Hey folks,
I’m in a bit of a pickle and could use some advice. My brother and I inherited an old building from our mom, and we’re trying to sell it. But we’re hitting some roadblocks.
The situation
We’ve got this 6-unit building in a nice part of Lisbon. It’s bringing in rent money, but we’re worried about future family drama if we keep it. We’re not in a rush to sell, but we want to do it right.
The problem
We tried working with real estate agencies, but they’ve been pretty useless. In 8 months, we only had one viewing! We feel like they’re just sitting around waiting for buyers instead of actively looking.
We don’t want to give the place away, but we’re open to lowering the price a bit. Just not so much that we’re practically giving it away.
What now?
I’m thinking about reaching out to investors myself. But I’ve never done this before, so I’m not sure where to start.
Has anyone been in a similar situation? Any tips on how to sell a property like this without relying on lazy real estate agents?
Thanks for any help you can give!
Hey there! Have you considered reaching out to local property management companies? They often have connections with investors looking for multi-unit buildings. Plus, they might give you insights on maximizing your property’s appeal. What’s the building’s unique selling point? Maybe there’s a hidden gem you haven’t thought to highlight yet?
hey mate, been there done that. have u thought bout real estate investment trusts (REITs)? they’re always on the hunt for solid multi-unit properties. could be worth a shot. also, maybe try some social media marketing? create a cool insta or fb page for the building, show off its best features. might catch an investors eye. good luck with the sale!
I’ve been in a similar situation, and I can tell you that dealing with inherited property can be a real headache. Have you considered using a property auction service? We went this route when selling a family property, and it was surprisingly effective. The auction created a sense of urgency among buyers, and we ended up getting a fair price without the long wait.
If you’re keen on reaching out to investors directly, try tapping into local real estate investment groups. Many cities have these, and they’re often looking for multi-unit properties like yours. You might also want to create a detailed property prospectus - include financials, rental history, and potential for value add. This can be a powerful tool when approaching serious investors.
Remember, patience is key. The right buyer is out there, and sometimes it’s worth waiting a bit longer to get the deal you want. Good luck with the sale!