Liquidating Your Rental Portfolio In Detroit And Working With Local Wholesalers.
Do you need to sell assets in the Metro Detroit area? In our latest article, we will discuss how to benefit from a property wholesaler when liquidating your rental portfolio in Detroit.
Many investors come to a moment in their lives where they need to liquidate their investment properties. Trying to sell each property individually can be frustrating and extremely time-consuming. Finding an investor to purchase your portfolio as a whole can be difficult, and might require you to sell for less than what its worth. By working with a wholesaler, you can sell each property individually to a wide network of potential buyers, all with little to no work from you.
Network of Buyers
A property wholesaler in Detroit will likely have a vast network of buyers they regularly work with. They will be able to get your property in front of the right people at the right time. Many buyers and investors will be able to learn about your home, often times many people whom you wouldn’t have found on your own. In many cases, there will be competitive bids from multiple investors. A great wholesaler will be able to generate buzz, collecting the highest price possible for your Detroit house.
The turn around time is usually pretty quick. Wholesalers are usually working with cash buyers which means no hassles from lenders about the financing. You won’t have to deal with appraisals or worrying that the sale will fall through because the lender pulled the financing. Everyone involved is looking for a fast and easy transaction which makes things simple for you. And with a timely transaction, you are immediately saving money by no longer being financially responsible for the house.
When you work with a wholesaler, they are making their fee when the house sells. You don’t have to worry about paying any commissions or marketing fees to an agent. You simply sell your house for a set price and walk away with a check. You don’t have to bother making repairs or upgrades to the house either, most often, properties are sold as-is. Listing a Detroit house comes with many expenses. By working with a wholesaler, you can avoid the costs altogether and sell your property easily.
If you are liquidating your properties or portfolio assets, you will likely have many things you are dealing with all at once. By working with a wholesaler, all of the work is taken care of for you. The wholesaler will find a buyer on your behalf and facilitate the closing process. You simply collect your check and walk away!
In addition to wholesaling, Detroit Fair Offer offers a wide range of services to investors who need to sell properties in the Detroit area. When it is time to sell, we can help you run the numbers so you can make the selling decision that is right for you.