Home Selling in Jacksonville>Question Details

Srini, Home Seller in California

What is the best way to sell all of mine six single family homes in jacksonville, FL in the present market.?

Asked by Srini, California Tue Sep 2, 2008

Hello Friends..
I am an investor and have six single family homes, positive cash flow some rented and some in the process of getting it re-rented soon in Jacksonville, FL. I have decided to sell all of these properties, below FMV to pass on some equity to other Investors Owners. All are in the range of 55K to 80K. What is the best way to market these properties in this present scenario. Should I go with traditional RE broker with 6 pc commision. or some investor site. All ideas are welcome.

Thanking You in advance.

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11
Srini

I usually work with investors from all around the country. Only a few seem to be buying at present. Most, as you, are looking to sell their properties. Actually, I have several investor's homes listed on this site.

If they are priced between $55 to 80K and there is a good ROI they will attract investors. Otherwise it may take awhile to market them. I suggest you select, contact and interview several local Realtors before deciding how you want to market your properties.
Web Reference: http://www.cathysloan.com
2 votes Thank Flag Link Tue Sep 2, 2008
Hi Srini, you are going to get a lot of answers to your question by a lot of hungry Realtors such as myself. I would suggest that you bundle these properties as one , but also offer them individually whether you use a tradtional broker or not. You may want to try the investor sites yourself and if they don't move go with a broker at that time, especially if you are not in a time crunch. I actually do not have investor clients in this price range at the present time but would be glad to market your properties. You can check me out through my web site. Thanks, Jack Vance
1 vote Thank Flag Link Tue Sep 2, 2008
Srini
The key to selling for top net profit to you is massive exposure. I would suggest interviewing three top Realtors and comparing their marketing. You don't know who might purchase these homes...maybe investors, maybe people who plan to occupy them, so I would keep an open mind the buyer.

If you'd like a referral to a top Realtor to interview, you can call me at 1-888-284-2056 or via my Trulia profile.
1 vote Thank Flag Link Tue Sep 2, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Hi Trini, I think that with the market just full of investors looking for good projects, you would do well to go with a Realtor who is hooked in to a variety of different marketing venues. To market properties, among other things, I use the NEFAR (which is North East Florida Association of Realtors) Multiple Listing Service, plus about 30 internet sites through my Broker Watson Realty Corp, plus several commercial web sites (the largest being Loopnet.com). I also have an extensive database of investors that I work with. I'd be happy to talk to you about how we might work to sell your properties. Thanks, Katherine Davidson, Watson Realty Corp. 904-422-8262
1 vote Thank Flag Link Tue Sep 2, 2008
The best way to sell them in this market, I believe, is pricing them attractively.

http://www.DanDanDan.com
0 votes Thank Flag Link Wed Sep 3, 2008
Hello Srini,

I agree with several of the comments below, offer them as a bundle but also as individual homes. Get as much exposure as possible, via real estate websites, commerical websites and investor sites as well as MLS. There are a lot of investors looking for "good investments" right now. An investors main concern is "making the numbers work". If your homes are truly priced where investors will be able to maintain a positive cashflow, then you should not have a problem selling those properties.

If you chose to sell them yourself, you will be getting a lot of calls for homes in that price range. Are you ready to meet potential investors /homeowners to show the homes? This could potentially take a lot of your time.

Let me know if I can help~

nancy m bateh
exit southern heritage realty
nancybateh@exitrealtyjax.com
904.860.8102
0 votes Thank Flag Link Wed Sep 3, 2008
Srini

I have met and talked wth RAJ. He is for real. I suggest you contact him. You may find you can help each other.
Web Reference: http://www.cathysloan.com
0 votes Thank Flag Link Wed Sep 3, 2008
Srini,
I am moving to Jacksonville and looking for good investment properties (mainly the ones with good rental history and positive cash flow). The range of your price also matches my criteria. Please email me at rsgcontact@gmail.com with your properties address and the asking price.
Thanks
0 votes Thank Flag Link Tue Sep 2, 2008
I'd be happy to market your properties, both in Jacksonville , regionally, nationally and internationally. There are international buyers snapping up properties in the US because of the favorable exchange rate. A savvy agent would work a package deal to get all your listings and would also market them commercially as well. I'd like to apply for the job. Contact me for more details.
Web Reference: http://www.EricSellsJax.com
0 votes Thank Flag Link Tue Sep 2, 2008
Hi Srini,

I like Jacks answer below regarding bundling the properties as one way to attract a buyer for your properties. Before proceeding I would recommend that you have a brokers opinion of price worked out with each of your properties. There are lots of factors that go into a BPO. Such as rental history, vacancy rates, costs of ownership, location, property condition, tax burden etc. Once you have a very knowledgeable idea of current value you can plan your next step. Are you going to realize your investment after selling the property, possibly incurring a heavy tax liability or will you defer your tax liability by re-investing those funds in a different investment property. Perhaps one that will afford you a more secure income stream.

These are all questions I would love to speak to you about.

Thanks,

Matt ZImmerman
Broker Associate
Prudential Network Realty
(904) 514-2466
0 votes Thank Flag Link Tue Sep 2, 2008
Srini,

Our recommendation is to price them right and identify an aggressive real estate agent that knows the Jacksonville market insde and out.
0 votes Thank Flag Link Tue Sep 2, 2008
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