THE BENEFITS OF SELLING A MF PROPERTY WHEN INTEREST RATES ARE HIGH THROUGH SELLER FINANCING.
With the more restrictive rental laws in Seattle, property owners may be seeking other markets. The following are considerations and advantages for property owners to offer seller financing.
Maximized Sale Price
Higher interest rates can lead to lower property values because they may decrease the purchasing power of potential buyers. By selling when rates are high, property owners may be able to fetch a higher sale price before property values potentially decrease.
Reduced Competition
Higher interest rates often deter some buyers from entering the market due to increased borrowing costs. Thereby, resulting in less sellers putting their properties for sale because sellers may not want to sell for a lower price.
It's important to note that the decision to sell a multifamily property should consider various factors, including the local real estate market conditions, the property's performance, the owner's investment goals, and their overall financial situation. Consulting with a financial advisor or real estate professional can provide valuable insights and assistance in making informed decisions.
For more information on real estate strategies for Multifamily owners wanting to exit the Seattle Market, contact AGM Real Estate Group or Lee & Associates Pacific Northwest.
AGM Real Estate Group
D: 206.694.1729
Lee & Associates | Pacific Northwest
Aaron Mathieu
Senior Vice President
D: 206.948.4670
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