Is Now A Good Time to Sell My Duplex, Triplex or SFR Rental in Tucson Arizona?

Recently in Tucson Arizona an extreme sellers market has created a surge of out of state investors buying property in Tucson, AZ. The current inventory is at historic lows, with market average days on the market less than 15 days. This means that sellers can get multiple offers on their property if offered for Sale.

In addition the current market is attracting Cash buyers so there most likely there will be less problems on the sale of the property. Cash buyers will close quickly with no appraisal and therefore a high probability of a smooth closing. Many sellers maybe concerned that their properties may not show well or the rents are low.

Sophisticated buyers are coming into the Tucson market and realize that rents can me moved to market rents in a very short period of time. Sellers can negotiate terms as selling the property in present condition with no repairs and therefore net more money. Tp prepare the property for sale though it is wise to make any vacant unit rent ready and correct any obvious repairs on the exterior of the property. In addition sprucing up landscaping painting exterior of property will increase curb appeal.

When selling investment property it is always wise to have an agent trained in multi-family so they can advise on pricing and provided the needed analysis to determiner price.

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