Looking to Buy or Sell a Multifamily Property?
Whether you want to move on to bigger, better investments or you want to leave the rental property market entirely, make sure to work with a real estate agent or broker who has experience with Multi-Family Properties.
You owe it to yourself to work with someone who understands the duplex, triplex, and fourplex markets, including how to market these types of properties to qualified investors in Silicon Valley or help you find the right property so you can maximize your investment dollars.
Welcome!
Debbie Marino here, broker and owner of Properties In Silicon Valley.
Ever wonder “how much is my rental property is worth?” I’m here to take the guesswork out of the “selling a duplex” process and help you resolve your problem fast. You can count on me to help you find out the answer to this question, and get top dollar for your rental property as quickly as possible.
Buying or Selling a Duplex, Triplex or Fourplex Rental Property in Silicon Valley
Owning a small multifamily isn’t right for everyone – and the good news is we can help you sell yours for maximum profit. On the other hand, buying a rental property may be the right choice for you because purchasing a duplex, triplex, or fourplex is an exceptional way to build wealth.
We’ve helped many people buy and sell their duplexes, triplexes, and fourplexes all over Silicon Valley. Including people who were just starting out, those that simply didn’t want to be landlords, or who wanted to diversify their portfolios, and those who wanted to “trade up” a property to earn even more income.
Several clients looking to sell:
Other Clients looking to buy:
Whatever your reason is for buying or selling your multifamily, make sure to hire an agent who understands your goals, is experienced and qualified. Sellers make sure you know how much your rental property is worth so you can make an informed decision that’s right for you. Buyers work with an experienced agent who has dealt with these types of properties before and understands the Silicon Valley rental market.
Why Work With Us?
Buying or Selling a duplex, triplex or fourplex is different from buying or selling a single-family home – and you should work with an experienced Silicon Valley multifamily Realtor® who understands the ins and outs of pricing, marketing and negotiation in order to sell quickly at the highest price or get your best possible deal quickly.
Why Work With Me
Selling a duplex is different from selling a single-family home – and you need to work with a skilled, experienced Silicon Valley multifamily REALTOR® who understands the ins and outs of pricing, marketing and negotiation in order to sell quickly and at the right price. This guide explains how your REALTOR will determine how much your rental property is worth when you sell a duplex in Silicon Valley.
How Much is My Rental Property Worth?
If you’re like many people, the first thing you want to know is how much your rental property is worth – and that’s an important figure. If you don’t know how much your multi-family property is worth, you can’t be sure you’re making the best decision for your financial future.
When you’re selling a duplex, triplex, or fourplex your REALTOR will factor in things like:
- Individual unit sizes
- Location
- Rent prices and net operating income
- Property amenities
- The property’s age
- Any recent upgrades
- Cap rate
All of these things help you and your agent settle on a competitive listing price for the property. The bottom line is that your duplex, triplex, fourplex is only worth what another investor is willing to pay for it, and you have to find the perfect price range to bring in interested (and qualified) buyers.
What Happens if You Ask Too Much When You’re Selling a Multifamily Property in Silicon Valley?
Though it may seem counterintuitive to ask buyers to pay exactly what you want when you’re selling a duplex, triplex or fourplex – rather than going high and letting people “talk you down” – the best way to bring in the widest pool of qualified buyers is to price it correctly right out of the gate. If you price your multifamily too high, it’s going to sit on the market, unsold, until you lower the price. (And that strategy can backfire.)
There are two issues with pricing your multifamily property too high.
First Issue:
Buyers are very tech savvy today and conduct a lot of research on the internet prior to entering the market. Therefore, they can clearly see current prices and trends, and know what properties are worth in today’s market.
Second Issue:
Buyers know how much they can afford to spend when they start looking at multifamily homes for sale, and most begin their property searches online with specific parameters in mind.
