Selling My Apartment Complex – Can I Afford It?
I’m selling my apartment complex, but can I afford it? The many costs associated with closing the sale on top of a real estate commission… Those costs and commissions can really add up. What I do not want to experience is any big, expensive surprises on closing day.
Most buyers plan to apply for a commercial mortgage loan, and some of the costs involved may end up on the seller’s side of the settlement statement at closing. Here is a list of some costs that are usually paid for by the seller:
Title search
Title insurance
Mortgage pay-off fees
Land survey
Real Estate transfer taxes
Liens against the property
Property taxes to sale date
This list is not complete, depending on the city and state where a commercial property is located. Trying to estimate all the closing costs along with the real estate commission is making me wonder if I can afford to sell my apartment complex now.
Sell Your Apartment Complex To We Pay Fast
The professional team of investors at We Pay Fast pays cash and closes sale transactions quickly. Closing a single-family home can happen within a week to ten days after signing a purchase agreement, but commercial transactions usually take a bit longer.
We Pay Fast provides the initial documents and arranges for all the legal work at no charge to the seller. By calling 1-800-WePayFast (1-800-937-2932) or emailing info@wepayfast.com I will get a phone back from one of the We Pay Fast investors within 24 hours. Once we discuss my apartment complex, they may need more financial data by email. If they are interested in a property they generally make an offer over the phone and follow up by email with documents for signatures.
Selling my apartment complex could be quick and easy by calling the professional team of investors at 1-800-WePayFast (1-800-937-2932).