Sell My Apartment Building in Cleveland, Ohio

The fastest way to sell an apartment building is to sell it to a cash buyer who has the ability and funds to close quickly. Typically cash buyers will be able to close much quicker than a market buyer (weeks vs. months). This is because you won’t have to make preparations, updates or repairs, showings will be reduced, funding applications and approvals will be eliminated and there will be a greatly reduced due diligence period.

The cheapest way to sell your apartment building is to sell it to a serious cash buyer. Cash buyers buy apartment buildings as-is, which eliminates costly repairs, which can be a massive savings. They also pay traditional closing costs. This reduces both upfront costs and costs at closing. Also, a cash buyer will also buy directly from you without an agent, which eliminates expensive agent commissions.

Yes, you can sell your apartment building without a realtor. You can sell it to a cash house buying company like us or you can sell it yourself as a for-sale-by-owner (FSBO).

If selling as a FSBO there is a much larger amount of work involved. You will need to do your own marketing, handle all the inquiries, coordinate showings with tenants and buyers, negotiate offers, make sure your legal documentation is in order, coordinate the inspections, etc.

Yes, cash buying companies like ours buy apartment buildings for cash.

Yes. Our company will buy your apartment building with tenants in place. This is true even for problem tenants and tenants in active leases.

If you want or need to sell with tenants in place just be careful. Many buyers will required that the tenants vacate when you close and transfer ownership.

This really depends on the strategy you are going to use to sell it and if you are going to do any repairs or renovations prior to listing. If you are planning on selling on the market with an agent and doing repairs and preparation before selling you can expect upwards of a year. It will take time for the renovations, updates and preparation. It will take time to get it listed, find a buyer, and have them go through the multi-month due diligence and lender approval processes.

If you are selling it as-is for cash then this process can be significantly reduced. Contact us to see when we can buy and close on your apartment building.

The actual process of selling a building, at its core is the same as selling any other type of property. You can sell it for cash or to a traditional buyer. You can sell it to a cash buyer, list it with an agent, or sell it by yourself as a for-sale-by-owner. You can chose to sell it as-is or make repairs and updates to it. Each buyer will have a due diligence process (which will vary depending on the type of buye). Every sale with have a closing process as well.

The time and ease of the sale will depend on your sales strategy, pricing, and the specific buyer. It will also be affected by external factors you can’t control, such as the market.

The best way for you to sell your apartment building will depend on your preferences. If you want cash and to sell quickly then selling to a cash buying company is a great option. If you want top-dollar and have the time and patience then listing it on market might be the better option. Understand what you want and match those needs with what each type of buyer will provide. If you want a free consultation to discuss your options then please feel free to contact us.