Home Selling Tips For Absentee Owners
Are you an absentee owner?
Do you own a rental property that is in another town remote from you?
Are you thinking it’s time to sell it?
Here are a 2 important steps to take for your quick and successful sale.
1) Notify your tenant of your intention to sell.
Access to the property and showings are subject to tenant’s rights. The better relationship you have with your tenant, the more likely your tenant will accommodate the showing appointments and work well with your listing agent. Help make this transition easy for your tenant so they could help you sell your property.
2) Select a Realtor® with at least 3 great listing references in the local market to represent you.
Communication is key! You’ll want to have an agent who will keep you updated of progress and be your eyes and ears.
Establish an efficient way of communicating remotely with your Realtor®.
Here are some key questions to clarify with your Realtor®:
Ask if your Realtor® is technology proficient (i.e. video conference, text, website for property info).
Ask about the real estate company information and resources to support your property sales.
Ask questions about how documents will be transmitted both ways.
Ask how documents will get signed.
Ask about their marketing and pre-sale strategy to sell your property quickly.
Ask for comparables to determine the listing price.
- Ask for pre-marketing suggestions from your Realtor® to get the property ready to show.
- Ask how you’ll be updated of showing activities.
Are you planning to exercise the 1031 Exchange? Here’s a reference article about 1031 Exchange.
About the Author:
Kasama Lee is a Realtor® and a community contributor specializing in the Napa and Solano Counties since 2004. Kasama and her husband, Barton, are raising their two boys in American Canyon and have been residents since 2002. They’re proud to be the residents of this warm, friendly and supportive community.