Intrested in the Southern California Housing Market and if you should sell your house? If you’re wondering whether or not it is time to sell your investment property in Southern California, then you’ve arrived to the right place. So many people go back and forth on whether or not it’s an excellent time to sell, and we don’t blame them.
It can be a tough decision, mainly when your investment property is one of your most significant assets.
Here are a few techniques where it may be the right time to bite the bullet and sell.
Your Investment Property Is Not Generating Revenue
Rental properties are lovely if they’re generating revenue. However, if you’re starting to realize that your rental property is so expensive to maintain that it’s costing you money, it might be time to sell.
Selling your property to a home investor or another party ready to solve the issue is a good step. This way, you won’t have to perform any repairs or renovations before selling.
You’re Moving Out Of State
It’ll be difficult to manage your investment property if you’re getting ready to relocate. You’ll have two options in this scenario:
- Selling your investment property
- Hiring a property management company
Of course, just because you hire a property management company doesn’t mean you’re off the hook in terms of time and resources. Most often, property management companies will charge hefty fees for investment property owners that are remote. Plus, they’re best reserved for when you have more rentals than you can handle, not just one.
You Have Bad Tenants
If your tenants aren’t respectful, don’t pay their bills on time, or don’t follow the rules of your lease agreement, you can either try and find new ones or get rid of your investment property altogether. Of course, just because you’re finding new tenants doesn’t necessarily guarantee they’ll be any better.
If you’re sick of the landlord’s life, it might be time to get rid of your property.
You Can’t Afford Necessary Major Repairs.
Investment properties often require tons of maintenance, especially if they’ve been around for a few decades. Every so often, you’ll have to deal with major repairs like roof replacement, HVAC failure, new plumbing, etc.
If you can’t afford to make these massive repairs, you may have to consider selling your home in “as-is” condition.
You’re Looking To Invest Elsewhere
If you’re looking to change your investment focus or getting ready to retire, you might not want to be a landlord anymore. That’s okay. Being a landlord is stressful, and not everyone feels the same kind of pride about being one.
Luckily, here at Call For Offer, we can help. We’ve helped thousands of Southern California residents sell their homes quickly and efficiently. We buy houses in “as-is” condition, allowing you to get the cash you need now so you can take the following steps in life.
Get in touch with us today with Your House Gurus to learn more about the Southern California Housing Market!
