According to the National Association of Realtors, LGBTQ buyers buy homes that are older and smaller than people who do not identify as LGBTQ. As stated in the NAR article, LGBTQ buyer’s are buying homes on average 170 sq. feet smaller and 15 years older.
What does this mean for a Real Estate investor looking to sell their small, outdated investment property? Many times, investors hold on to those older investment properties, thinking, they will not sell, due to the size and age of the property. Or they think they will have to do a lot of work to it, before being able to sell the property.
What this article is letting us know, is that there are buyers for your small, older investment properties. You do not have to keep renting out that small, older home, you’ve been wanting to get rid of. There are buyers out there for it and it will sell, without you having to put money into it.
Ready to Sell Your small, older Investment Property? Give me a call today.
Seekia “kia” Morrison, Real Estate Sales Broker
West East Real Estate