I have an investment property here in Perth which I would now like to sell. The tennant is fantastic and wants to keep renting the property very long term. Any suggestions on how I could go about finding an investor?
If I was you I would advertise in some of the free real estate advertising web sites. See what is advertised already and then place similar wording. Things like Perfect Investment, Good Long term Tenant, Rents at $$$ per week.
Look at
http://www.homesales.com.au/
http://www.sellingprivate.com.au/
http://www.smartvendor.com.au/search+real+estate.php
http://www.noagentproperty.com.au/
http://www.owner.com.au/
http://sydney.gumtree.com.au/If using a real estate agent get real estate agent to advertise in sites like
http://www.domain.com.au (think you can privately advertise also)
http://www.realestate.com.auWe have just sold two properties which were tenanted, to fellow investors. In the ads (we advertised on realestate.com.au and domain.com.au, didn't use a RE agent but did it all ourselves) we did the following:
– made it clear that there was an existing lease until month/year (eg. November 2010);
– included the weekly rent;
– made positive (and true!) comments about the tenants being very reliable payers and excellent tenants generally;
– as the properties were rented furnished, we specifically stated that all furnishings were included in the purchase prices, and gave a list of what this actually included (fridge, QS bed, couches, dining table/chairs, etc etc);
– used phrases like 'ideal for investment' 'set and forget' 'no need to worry about finding tenants' etc;
– only had viewings by appointment – this means minimal disruption for the tenants, plus you don't get tyrekickers the way you can do with generally advertised home opens.We showed the two properties to three separate people in total – so two of the three people who came through put in offers that we could do something with (there was some negotiation but it was minimal), and we got excellent prices for both, way above similar properties in the area. Both properties were contracted in June and July 2010, when the general RE market was apparently slowing overall.
We can't stop advocating this particular approach to people who ask, it was highly successful in terms of time, money, effort and stress.
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