Selling
SELLING YOUR
APARTMENT
BUILDING
PRS Properties has extensive knowledge and experience of working with sellers of multifamily properties in Southern California. Whether you’re looking for investment or business opportunities in this ever-changing, multifamily real estate market, PRS will find the best properties to suit your needs.
The PRS team provides multifamily owners and investors with comprehensive research, marketing, advice, and transaction services for both private and institutional multifamily sales.
Attracting quality leads to your property…
Marketing Materials
Prepare a professional Offering Memorandum: fully completed with accurate numbers, current rent roll, and P & L statements, obtained directly from the seller or seller’s accountant. This document will also include pictures and all the pertinent information an investor will require.
Online Databases
List properties on Commercial Websites such as LoopNet.
Email Blasts
Multiple email blasts about your building to many tens of thousands of multifamily specialists throughout Southern California.
Communication
Weekly discussion with all sellers regarding activity on their properties, including feedback from principals and brokers.
RIAOC Advertising
Presentation at weekly RIAOC (Realty Investment Association of California) meetings, and advertisements in the RIAOC publication, “Gold Sheet”.
Advertise Online
List property in MLS to cover the whole of Southern California. Many commercial companies pass on this, but it is proven that every year, a good percentage of sales come from cooperating residential agents and brokers.
Cold Calls
Marketing calls to property owners in the area of the subject building. Many forget this step, but it has always produced results.
Mailers
“Just Listed” postcards to owners of local buildings.
Loan Review
Find which lenders will give the best rates, and any potential loan problems – NOW rather than later.
4 Tips to Selling your
Apartment Building
Sell your apartment building with our top four tips on establishing a pricing strategy, understanding investors, marketing your property, and how to find the right commercial real estate agent for you.
- Establish a pricing strategy
- Understand investors’ points of interest
- Marketing your property
- Much more!