Selling a Multi-Family in Porter Square

One of the most important things to think about when selling a multi-family in Porter Square is to understand potential. Let me explain what I mean here.

Most seller agents who work on multi-families have never rented a property in their lives OR they have rented a handful over the last few years. If you are thinking of hiring a seller’s agent to sell your multi-family who doesn’t have an expertise understanding of the rental market you are leaving serious money on the table. Why?

Because investor buyers primarily want to understand one thing - how much can they get in fair market rent for your rental units? The more rent the prospective buyers can get, the more they are willing to pay. 

So this is where someone like me comes in - I have rented over 700 units in Cambridge and Somerville and very much understand rental values. Not only that, I understand how you can make updates to units to increase rental value - things like adding laundry in-unit, dishwashers, building out a second full bathroom, or modernizing the unit in many other ways can have a substantial impact on the resale value of your property.

I can explain the updates the new buyers need to make and what that will mean for their bottom line. When buyers understand what they need to do and how that impacts rental value, it translates to substantially higher sold prices. 

So if you are thinking of selling your multi-family in Porter Square, let’s talk! My cell is 617-833-7457!