Selling Rental Property
How to Sell Rental Property in Utah?
It really depends if you decide to list the property or sell to an investor. Most of the time listing an investment property takes a little timing. To maximize the proceeds from the sale of the property, you will need to wait until the lease is up and then make the necessary repairs.
The option to sell an investment property to a cash home buyer is perfect if you want a quick sale no matter the condition of the house or if there are tenants.
How long does it take to close?
That depends on a few factors. I can close on a property in as fast as 2 days if there is no mortgage or the mortgage payoff is available and there are no liens to be considered. If there are liens or judgements against the property you want to sell, it will take 7 to 14 business days to close in most cases.
What if I need money before we can close on the property?
I can advance to the seller up to $10,000.00 as soon as the property is under contract. This can come in very handy if it will take a few weeks to close, and you need the money for immediate needs.
Can I sell my rental property with tenants?
We will purchase the property with tenants or family members living in the house. We will honor the current lease you may have and treat the occupants fairly. I will make sure that selling rental property with tenants is easy for you.
What if my rental needs a lot of repairs?
I understand that tenants can be hard on a property especially if there have been pets living in the property. It can be expensive just to make minor repairs, paint the house and install new carpet. Add to that more complex home repairs that may be needed, and the costs can be 10’s of thousands of dollars.
Many people would be surprised to find out that their rental properties are contaminated with methamphetamine (meth). Meth testing is routine when listing your rental property with a real estate agent or selling the property to an investor because meth contamination is such a problem. The initial testing for meth is easy and can be done by anyone; however, the test procedures must be carefully followed. I would be happy to let you know what test to use and how to use it.
Is it OK if I am behind in my mortgage payments?
Yes. It doesn’t matter if you are 1 month behind or 6 months behind in your payments. I can help even if you are in foreclosure or have a foreclosure sale date scheduled.
Can you help me if I inherited a rental property?
Yes. I can help with getting your inherited house sold or getting probate completed so you can sell the inherited property. I will also be happy to review all of your options with the heirs of the property and never an obligation.
Please Call or Text (801) 382-9199 with any questions.
There is never an obligation to talk with me about your property.