Exit Strategies for Real Estate Investments

Although I think now is not a good time for investors to reduce their inventory in the Atlanta housing market, (in fact just the opposite, you should buy more houses) some of them must do so. I have a few ideas of just how to do that without losing their equity.

The first is obviously to sell the property. To get the most for the property, you should sell it as quickly as possible. You can do that by making sure it is in very good condition, has a fresh coat of neutral paint, new or clean carpet and is priced right. You should also be sure that it has a clean yard and working appliances. If you want to go the extra mile, you should consider staging the house. When it's ready to sell, you should give me a call at 770-862-8002 and set up a listing appointment. I will use my Internet marketing plan to get your home maximum the exposure possible. My "Featured Homes" (click here for an example) listings on REALTOR.com are getting over 100 property views a day!

If the house is a "fixer-upper" and you don't have any cash to put into selling it at a retail price, I can help you with that, too. Because I am associated with a group of local investors, I can get you a cash offer, close in 7 days and you can walk away from your problem with at least some money in your pocket.

Another option for getting out of that property is to rent it. Being a landlord isn't for the faint of heart and you should know what you are doing when you begin to screen your tenants. When you have the right ones, it can be a win-win for everyone. You will have someone else paying for your mortgage and they will have a house to live in for a period of time.

Lease purchase options have become very popular now because of the fall-out from the sub prime mortgage problems. You get the benefits of a tenant who will take care of the property as if it were his own (because someday it probably will), a non-refundable option payment up front and also the sales price you need. Because they are not buying the property today, your sales price can be based on tomorrow's price, not today's. I have a lot of experience in the area and would be happy to help you.

If your payments have gone haywire, you can also call your lender to see about refinancing the property. Sometimes, the lenders are willing to work with you to help avoid going into foreclosure when you are having trouble making the payments. It will not hurt you to call and talk to them about a "rate and terms" refinance option.

If you are not sure what a good strategy would be that fits your situation... give me a call and I can help you think about what would work for you.

Michael Bradford 770-862-8002

Southern Prime Realty

Your Cherokee County Georgia Real estate Specialist