Is your property listing sitting idly on the market without much interest despite being a lucrative investment prospect? You may have committed an unintentional mistake that’s hindering your success.
The most obvious thing that may have gone wrong is overpricing. Did you try consulting with a real estate professional on what an effective price is or did you insist that the asking price they’re suggesting is incorrect? If there isn’t much activity going on, consider asking for other opinions or check out the comps on a reputable website like Zillow.
Speaking of a real estate agent, take a close look at who it is you’re working with. Is the individual working in real estate for a living or do they do it as side income? Does the person have experience in working with the type of property you’re looking to sell? There is a significant difference between selling a two bedroom single family home in the suburbs versus a multi-million dollar estate overlooking the water. What marketing approaches will they be using? All of these should be taken into account.
This isn’t a major issue with investors, but always remember to examine your property objectively when it’s time to sell. It’s about getting the biggest bang for the buck while ensuring the property is ready for move in.
This update is by Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money loans Miami, please call 954-816-0388 or fill out our application.