Sell My Rental Property Fast in St. Louis, Missouri
Are you a tired landlord looking to get out of the rental market? Do you have bad tenants who refuse to get out? Whatever the reason for selling your rental property, we can help. At Klamen Real Estate Properties, we buy rental houses as-is in Missouri and Oklahoma. We can assess your property, make a cash offer, and close the sale in as little as seven days.
When you sell your house as-is for cash, you make no repairs and don’t pay closing costs. Plus, you can skip the realtor - we buy directly from you. Sell your house for any reason: retirement, bad tenants, damaged property, late mortgage payments, or a bad real estate market. With our local home buyers, you can easily sell your house and walk away without strings attached.
How to Sell a Rental Property with Tenants in Missouri
If you decide to sell your rental home with tenants in Missouri, there are several things you need to consider.
- Current real estate market
- Your long-term goals
- Your immediate financial needs
- Property taxes
- Nature of the rental income
- Quality of the tenants
- Potential capital gains
- Long term capital gains
One of the biggest issues is dealing with Missouri tenant laws. Whether you have a good or bad tenant, you must adhere to regulations to sell the house. Fortunately, a cash offer may be your best option when it's time to sell.
Klamen Real Estate Properties can buy your house as-is for cash regardless of who lived in the home or even if the tenants still live in the house. As the new property owner, we can deal with the clients and make a smooth transition as the property manager so that you can walk away with no legal issues. We simply agree on the sale price and close the sale - in many cases, we can close in as little as seven days.
What Are the Benefits of a Cash Home Sale for Landlords?
You may need to sell your rental house fast for several reasons: low rental income, bad tenants, or high property maintenance costs. Our cash home sale solution offers advantages over a traditional home sale.
Sell Your Rental House Fast
One of the best advantages of selling your rental property as-is for cash is the speed of the sale. Traditional home sales can take months, with a closing period of up to 45 days. Our cash buyers can close the deal within a few days or weeks. For rental property owners looking to liquidate assets quickly or avoid carrying costs like property taxes, insurance, and maintenance, selling for cash is ideal.
No Home Repairs Necessary
Selling your rental house as-is eliminates the need for repairs or renovations. Our solution saves you time, effort, and money, especially if the property needs significant work. We are interested in properties regardless of their condition. We can buy your house today and take the month-to-month responsibilities of renting out the house.
No Realtor Fees
Selling directly to a cash buyer allows you to bypass the traditional real estate agent route, saving you from paying hefty commission fees. These fees typically range from 5% to 6% of the sale price, which can be a significant amount. Direct sales to cash buyers cut out the middleman, allowing you to pocket more of the sale's proceeds.
Selling a rental property traditionally can involve various challenges, including dealing with difficult tenants, coordinating property viewings, and negotiating repairs. In contrast, cash sales are often straightforward and hassle-free. There's no need to worry about tenants, showing the property, or haggling over repair costs, making the whole process less stressful.
Can I Sell a Rental Property with Tenants in Missouri?
Yes, selling a rental property with tenants in Missouri is legal. However, as a landlord, it's crucial to understand that the lease agreement typically has a clause that allows the lease to continue under the new property owner unless otherwise stated. If you sell the property while it's under a lease agreement, our home buyers step into your shoes as the landlord.
Communicate effectively with your tenants about the sale process. Transparency can prevent misunderstandings and foster cooperation during property showings and inspections. It's also important to familiarize yourself with Missouri landlord-tenant laws to comply with all legal requirements when selling a tenanted property.
Sell Your House Fast in St. Louis, Missouri
If you need to sell your house fast but don’t want the hassle of a traditional home sale, contact Klamen Real Estate Buyers. We buy houses as-is. No repairs are needed. Avoid closing costs and realtor commissions. Close in as little as seven days. Call 314-721-6800 and get a fast cash offer from our local home buyers in Missouri.
Frequently Asked Questions About Cash Home Sales in Missouri
Yes, we buy any property as-is, including rental properties, for cash in Missouri. Cash sales are often faster and more streamlined than traditional real estate transactions.
No, evicting tenants before selling a rental property for cash is unnecessary. However, it's crucial to be transparent with your tenants about the sale and understand that existing lease agreements typically transfer to the new owner.
We can complete a cash sale within a few days to a couple of weeks, depending on factors like property inspections and title searches. This process is typically much faster than traditional real estate transactions that rely on mortgage financing.
There aren't typically any specific legal restrictions on cash sales compared to traditional sales. However, complying with all relevant Missouri real estate laws and providing full property disclosures is essential.
Selling a rental property for cash to Klamen Real Estate Properties can be faster, more straightforward, and often less stressful than listing it on the market. You avoid realtor commissions, lengthy negotiations, and the uncertainty of buyer financing.