Selling A Rental Property In Portland

There are several steps you can take to sell a rental property.

Determine the value of the property: It's important to have a good understanding of the value of your rental property in the current market. You can do this by getting an opinion from a real estate agent or by looking at comparable properties in the area that have recently sold.

Make any necessary repairs or improvements: Consider making any necessary repairs or improvements to the property before putting it on the market. This can help increase the value of the property and make it more attractive to potential buyers.

Market the property: There are several ways you can market your rental property, including listing it on real estate websites, posting it on social media, and working with a real estate agent.

Negotiate with potential buyers: Once you receive offers on the property, it's important to carefully consider each one and negotiate with the potential buyer to reach a mutually beneficial agreement. Landlord tenant laws in Portland are tricky so this step is the most important.

Close the sale: Once you've accepted an offer and the buyer has completed any necessary inspections, you can finalize the sale by signing the necessary documents and transferring ownership of the property through the title company to the buyer.

It's also a good idea to consult with a real estate attorney or financial advisor to ensure that you are following all necessary legal and financial procedures when selling a rental property.

Looking to sell a rental property in Portland? I have helped many landlords sell homes in Oregon and I own rental property myself. 

I List Homes for 3.5% Total Commission. 

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Call or text me to schedule an appointment - 503-789-4982