Here is an example: If you list a duplex for $950,000 when it’s really worth $800,000, the buyers who can afford to purchase it at a reasonable price will never see it; they’re only looking at homes in their own price range. Even worse, the buyers who can afford a $950,000 duplex will see yours and compare it to other duplexes in the same price range – and unfortunately, yours is going to come up short.
What Happens if You Ask Too Little When You’re Selling a Duplex, Triplex or Fourplex?
If you ask too little for your duplex, triplex or fourplex, you’re leaving money on the table. That’s cash that could be in your pocket, going toward another investment property, or used to improve other properties that you currently own.
How Do I Find Out How Much My Rental Property is Worth?
The best way to find out how much your rental property is worth is to talk to a multifamily REALTOR familiar with Silicon Valley who can get hands-on and do the math for you. Your real estate agent or broker will evaluate your Income Property and compare it to other, similar income properties in the same area to find out what buyers are willing to pay in today’s market.
How Much is My Rental Property Worth?
If you’re like many people, the first thing you want to know is how much your rental property is worth – and that’s an important figure. If you don’t know how much your duplex is worth, you can’t be sure you’re making the best decision for your financial future.
When you’re selling a duplex, your REALTOR will factor in things like:
- Individual unit sizes
- Location
- Rent prices and net operating income
- Property amenities
- The property’s age
- Any recent upgrades
- Cap rate
All of these things help you and your agent settle on a competitive listing price for the property. The bottom line is that your duplex is only worth what another investor is willing to pay for it, and you have to find the perfect price range to bring in interested (and qualified) buyers.
What Happens if You Ask Too Much When You’re Selling a Duplex in Silicon Valley?
Though it may seem counterintuitive to ask buyers to pay exactly what you want when you’re selling a duplex – rather than going high and letting people “talk you down” – the best way to bring in the widest pool of qualified buyers is to price it correctly right out of the gate. If you price your duplex too high, it’s going to sit on the market, unsold, until you lower the price. (And that strategy can backfire.)
There are two issues with pricing your duplex too high.
First Issue:
Buyers are very tech savvy today and conduct a lot of research on the internet prior to entering the market. Therefore, they can clearly see current prices and trends, and know what properties are worth in today’s market.
Second Issue:
Buyers know how much they can afford to spend when they start looking at duplexes for sale, and most begin their property searches online with specific parameters in mind.
Here is an example: If you list a duplex for $950,000 when it’s really worth $800,000, the buyers who can afford to purchase it at a reasonable price will never see it; they’re only looking at homes in their own price range. Even worse, the buyers who can afford a $950,000 duplex will see yours and compare it to other duplexes in the same price range – and unfortunately, yours is going to come up short.
What Happens if You Ask Too Little When You’re Selling a Duplex?
If you ask too little for your duplex, you’re leaving money on the table. That’s cash that could be in your pocket, going toward another investment property, or used to improve other properties that you currently own.
Get Help Improving Your Property
Unlike your average realtor or broker, we are not afraid to get our hands dirty and “dive in” to help prepare the property for sale. We have teamed up with several contractors and vendors who have the experience and skills necessary to repair or remodel your property. We can work within your budget to prepare your property so it attracts the most qualified buyers and you get top dollar.
Before & After Photos
Your One-on-One Consultants
When you’re buying or selling a duplex, triplex or fourplex in Silicon Valley, you deserve individualized attention – and that’s exactly what you get. We’ll take the time to get to know you and ensure we understand your situation completely. Then, we will work very hard to help you buy a multi-family property at the right price or sell your duplex, triplex, fourplex at the best possible price.
Buy an Income Producing Property in Silicon Valley?
Investors understand the quickly growing rental market in Silicon Valley. Current real estate market trends in Campbell, San Jose (including Cambrian Park and Willow Glen) and Santa Clara make investing a smart choice. Your investment can produce passive income and provide you with additional security for the future.
Work with the right Realtor and find the perfect income property. Because the real estate market generally mirrors the local economy, many investors feel that Silicon Valley is the ideal place to invest in multifamily homes.
