everyone’s best interests at heart. Working with Tiffany was a great experience. I love working with people who are kind, fair and clear in their communication. I’d recommend them to others, and have! -Dave
Fairdeal Home Buyers is an outstanding company. The process with them was seamless with no surprises at all. They closed in a timely fashion and I received my asked for my property.
I am very happy with the service I have receive from Fair Deal Home Buyers. The whole procces has been very simple and easy to understand. I'm moving in from out of state and i don't think I could have found a easier and better way to move in to my new home. Thank you so much.
I recommend Fair Deal Homebuyer well detailed information about what to expect from them it was fast deal they offer and we agree .It was really fast and fair
They are great to work with. Professional, kind, responsive and straight forward. I learned getting a cash offer for a house does not have to be complicated or take a long time, thanks again!