It’s aggravating when buyers don’t live up to the agreement, make excessive demands for price reductions, and claim that financing will be difficult. There is no such thing as a done deal until all of the variables have been eliminated, and for the majority of buyers, crossing the finish line might seem like an uphill battle. To protect yourself from any possible problems that may arise during escrow, you must strategically place your listing in a reliable market—real estate investors.

Selling a multi-family doesn’t have to be complicated; therefore, if you want recommendations on getting your multi-family ready to sell, search no further. Grab a cup of your go-to brew and settle in for a quick lesson on how to prepare your multi-family building for sale.

Take Care of Deferred Maintenance

First and foremost, multi-family property sellers must prioritize repairs, beginning with any possible hazards. Then, if any other major capital upgrades may discourage buyers from purchasing the property, it is advisable to address these concerns before promoting the property. Before advertising your multi-family building for sale, you should take care of the following issues:

• Dry Rot
• Roof Leaks
• Faulty Siding
• Leaking Pipes
• Peeling Paint
• Wobbly Railings
• Tripping Hazards
• Decaying Staircases
• Potholes in Parking Lot
• Insect or Vermin Infestation

Improve Curb Appeal

Are you wondering how to quickly, easily, and affordably give your multi-family building an eye-catching facelift (and perhaps force appreciation!)? Curb appeal is. This is essential since most properties are first seen solely during a drive-by. There are several approaches to take here: Painting, fencing, landscaping, slurry seal and striping, and signage.

We would advise that the decision should be made individually. As a result of the historically high prices in this sellers’ market for residential and multi-family properties, buyers are paying record amounts for properties in their AS-IS state. Since buyers tend to be apathetic about aesthetic changes, it is possible it will not necessarily impose a consistent value. However, before beginning the process of promoting the property, it is prudent to examine all of the available choices.

Organize Your Documents

When it comes to multi-family real estate deals, due diligence mostly pertains to the accounting records and other relevant documents. As a general guideline, you should be completely transparent about everything that could impact the property’s value. After all, this preventative strategy makes the transaction go smoothly for all parties involved and reduces the likelihood that escrow will be disrupted by unexpected events, such as demands for a price drop.

• List of Vendors
• Rent Roll and Leases
• 3 Months of Utility Bills
• Pictures of Interior and Exterior
• Any As-Built Drawings or Plans
• Estoppel Certificates (If Applicable)
• Environmental Reports (If Available)
• Profit and Loss Statements (2-3 Years)
• Recent Upgrades and Improvements (2 Years)
• Any Material Issues Concerning Tenancy

The Final Cut

Selling a multi-family doesn’t have to be complicated. If you wish to improve the chances of a smooth sale, just follow the above recommendations, and you’re good to go. However, if you want to sell your property without any repairs, closing costs, lengthy sale cycles, or realtor fees, benefiting from top-notch real estate investment services from experienced professionals is your best bet.

Whether you’re going through a foreclosure, need to sell the property fast and liquidate, or just can’t sell your property at all—At DNS Investments, we make that happen. We’re a family-owned business based out of Florida, buying your multi-family properties in cash at irresistible prices – so good you can’t decline. We practice complete transparency, which means no hidden costs, fees, or conditions.