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Updated about 8 years ago, 10/30/2016
Turnkey property question - strategy for selling - pricing??
Turnkey Markup question:
Selling two of my properties here in Georgia. The market is coming up in the area which is great. I think I am ready to sell. Both has been rented, tenant has been in the house for 3+ years. The other tenant has been in the house for 1 year on a 2 year lease. The houses are in average condition, great neighborhood and newer 2002. They were flips I decided to hold.
Questions:
Is it true I can ask for a higher price if the property has good tenants in place and the property is in average shape. "Can I get more for the houses than market price - markeup"?
If I can get over market price for turn-key --- How much higher is the norm over market - Markup??
How do you determine a selling price on a rental that is turn-key --- Are other formulas or factors involved for markup?
Thank you for any advice and strategy or method. I really need help on this one.