How To Save Money When Selling Your Investment Property in Colorado Springs

Selling your investment property doesn’t have to be expensive or time-consuming. Learn more about your selling options in our latest post!

Listing a Colorado Springs house is neither the best way or the only way to sell it. From repairs to agent commissions to the cost of waiting (while still handling the upkeep), selling with an agent can get expensive pretty quickly. In this post, we will give you some selling options so you can get the best price possible in the least amount of time.

Sell Your House On Your Own

By selling on your own, otherwise knows as FSBO (For Sale By Owner), you will avoid the agent’s commission. But, you will still need to pay for marketing and closing costs on your own. If you are lucky, very lucky, you will likely find you are spending several hours per week screening calls, answering calls and scheduling property showings when selling your investment property. You will need to pay for repairs, listings and the continued maintenance of the house for as long as you own it. According to statistics, selling on your own will take more time than if you chose to list with an agent, meaning your monthly costs of ownership will add up fast. Selling the house will save you the agent’s commission, but that’s about it. Everything else from the marketing to the contracts to the negotiations is on you.

Sell To A Professional

There are many benefits to working with a professional home buyer such as Swift Results, Inc.. You will be able to sell quickly, allowing you to move on and end your responsibility for the home. You will not need to continue paying for the maintenance of the property. You can say goodbye to the taxes, utility bills, homeowners insurance, and other costs of ownership. You will not need to spend a dime on repair costs or having the house professionally cleaned. The convenience factor will allow you to sell quickly, which will allow you to use the proceeds from the sale on another investment if you want. Many investors choose to sell their properties to other investors as they both know exactly what the property’s value is. There is no-nonsense, just a straightforward and mutually beneficial sale.

If You Do List…

Don’t Bother Upgrading

If you decide to list it, you can save money by only fixing up what is absolutely necessary. If the house needs upgrades or looks outdated, consider leaving it up to the new owners to customize the house to their taste. You can offer a credit for the upgrade or other incentives to encourage people to give your property a chance. In fact, many buyers will appreciate having the opportunity to fix things up to meet their dreams. Imagine, if you spent a ton of money on a kitchen, only to find out that something you picked out is actually what drove a buyer away. Everyone has different tastes, and allowing the prospective buyers to incorporate theirs can actually help you with a sale.

Price It Right

If you decide to list your Colorado Springs property, make sure it is priced right. Many people will overprice their homes because they do not know the actual value. Some agents have been known to hype up the price in order to get you to sell with them. If it isn’t priced right, it will sit on the market, period! While this is going on, it will gradually lose its appeal to potential buyers. Many buyers will think that if a house sits on the market for too long, there is likely a reason why. There must be something wrong with it, so why bother looking at it. Learn the real value of your home before trying to sell it. This way you can gauge your expectations, and avoid being disappointed if you receive offers you perceive to be low. Our team can help you determine the real value of the property and make you an offer for it right away.

Interested in selling your investment property in Colorado Springs? We can help! Contact our team today! (719) 548-4755

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