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Updated over 1 year ago on . Most recent reply

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152
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Daniel Murphy
  • Financial Advisor
  • Saint Paul, MN
112
Votes |
152
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Selling a STR, furnished or not, list with agent or not?

Daniel Murphy
  • Financial Advisor
  • Saint Paul, MN
Posted

Hey all, I've had some unexpected life updates and am considering selling our short term rental in Cape Coral FL. It's fully furnished for an STR & has a year plus of track record plus a rate in the low 3%.
What is the best course of action with this? List it with our agent down there & sell it furnished, or unfurnished? 
List it on various STR forums & try to bypass the agent? 
Consider alternate financing so a purchaser could keep the low rate? 

Most Popular Reply

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675
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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
792
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675
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Dave Stokley
  • Rental Property Investor
  • Cleveland, OH
Replied

If you don't have enough time to manage the STR you probably don't have enough time to sell all the furniture separately, so I'd definitely sell it furnished. Will you get fair market value that way? Probably not, because the vast majority of buyers aren't STR investors who value it like you do, but it's efficient.

Personally I'd use an agent, again because selling real estate is not the highest and best use of my time.

  • Dave Stokley
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