Selling a property can be a big decision, and there are several factors to consider when choosing how to go about it. One option is to work with a traditional real estate agent, who can help you market the property and navigate the sales process. Another option is to sell the property on your own, which can save you money on commissions but also requires more work and knowledge of the real estate market. Finally, you can choose to sell your property to a local investor in your market city, which may offer benefits such as a faster closing and an all-cash offer. It’s important to weigh the pros and cons of each option and choose the one that aligns best with your goals and needs.
Understanding the Buyer
When it comes to selling your property, professional property investors in Twin Cities, Minnesota offer many benefits. For starters, they tend to close faster than traditional buyers, and often pay in full with cash. This is a stark contrast to traditional commercial property purchases which can require bank qualifications, mortgage underwriting time, and property inspections that can take a lot of time. Furthermore, traditional buyers may not end up qualifying in the end, leading to delays or even a cancelled sale.
Another advantage of working with professional property investors is that there are typically no commissions paid to a buyer’s or seller’s agent. This means you can save thousands of dollars in fees. In contrast, traditional real estate transactions usually involve a commission of 3% per side, which could add up to a significant amount, particularly for high-value properties. Additionally, professional property investors may not charge transaction fees, or if they do, they are usually much lower than the commission or closing costs you would have to pay otherwise.
Finally, professional property investors also offer the convenience of mail-away closings. This is particularly beneficial for out-of-state property owners who may not be able to attend a traditional closing in person. All in all, selling your property to a professional property investor can be a hassle-free and cost-effective way to get a quick sale and move on to your next venture.
No Preparation Necessary
When it comes to selling your commercial property in Minnesota, professional property investors offer a hassle-free option. They typically purchase properties as-is, which means you don’t have to worry about repairs or any unexpected expenses before closing. Some property investment companies even skip the inspection process altogether, making it a truly as-is transaction. This takes the burden off the seller, who can simply hand over the property in its current condition and receive a fair cash offer in return. Additionally, selling to a professional property investor can save you the time and effort of finding contractors to make repairs or improvements, as well as the costs associated with those repairs. Overall, it’s a simple and straightforward option for sellers who want to get rid of their commercial property quickly and with minimal hassle.
Extended Occupancy
Professional property buyers are in it for the investment. They are not expecting to move into the property on the day of closing. Most property investors will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the property when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.
Sell With Confidence
When you decide to use a professional property investor in Minnesota, Minnesota, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your property. You don’t have to worry about your business or tenant’s business clean and orderly, just in case there is a showing. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture your tenants are taking and what they are leaving.
No-Risk
Selling to a professional property investor is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional property buyers already know the state of the property, and they are willing to take on that risk without any requests for repairs.