"Dawna and Rachel were a complete delight to work with. Through their guidance, expertise, and negotiating abilities, I was able to accept an as-is offer, that was over asking price, within one week of going on the market. While the circumstances around the sale were incredibly complex, they managed to overcome every obstacle. It should also be noted that Dawna didn't just quickly list my house for sale to churn out a quick transaction. First, she helped to set up an estate sale and landscaping services. She then set up a home inspection and went on to use that report to receive sub contractor bids for the repairs needing to be made. This helped to create transparency and negotiating power during the transaction, which ultimately led to a quick, as-is sale. Dawna was incredibly communicative, informative, diligent, and thoughtful throughout my first real estate transaction. Her service most certainly exceeded my expectations and I can comfortably say that she will be my local realtor for life. I would highly recommend procuring her services."
1. Evaluate your desire/need to own this property 1, 5, and 10 years from now. If there are more benefits to keeping the property (income, tax benefits, etc.), do not plan to sell. Perhaps there are changes to make to rents/repairs/tenants that will make it work for you for longer.
2. Talk to knowledgeable real estate broker about market value, closing costs, possible net proceeds from sale, and market timing. More planning will make for better decisions and less drastic decisions.
3. Talk to your CPA and/or tax advisor about the tax consequences of a sale. Estimate about 8% for costs of sale as a seller. You will need a rough estimate of possible sale price, your purchase price, and depreciation amount, if any.
4. Look up your property value on websites: Zillow, Trulia, etc. Look for both value estimates and rent estimates. Note how much information is available online about your property. Be aware that these valuations can vary as much as 20% either way from actual market value. This will help you see what information buyers are seeing about your property.
5. Pay attention to how you react when you drive by your property and/or think about it. If you would rather not be responsible for it, consider selling.