HomeBlogHome SellingWhat to Know Before You Sell Multifamily to an Investor in St. Louis Share on Like what you see? Share with a friend. What to Know Before You Sell Multifamily to an Investor in St. Louis Chris Kirshenboim | January 5, 2022 Last updated August 10, 2026 Owning a two-family or a fourplex in St. Louis is a job, and there comes a point where the job stops being worth it. When you decide to sell multifamily to an investor rather than list it, three things change at once. The buyer is underwriting rent rolls instead of falling in love with the kitchen, so condition matters less and paperwork matters more. Financing usually stops being the thing that kills the deal, because a cash close does not wait on an appraisal or a lender's repair list. And the tenants stay put. A multifamily investor sale does not require you to empty the building, chase down leases or remove anyone before closing; leases transfer with the property and the security deposits get credited at settlement. What you give up is the retail price a fully renovated, fully occupied building would fetch after ninety days on the market. What you get back is certainty and a date you choose. Bring us the rent roll, the last twelve months of expenses and a rough idea of what needs work, and we will tell you plainly whether listing would serve you better. You can see how we buy houses before you talk to anyone. Take your time. The number holds while you think it over. Understanding the Buyer Professional property buyers in St. Louis, MO typically close faster than traditional multi-family buyers, and usually pay full in cash. Traditional multi-family property purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. The usual commission is 3% per side, so if you sell your property for $200,000, you would have to pay $12,000 in commissions alone! Professional multi-family property buyers also may not charge transaction fees; if they do, they are extremely low in comparison to the commission or closing costs you would have to pay otherwise. They also provide mail-away closings which is a wonderful thing for out of state owners. No Preparation Necessary Professional property buyers in MO will usually purchase real estate as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction. Extended Occupancy Professional multi-family property buyers are in it for the investment. They are not expecting to move into the property on the day of closing. Most multi-family property buyers will allow a move-out timeframe after closing to allow your tenants to relocate at their own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the multi-family property when you leave. Your tenants can simply pack their personal items and furniture they want to keep and leave the rest. Sell With Confidence When you decide to use a professional multi-family property buyer in St. Louis, MO, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your property. You don’t have to worry about tenants leaving their home spotless every day before heading to work, just in case there is a showing while they’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture your tenants are taking and what they are leaving. No-Risk Selling to a professional multi-family property buyer is extremely straight forward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the property or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional multi-family property buyers already know the state of the property, and they are willing to take on that risk. Call Chris Buys Homes in St. Louis today at (314) 334-1481 or send us a message to discuss selling your multi-family property to a St. Louis investor. We can go over your property and let you know its market value and get you on your way to selling your property. FAQs Frequently Asked Questions Do my tenants have to move out before closing? + No. Leases and security deposits transfer at closing, so tenants stay in place and keep paying rent to the new owner. Nobody gets a notice because of the sale. How do you value a St. Louis duplex or fourplex? + We start with the rent roll and the last year of operating expenses, then subtract what the building realistically needs in repairs. Vacancy and deferred maintenance move the number more than square footage does. What paperwork should I have ready? + Leases, a rent roll, the last twelve months of utility and repair bills, and any open code letters from the municipality. Missing paperwork slows a closing more than a bad roof does.
