Since there are buyers looking for investment properties, there’s a reason why yours expired off the market unsold. It might have been because it wasn’t marketed properly, but it also might have been due to an incorrect price.
Determining the proper price for an investment property is a little different from determining the price for a single family residence. Instead of square footage, bedrooms and baths, property size, and amenities, the price has to be tied to income potential.
So unless your previous agent was experienced in figuring cap rates based on income, expenses, and vacancy rates, and unless he or she knew how to evaluate the competition, the price might have prevented serious investors from considering the property.
Without looking at the actual numbers and viewing your property, I can’t tell you if price is the reason why your property didn’t sell. But I’d be glad to take a look.
I specialize in selling multi-family properties and I’ll be happy to evaluate your numbers, view the building, and tell you the price that I believe will sell your property.
So if you’re still interested in selling, give me a call. Together, we’ll find the reason why your property didn’t sell. And then, if you want, I’ll get busy and find you a qualified buyer.
You can reach me at 858-342-9292 x.103 or by emailing email@example.com.
I look forward to talking with you,
P.S. Did you have an interested buyer, but the transaction fell apart? I may be able to bring the deal back to life.