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Updated over 8 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Robert South
  • Investor
  • Orlando, FL
2
Votes |
9
Posts

Estimating Selling Costs when disposing of Rental Real Estate

Robert South
  • Investor
  • Orlando, FL
Posted

When evaluating a rental property and considering selling expenses, what is a good realistic ballpark estimate. The properties I'm considering are around $70,000. I've heard 6% realtors fees + 2% misc for a total of 8% if placed on the MLS.

However, if I sold this property off market to another investor selling costs could be much lower but I have no idea of how low.

Any advice would be greatly appreciated.

Also, can anyone recommend a good iOS app for evaluating buy-and-hold rental properties?  I'm trying to avoid the monthly subscription model.

Thanks in advance!

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