How Hard is It to Sell a Rental Property in Silicon Valley (and How Can You Make it Easier)?
Selling a rental property in Silicon Valley is tough for some people – and for others, it’s a breeze. This guide explains how hard it is to sell a rental property in Silicon Valley and how your experience depends largely on the real estate agent you choose to work with.
How Hard is It to Sell a Rental Property in Silicon Valley (and How Can You Make it Easier)?
Though market conditions can fluctuate every week (and even day-to-day sometimes), a lot is riding on the agent you choose. If you work with an experienced multifamily property agent, there’s a better chance that your rental property will sell faster and for more money than it would if you worked with an agent who primarily deals with single-family homes. That’s because a good multifamily agent will have a deep understanding of the local market, know what comparable properties have recently sold for, and have a network of potential buyers.
Related: Is it better to rent out your property to long-term tenants or use it as an Airbnb?
How Can You Make it Easier to Sell Your Rental Property in Silicon Valley?
Check out these tips to make it easier to sell a rental property in Silicon Valley:
Choose an experienced and knowledgeable agent
Make sure the property is spotlessly clean
Promote your property based on its location and amenities
Have your agent take high-resolution photos (and possibly drone photos)
Here’s a closer look at each.
Tip #1 to Make it Easier to Sell Your Silicon Valley Rental Property: Choose an Experienced and Knowledgeable Agent
There’s a lot of competition in the Silicon Valley rental market, and if you want to sell your property quickly and for top dollar, you need an experienced agent who knows the ins and outs of the market. Look for an agent with experience selling rental properties in Silicon Valley – they’ll know how to price your property correctly, market it effectively, and negotiate with potential buyers.
Related: How to automate your rental property business
Tip #2 to Make it Easier to Sell Your Silicon Valley Rental Property: Make sure the property is spotlessly clean
No one wants to buy a rental property that’s dirty, cluttered, and in need of repairs. Before you put your property on the market, make sure it’s clean and in good condition. This will make it more attractive to potential buyers and help you get top dollar for your property.
Tip #3 to Make it Easier to Sell Your Silicon Valley Rental Property: Promote your property based on its location and amenities
One of the best things about selling a rental property in Silicon Valley is that there’s no shortage of potential buyers. That’s because Silicon Valley is one of the most desirable places to live in the country – and people are willing to pay top dollar to live here. When you’re promoting your property, make sure to highlight its location and amenities. This will attract potential buyers who are looking for a rental property in Silicon Valley.
Related: 5 reasons to vet prospective tenants
Tip #4 to Make it Easier to Sell Your Silicon Valley Rental Property: Have your agent take high-resolution photos (and possibly drone photos)
In today’s real estate market, photos are everything. Potential buyers want to see high-resolution photos of your property before they even step foot inside. And if you have a drone, you can use it to take aerial photos of your property – which will really impress potential buyers.
The Bottom Line
Selling a rental property in Silicon Valley can be tough, but it’s not impossible – especially if you have the right agent on your side. If you choose the right agent and take the time to prepare your property for sale, you’ll be more likely to sell your property quickly and for top dollar.
Related: How to find the right contractors to work on your flip
Are You Buying or Selling a Duplex, Triplex or Fourplex in Silicon Valley?
If you’re selling a duplex, triplex or fourplex in Campbell, Cambrian Park, Los Gatos, San Jose, Santa Clara, Saratoga, Willow Glen or another community in Silicon Valley, we’re here to help. Call today or fill out the form below to find out about our innovative marketing plans that can put your investment property in front of all the right buyers.
If you’re also looking for a new multi-family property for sale or another type of home, check out our:
- Duplexes for sale in Santa Clara County
- Triplexes for sale in Santa Clara County
- Fourplexes for sale in Santa Clara County
- Single-family homes for sale in Greater Silicon Valley
