There are numerous motivations to sell your property, each offering different selling avenues. You could opt for a conventional real estate agent, attempt a direct sale of your commercial property, or consider selling to a prospective investor in Wichita.
Understanding the Buyer
Seasoned property investors in Wichita, Kansas typically facilitate faster transactions compared to traditional buyers, often making full cash payments. Traditional commercial property transactions involve bank qualifications, mortgage underwriting, property inspections, and potential buyer disqualification. Additionally, there are usually no commissions for buyer’s or seller’s agents, resulting in substantial cost savings.
Standard commissions amount to 3% per side, meaning a $200,000 property sale could incur $12,000 in commissions alone. Professional property investors may also waive transaction fees, or if applicable, these fees are significantly lower than traditional commissions or closing costs. They may even offer remote closings, particularly beneficial for out-of-state property owners.
No Preparation Necessary
Professional property investors in Kansas typically acquire commercial properties as-is, alleviating the need for pre-closing repairs or unexpected expenses. Some companies conduct transactions without property inspections, ensuring a true as-is sale.
Extended Occupancy
Property investors focus on the investment aspect and usually do not plan to occupy the property immediately after closing. Most investors allow a post-closing move-out period, granting sellers the flexibility to relocate at their own pace. This arrangement is particularly valuable given the swift closing timelines. Sellers may not even need to clean the property upon departure; they can simply take personal items and desired furniture, leaving the rest behind.
Sell With Confidence
Engaging a professional property investor in Wichita, Kansas, eliminates the emotional rollercoaster often associated with property sales. Sellers are spared from inconvenient last-minute property showings, the hassle of maintaining a pristine business or tenant space for potential buyers, and the stress of interacting with buyer’s agents or fielding intrusive questions.
Furthermore, sellers need not concern themselves with disputes over tenant furniture or answering inappropriate buyer inquiries. Professional property investors provide a streamlined process with clear, concise contracts, minimizing legal risks and potential liabilities. Unlike traditional sales where undisclosed information could lead to legal action, property investors accept the property as-is, mitigating the risk of post-sale disputes.