Selling rental in high price market
HI BP'rs,
I'm looking for some advice. My brother and I own a rental house in Arlington Va that has been a rental since 2008. Over the recent years, we have started to be squeezed from the market as nicer places pop up around us for approximately the same rent price. The rental is pretty old, and less appealing to prospective tenants. We set a timeline last year to likely sell this summer and now here we are.
We think that the house will probably sell to a developer, who will knock it down and put up something bigger/better. The RE market up there is always hot, so we are expecting offers since many investors contact us thru marketing campaigns as it is. With a high expected sales price, and expectation that we will receive offers from developers who will offer cash purchase, we don't think a conventional way of selling the house would make sense (i.e. sellers agent, list on MLS, etc). I do not think an agent will cover their price by attracting higher offers. I also am not interested in low ball offers, as we aren't desperate to sell.
Do you have any suggestions of how you might soft roll this out to market? Should I just throw it up on Zillow FSBO and wait for any bites? Anywhere else?
TIA for your advice.