Generally speaking, Commercial and Residential Properties are our job. On one hand, we are working with many sellers, property owners, builders, and developers. Also, we are explaining everything related to the Properties in Canada on our website. On the other hand, we are dealing with many potential buyers and investors. That is why we are trying our best to have win-win transactions. In addition to providing the best services, we made a team of experienced agents in both categories. In this post, we would like to talk about Selling An Investment Property! So, if you need help Selling or Buying an Income Property, please reply!
When should list your tenanted property for sale? Should you list it while your tenant has a lease in place, at the end of their lease, or wait until they give notice that they are leaving? Timing the sale of your investment property depends on a few factors:
- Your Target Buyer If your target buyer is an investor, the fact that there’s a tenant already in place, and a known rate of return may be a benefit to the Buyer. Of course, if you aren’t charging your tenant market rent, that will be a deterrent to investors.
- Your Goals Your personal financial goals need to be considered when timing the sale of an investment property. Do you need the equity for other purposes? Is your mortgage up for renewal? How would your taxes be affected by a sale?
- The Market What’s happening in the real estate market? Are values in your building or neighborhood increasing or decreasing?
We are here to help our clients during Selling An Investment Property!
BABAK MEHRABI, Real Estate Salesperson