How to sell a single family rental in Raleigh NC

[Annette Plummer]

My single family home has a strong rental history (8+ years) and is currently occupied.  I would like to sell the property to another investor and do a 1031 exchange.  Not sure how to start or where the best place to list the property is.  I can't show it like a regular real estate sale because I don't want to disturb the tenants.  Is there a special investment property listing service that I should use?  Do I need a RE agent or just a lawyer? 

[Adam Schneider]

@Annette Plummer Very good question. My recommendation first is to connect with the 1031 advisor so you understand the timelines and restrictions. Have you already identified your next property(ies)? Second, are you looking for a retail priced sale or are you willing to accept a discounted price in exchange for convenience and timing that works for what you are trying to accomplish? Determining the price you are asking will guide your decision for how you are going to sell. If the price works out for investors, you'll have very minimal intrusion on the tenants during the process. If you are looking for a retail price that really only works for a new resident, it's a different story. Our company (like other investors) purchase tenant-occupied properties all of the time. If you are looking for investors, you could just throw out the offer on BP. Otherwise, just put the listing on MLS.