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Kansas City Multifamily Home | Tips for Selling

April 22nd, 2019

Kansas City Multifamily, Kansas City MO multifamily, kansas city multi-family

Here are some great Tips for Selling a Kansas City Multifamily Home

2019 is a terrific year for selling multi-family property in Kansas City given the rise in millennial buyers, the vigorous job market, and steady reduction in mortgage rates.

Buyers across Kansas and Missouri are increasingly interested in investing in multifamily homes, and as one of the leading multifamily brokers in MA, we can help you understand the basics of successfully selling your property with a handsome profit.

Let’s take a look at some industry insider tips for selling a multifamily home in Kansas City:

Do your Homework

It is important for multifamily property owners to do their homework, review all lease agreements, and prepare themselves for the selling process. Selling a multifamily property in Kansas is far more challenging than a single-family home, and these properties are primarily purchased by investors looking to open up new income streams. Selling of multifamily properties with uncooperative tenants can be a terrible ordeal, and property owners need to be mindful about respecting the rights of their tenants.

Home Maintenance & Improvement

As with any other property, a prospective buyer will only be attracted to your property as long as it is well maintained and attractive. Be sure to boost the curb appeal of the property by beautifying the garden, planting some rose bushes, and trimming away all shrubs and weeds that destroy the view.

The upkeep and improvement doesn’t stop at the curb appeal, but in fact, it also involves decluttering all the mess, and extensively cleaning up all the major parts of the property, including the rooms, kitchen, and laundry. The parking space must also be in pristine condition, and be sure to examine all the doors, locks and cupboards to make sure nothing is creaking or damaged.

Hiring Top Multifamily Brokers in Kansas

Hiring experienced and competent multifamily brokers in MO is an important decision for selling any kind of multifamily property, which tend to be trickier and challenging than other residential properties.

Much like a commercial real estate agent cannot help you sell a waterfront property, you need a top multifamily real estate broker with extensive experience in selling multifamily properties, and dealing with home staging and showings while tenants occupy the property.

The sale of a multifamily property involves a great many complexities and legalities, and at Lutz Sales + Investment, we address all your worries and woes, be it an uncooperative tenant, financial complexities or lease agreements.

 

Buying and Selling Apartment Building in Kansas City

April 1st, 2019

sell rental property kansas, sell rental kansas, list rental kansas, kansas rental properties, kansas multifamily brokers, for sale rental business, duplex for sale kansas, triplex for sale kansas, fourplex for sale kansas,Here are some things to consider when Selling an Apartment building or Rental Property in Kansas City

Buying rental property in Kansas is considered one of the healthiest, most profitable investments one can possibly make, but selling a rental property is even more profitable and lucrative for investors and those who seek an early retirement.  Whether your buying or selling an apartment building in Kansas City, MO, research is key.  You need to know if its a buyers or sellers market as it compares to the rental market.

As one of the leading real estate apartment brokers in Kansas, Lutz Sales + Investments has prepared a brief guide that will help you address some crucial questions and aspects of selling your rental property.

Let’s get started…

When is a Good Time to Sell?

Sellers often struggle with the question of scheduling the sale of their rental property. Is now a good time, or should you wait another six months? Perhaps, it would be a smarter move to wait a few more years so that property value can increase. It is important to note that the real estate market is volatile and competitive, and the best time to list a rental property is always today!

Selling and investing in rental properties and apartment buildings in Kansas is one of the most bankable investments, and selling now will allow you to cash in on your investment. This money can be used to make commercial property investments, or other ventures that will help you gain greater financial stability. Besides, it will also help you eliminate the constant tirade of home improvement, repairs and maintenance needs.

Should you repair your Rental Property before Selling?

Deciding upon repairs and creating a budget for these improvements is another challenge that troubles the minds of sellers. Repairing and improving a rental property before listing it up in the market is always a great idea, as long as you can afford the improvements and repairs you intend to undertake.

Naturally, any repairs or home improvement measures you choose to undertake will help increase the market value of your home, however, spending more money than the actual market value, merely to fix up extensive repairs, is never advisable.

Should you Hire a Real Estate Agent in Kansas?

Selling off rental properties with multiple tenants, multifamily properties Kansas or apartment buildings Kansas can be an extensive process that involves multiple complexities and legalities. You will need an experienced real estate agent with a specialty in rental properties in Kansas to ensure that your interests are well looked after, and you avoid violating any of the multiple laws and regulations that apply to the sale of rental properties.

At Lutz Sales + Investment, we specialize in listing rental properties across Kansas City and Missouri, and you can book an appointment to consult our top real estate agents on the profitability prospects of selling your rental property.

 

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