Tips For Selling A Rental Property In Colorado Fast For Cash

January 07, 2020
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selling a rental property in Colorado

Selling a rental property in Colorado https://www.hbrcolorado.com/selling-a-rental-property-in-colorado/ can be an extremely difficult task for homeowners, especially if they are living out of state. On top of trying to manage the sale of a rental from out of state, it's even more difficult to coordinate with the tenants to comply with the listing agent to get the property on the market and shown to prospective buyers while they are still living inside. Selling a Colorado rental property for cash to a real estate investor is an alternative option that many sellers are now choosing to explore because of the fast time-frames and additional benefits such as adding flexible clauses into the contracts which make selling the property a breeze. For example, title companies offer "mail-out closings" which enable the seller to remain in their current residence without having to travel all the way back out to Colorado to sign the documents at the main office. However, the homeowner will still have to have the documents notarized and mailed back to the closing officer before the closing can officially take place.

Homeowners looking to sell a house fast in Denver Colorado https://mylittlefeltfriends.weebly.com/ should visit the homepage of HBR Colorado's website and fill in their property information along with their contact details to have someone from the sales team reach back out to them with a cash offer within 24 hours. Professional home buyers in Denver Colorado like HBR Colorado will send someone out from their construction department to analyze the home and estimate how much it will cost to fix the home up into fully marketable and sellable condition. Then, they will present the seller with a fair, all-cash offer based on their initial market analysis combined with the number of repairs that the property needs. The next step is for them to send over a standard Colorado real estate contract with the offer and details about the closing such as the title company that will be used and what date the closing will take place on. Once the contract has been signed and sent over to the title company and the earnest money deposit has been received and held in escrow, then the remainder of the funds may be wired in and the closing can take place.

Selling a Colorado rental property from out of state to a local cash home buyer is attractive for multiple reasons. First, the professional home buyer can stop by and take a look at the rental and send over updated pictures so the condition of the home may be analyzed. This is great for sellers who haven't seen their rental property in quite some time because they have been out of state. Additionally, sellers are able to have the real estate investor make a fair cash offer on the home and offer a firm closing date where the tenants will no longer be the responsibility of the homeowner. A lot of homeowners get fed up with the constant stress of managing a rental property because they are responsible for paying homeowner's insurance, taxes, mortgage payments, and other monthly recurring fees as well as repair costs to constantly maintain the property. Real estate investors will pay cash for Colorado rental property and take it directly off the hands of the seller in a matter of days, instantly relieving the stress that has been weighing them down for several weeks, months, or even years.

Local Denver home buying companies like HBR Colorado will also buy rental properties and leave the existing lease in place, so the existing tenants won't have to be disrupted and forced to evacuate the home. This is great for sellers who are in a situation where they need to close fast but they still have an existing lease that doesn't expire for several months or even a year. Having this added layer of flexibility when it comes to selling Colorado rental properties to investors makes this alternative solution a much more attractive option than listing the property on the open market with a licensed real estate agent which can oftentimes take several months or even years. Not to mention the fact that the homeowner will be responsible for paying closing costs, commissions, contractors and repair costs, listing fees, and will still be responsible for paying the monthly holding costs as well along with managing the sale of the rental with the tenants still inside which can all add up to be a complete nightmare. Homeowners considering the services of a local cash home buyer can find out more information by visiting HBR Colorado's main website and filling out the form on the homepage to receive a fair cash offer within 24 hours.



SOURCE: Press Advantage [Link]

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About HBR Colorado:

HBR Colorado is a professional home buying company based in Colorado Springs, CO who buys houses with cash in one week flat all throughout the state of Colorado.

Contact HBR Colorado:

Brian Rudderow
3094 1/2 W Colorado Ave
Colorado Springs, CO 80904
7192860053

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