The Multi-family property market is in a bit of a “bull run” and smart owners and investors see an opportunity to sell and take advantage of good prices and short inventory. Long-time multi-family owners are looking to cash out and short-term investor are looking to take a profit and get into new properties. Maximizing return on your investment requires working with a broker who understands the market and has the experience in multi-families and who has the resources and network of buyers to get it sold fast.
4 Questions to Ask Yourself When Choosing a Multi-Family Realtor
Not all real estate agents are the same. Some prefer to sell ocean front property; some focus on working with first-time buyers, others sell real estate as a hobby or part-time to supplement their spouse’s income.
So, before you call the guy who found you your vacation condo, your brother-in-law who just got his real estate license, or that nice woman from your daughter’s dance class, there are a few questions you should ask yourself:
- Has the agent ever sold a multi before? If so what percentage of their sales are of multi-family properties?
- Do they have any experience working with investors? Are they comfortable with “talking the talk” when it comes to investment property?
- Do they have a plan on how to deal with tenants and how to efficiently show your property to get the maximum exposure without disturbing your tenants or worse yet creating a mass exodus and having all your tenants leave
- And what exactly are they going to do differently to get you the absolute best price for your property?
Work with the Multi-Family Specialists
If any of these questions give you – or your agent – pause for concern, you should probably consider working with a multi-family specialist like MultiFamilyProperties.com. Give us a call today at(617) 212-3251 or drop an email to steve@MultiFamilyProperties.com for a free consultation and estimate on your property.