The Smartest Way to Sell Your Multifamily Property
Call us at 617.315.2525
Frequently Asked Questions
As experts in the Boston multi-family property market, we can remove the stress from selling your property
Before Getting an Offer
We're focused on acquiring 2-10 unit multifamily buildings in Boston and nearby cities and towns. We are committed to holding them long-term as rental investments
If your property is a multifamily in Greater Boston that doesn’t fit our target properties to purchase, it may be best to list with our in house multi family agent team. If you own a different type of property or are located outside of our target neighborhoods, we have a broad network of highly qualified real estate agents throughout the region who can happily connect you with the perfect buyer.
Not at all! Unlike wholesalers who buy to quickly resell, we're dedicated long-term real estate investors in the Boston area. We purchase properties with the intention of holding and managing them as rentals, ensuring stability and integrity in every transaction. This means you can feel confident that your property is going to someone who values it and wants to see it thrive within the community.
As long-term holders of rental property, we plan to make any necessary updates and rent out your building. This means your property will continue to contribute positively to the community, and you can rest assured knowing it's in good hands with an owner who cares about its upkeep, tenant satisfaction and long-term value.
We understand that selling your property can be time-sensitive. That's why we pride ourselves on our efficient process. If your building fits our model, you'll receive a formal offer within 24 hours of submitting your details and having a quick chat with one of our knowledgeable home buyers.
Receiving an Offer
Our offer price is determined by carefully considering several factors, including the property's location, condition, recent sales data in the Boston area, and current market trends. We use this information to arrive at a fair and competitive price that reflects the true value of your property.
Absolutely. We take into account any significant improvements or upgrades you've made to your property that may increase its overall value. Be sure to mention these improvements when you initially contact us so we can factor them into our offer.
Our offer will clearly outline the purchase price, flexible closing dates, proof of funds, details regarding an initial walkthrough to view the property once an offer is accepted, and any relevant terms and conditions that apply.
Initial Walkthrough
We conduct a walkthrough of the building within 7 days of the accepted offer to ensure accuracy in our offer. This helps us finalize the purchase with confidence and transparency.
During the walkthrough, we typically inspect all accessible areas of the property, including the basement, utilities, interior spaces like kitchens and bathrooms, and exterior features like the roof and siding. Please notify any tenants of the visit.
No, you don't need to make any repairs or cleanings before the walkthrough. We understand that you may be busy preparing for the move, and we will buy your property as-is, regardless of its current condition.
The walkthrough usually takes about 30 minutes, depending on the size and complexity of the property. We'll work efficiently to minimize any disruption to your schedule.
One of our experienced and professional full time employees will conduct the walkthrough. They are knowledgeable about the Boston market and can answer any questions you may have about the process.
Closing
The final walkthrough, conducted shortly before closing, is a quick inspection to confirm that the property's condition matches the agreed-upon terms in the offer. This ensures a smooth and transparent closing process for both parties.
While we cover certain expenses related to the closing process, there are some closing costs that are typically the responsibility of the seller. These may include title insurance, transfer taxes, and any outstanding liens or fees on the property. We recommend consulting with an attorney of your choice to get a detailed breakdown of these costs specific to your situation.
We understand that circumstances can sometimes change. While we prioritize honoring the agreed-upon closing date, we are flexible and can try to accommodate changes to the closing date based on mutual agreement and availability. Open communication is key, so please let us know as soon as possible if you need to adjust the closing date.
We work closely with the title company to ensure your mortgage is paid off at closing. This eliminates any potential delays or complications and ensures a smooth transition of ownership.
Typically, major appliances like refrigerators and stoves are included in the sale of the property unless otherwise specified in the purchase agreement. If you prefer to keep any appliances, be sure to communicate this clearly during the offer process.
Listing with HubOffer
We leverage our dual experience as real estate agents and investors, specializing in Boston's small multifamily market. This unique perspective allows us to understand both seller needs and buyer preferences, ensuring a smooth and successful transaction.
We know what makes a small multifamily property attractive to investors, allowing us to tailor your listing's presentation and highlight its key selling points. This translates to more interest and potentially stronger offers for you.
We offer a comprehensive package designed to showcase your property effectively and attract qualified buyers.
Yes, we will pay to have professional floor plans and 3D walkthrough created to provide potential buyers will the detail they need to make their highest offer.
Our commission rate is 4%, lower than the standard 5-6%, saving you thousands of dollars while providing you with full-service listing expertise. This equates to 2% to the Buyer’s Agent and 2% to the Seller’s Agent.
Costs typically include closing costs, commission fees, and any repairs or staging expenses. We can provide a detailed breakdown during the consultation and help you minimize costs where possible.
Pricing and Valuation
While you have input, we offer expert guidance based on market data, trends, and comparable sales to ensure your property is competitively priced. We monitor feedback and adjust the price if needed to attract strong offers while respecting your goals.
We combine market analysis, comparable sales data, property condition, income potential, and local demand with our investor perspective to assess its value accurately.
They can provide a rough estimate but lack the nuance and accuracy of a professional appraisal or our market-informed analysis. Consider them a starting point, not a definitive answer.
In some cases, we advise on improvements likely to give you the best return on investment, considering budget and timeline. This could include cosmetic updates, repairs, amenity upgrades, or increasing income potential.
Selling Process
We reassess the strategy, adjust pricing if needed, and explore other tactics to boost visibility and appeal. We can also suggest improvements to enhance its presentation and address buyer concerns.
We guide you on which repairs are crucial for maximizing ROI and minimizing hassle. As investors ourselves, we can also connect you with reliable contractors for affordable repairs.
We handle scheduling, coordination, and ensuring your home is presentable. Our licensed real estate agent will be at every showing to answer any questions from the perspective buyers and ensure that you and your tenants belongings are safe and secure. If possible, we advise on decluttering, cleaning, and highlighting key features to create a welcoming atmosphere.
We review and compare them, highlighting pros and cons of each. We are experienced negotiators and are committed to work on your behalf to secure the best price and terms, ensuring the buyer is qualified and committed.
These are clauses requiring certain conditions to be met before closing, like financing or appraisal approval. We help minimize their impact by screening buyers, negotiating terms, and resolving issues promptly.
Key documents include a listing agreement, purchase and sale agreement, seller's disclosure statement, and deed. We'll guide you through each step and ensure everything is handled correctly.