When the market is this hot, it’s a great time to sell your investment property.
The Beginning of Andrew and Anna’s Story
Andrew and Anna purchased their first home at the height of the real estate market in 2006. In 2010, they found and purchased a bigger home for their growing family; they just needed to sell their current home. Neither Andrew nor Anna had sold a home before. They tried twice, first, as a For Sale by Owner, and then again with a discount brokerage. Neither of those options really worked out for them, so they decided to become landlords and rent out the property instead.
Accidental Investment Property
Nine years later, they reflected on their investment property. Andrew and Anna had spent time and money on general upkeep like staining the deck and painting. Over the years, they had several tenants, some of whom had been tough on the home. Keeping up with the repairs and fixing or replacing appliances, windows, and flooring had resulted in additional costs. They decided now may be the right time to sell.
How We Can Help
This time, Andrew and Anna weren’t sure they wanted to do it alone. They called the Twin Cities leading real estate team – the Jarrod Peterson Real Estate Group and asked for a free market evaluation. They were pleasantly surprised when they found out their home was going to sell for $30,000 more than they thought possible!
Our amazing team worked with them to suggest a few upgrades to help their home stand out on the market. Over the years, Jarrod has built up an outstanding network of contractors and other professionals. With helpful recommendations from Jarrod, Andrew and Anna got their home in tip-top shape. They replaced the carpet again, updated some light fixtures, and added a fresh coat of paint.
The tenants vacated, the work was done, the home was listed, and just like Jarrod promised, the home sold quickly and for $30,000 more than what the seller expected.
Today, Andrew and Anna are enjoying raising their family in their new home. They have invested the proceeds from their sale into the high-rising stock market and their children’s 529 college savings accounts. Andrew and Anna are so thrilled they worked with Jarrod and his team!
Be Like: Andrew and Anna
If you want to BE LIKE Andrew and Anna and sell off an investment property, contact the Jarrod Peterson Real Estate Group of Edina Realty today!