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Updated almost 11 years ago on . Most recent reply

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Deborah Burian
  • Rental Property Investor
  • Oklahoma City, OK
412
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1,083
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Culling the herd... Choices for selling a home, input needed

Deborah Burian
  • Rental Property Investor
  • Oklahoma City, OK
Posted

There are worse problems to have, but we have ended up with more homes than we intended to, and it's the perfect opportunity to cull the herd.

I have a specific property in mind. It's a class B in an okay neighborhood, new roof, new foundation work, fresh paint, but nothing fancy. This is how I see my choices:

1) List it with a trusted broker, pay more costs, skip the aggravation, walk away.

2) Sell private treaty, maybe even with a wholesaler, take it to the REIA, post on Bigger Pockets etc. More aggravation less cost.

3) Sell with owner financing. Maintain the revenue stream, skip the short-term aggravation, but still somewhat close to a rental which is what I'm trying to get away from. Also a concern that a non-performing buyer will allow the house to deteriorate.

  • Deborah Burian
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