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What do you want to do with your property?
Selling real estate can be challenging in today's market but at the same time there are more ways to do it than ever before. Below are a few options when it comes to considering what to do with your real estate.
If you simply want to sell, no frills and hassle free. We can make you a direct, private offer or refer you to one of our partners. This is a great way to relieve yourself of a property quickly and easily.
Benefits: saves you time, saves you headache
Drawbacks: possibly a lower price than putting it on the open market
If you have funds to renovate first, this strategy can maximize your bottom line. If you don't have the cash funds on hand or cannot refinance the property, perhaps we can partner with you.
Benefits: higher end value and possible higher net sales price
Drawbacks: more people involved, takes longer than simply selling as-is
If you want to sell but don't need the entire lump sum proceeds from the sale, perhaps you want to consider offering owner-financing (also known as "seller-carry") to receive a cash down payment with monthly payments from the buyer. Similarly, a Lease-to-Own could be a good option for a renter to become your next buyer.
Benefits: long term income, some cash out up front, easier than working with banks, lower fees for both sides
Drawbacks: may take a few years to receive full cash proceeds
Real estate has many avenues to consider when it comes to real estate acquisition, management and disposition. These are some ways to take advantage when it comes to maximizing your property's value.
Instead of selling and recognizing a capital gain, you can use the 1031 rule to"defer" taxes by selling then purchasing another property within the allotted window of time. Be sure to contact a 1031 exchange specialist for details, benefits, drawbacks and potential risks.
This is where instead of selling, you would lease the property to a company or individual and they would sublease it out for additional income. This is not as common but can offer benefits to certain property owners.
In rare situations, it might make sense for both parties to swap or trade properties with one another. Check with your tax and legal professionals, as there can be unforeseen tax implications and legal complexities.
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