Dealing with a problematic rental property can be a major source of stress, as figuring out the best course of action can take up valuable time and effort. One option is to list the property with a real estate agent, but this route comes with its own set of challenges, such as high fees, costs, and an uncertain timeline, not to mention the monthly expenses of utilities and maintenance while the property remains on the market. The idea of a “For Sale by Owner” (FSBO) might seem appealing in order to avoid agent commissions, but the success rate for FSBO listings is low, with only 11% of properties selling and often for a lower price than those handled by an agent.
In order to find a solution to your problematic rental property in Memphis, it’s important to consider all of your options. Here are three alternatives to consider that can help you put an end to the headaches associated with managing a bad rental property.
Bad Location
If your rental property is located in a less-than-ideal neighborhood, it can be difficult to make a successful exit from your investment. Poor rental locations can decrease your property’s value and limit your pool of potential tenants. This can cause your returns to suffer and make it hard to sell your property quickly and efficiently.
However, instead of trying to sell through a real estate agent and dealing with the costs and uncertainties that come with it, you can consider a direct sale to a professional buyer like those at Greater Buyers. They will help you avoid the stress and expenses of traditional selling methods and provide you with a quick, easy, and cost-free solution. With their guaranteed closing in just a matter of days, you can say goodbye to your bad rental property and start enjoying life again.
Bad Investment
If you are struggling with a property that requires constant repairs, it may be time to consider a direct sale to a professional buyer like Greater Buyers. Our professional buyers understand the difficulties of investing in real estate and the challenges that come with managing a property in need of rehabilitation. That’s why we offer a simple and straightforward solution: we will buy your property as-is for cash, with no commissions or hidden costs. Our goal at Greater Buyers is to provide a transparent and fair process, so we will provide you with a detailed comparison of your costs and profits from a conventional listing versus our direct offer. Our local professional buyers are members of the Memphis community and are dedicated to helping residents solve their real estate problems. By choosing Greater Buyers, you can escape the stress of managing a money pit and start enjoying the benefits of a hassle-free property sale.
Greater Buyers
The easiest thing you can do with a bad rental property in Memphis is to sell directly to professional buyers at Greater Buyers. At Greater Buyers, our professional buyers have optimized efficiency and lowered costs with a full-service in-house team of industry specialists to handle everything, saving you even more money and time. Let the professional buyers at Greater Buyers help you locate your next investment so that you can take advantage of the tax benefits of a 1031 exchange. Ask your professional buyer from Greater Buyers about our current inventory of the best investment properties available in Memphis. In addition, the team at Greater Buyers includes property management pros who can help you with everything from clean-outs to tenant placement or on-site management and protect the remainder of your holdings from becoming bad rental properties in Memphis. Call Greater Buyers at (877) 853-3400.