If you are a long term landlord or housing provider, you have weathered all the peaks and valleys of the real estate market. You begin to watch the housing market fluctuate and consider whether you should sell your rental in Kansas City . If you are new to investing, it may be more difficult to decide whether cash now or cash later is better for you. We will explore how to know if you should sell your rental property in Kansas City .
Location
The location of your property will determine the types of tenants you are able to attract and how much time you will need to invest in managing the property. You also must consider the other sales activity in the neighborhood and the current demand for owner occupied homes. If there is a high demand for owner occupied buyers, it may be a great time to sell your rental property for top dollar. When a community becomes popular amongst new homeowners, it may also increase the demand for your rental and drive up your rent. Keep in mind that you may also benefit from higher appreciation in these high demand locations, so it could be worth holding onto the property. On the other hand, if the neighborhood is declining, with crime statistics rising, it may be harder to find good renters and may be time to sell your rental property. If there is opportunity, you may consider selling to your tenant as a lease to own.
Income
At Mastiff Home Buyers , we will outline what you would earn from a conventional sale on the market vs. a direct sale to a cash home buyer in Kansas City like us. We give you all the information you need to decide what is best for you. You can calculate the return on investment or ROI as one way to determine if you should sell your rental property in Kansas City . If it isn’t performing, and you are not sure how to improve it, selling might makes sense. Mastiff Home Buyers can also offer you options to earn more passive income without the responsibilities of being a landlord.
Financial Motivations
Would selling the property allow you to make a move on a better opportunity taking advantage of the 1031 tax-deferred exchange? Knowing you can create a better return on your investment is a good way for an investor like you to decide if you should sell your rental property in Kansas City . Are you trying to hold onto the property because you dread the capital gains taxes? If that is the case, we might have another solution for you.
Personal Motivations
Have personal issues or a sudden financial emergency come up that is driving your decision to sell your rental property? While we do not want you to rush abruptly into a decision, moving quickly may still be a need for you. In that case, a sale to a cash home buyer in Kansas City like Mastiff Home Buyers could be just the solution you are seeking because we can close when it is most convenient for you. Moreover, because we buy houses in as-is condition, you’ll save time, money, and effort by skipping the prepping, listing, and showing process altogether.
Mastiff Home Buyers
Jeramie and Angel from Mastiff Home Buyers can help you sort through all of the factors to help you understand whether or not you should sell your rental property in Kansas City right now. If you decide to sell directly to Mastiff Home Buyers , we want you to feel good about the deal long after the closing, and that is why we make an offer that you will agree is fair. We are your neighbors who live and work here in Kansas City . Please Contact Mastiff Home Buyers at (816) 535-0076 if you have additional questions we can answer.