Selling a Rental Home 2021
Segment 3
Sometimes people have to sell a Rental home, why is now a great time to sell a Rental home?
The Biden admin is proposing:
1.Massive income tax increase
2.Nearly doubling long term capital gains
3.Huge increase in inheritance tax
4.All must pass through Congress
But You Would Have to Be Ready for some Vacancy
6.COVID gave us new Federal and State tenant’s rights
Options for Landlords:
7.Landlords CAN evict for non-payment if the lease is up and they decide NOT to renew.
8.There is Rental Assistance from the Federal Government for Landlords if the tenants cannot pay due to Covid:
9.Why Not Show it With The Tenant There?
Showing with a Tenant There Typically Does NOT go Well
10.Condition issues are more likely with a tenant occupied properties:
11.Evaluate How Much it Will Cost to Remodel the Home:
Updated baths:
Can be as simple as:
Updated light fixtures
Updated plumbing fixtures
Mechanical systems
13.Present the home clean, repaired & empty is the best case
14.Pricing a home appropriate to its condition is CRITICAL
If you are thinking of making a move you can call Barb at719 301 3900 or visit www.BarbHasTheBuyers.com
15.Typically the tenant will clear out their stuff, however there are always a thing or two to take care of.
16.Landscaping, Flooring and Bathrooms take the biggest cosmetic hit with tenant occupancies.
17.Improving these things will bring the biggest bang for the buck.
18.The average buyer spends less than 1 Minute viewing homes on line. Of the rooms they focus us are in this order of priority:
If you are thinking of making a move you can call Barb at719 301 3900 or visit www.BarbHasTheBuyers.com
Why Now is the Best Time to Sell Any Home & Hot New Listings
