Sell Your Apartment Complex in Houston, TX
Selling an apartment or multi-family complex can be complicated. It requires a specialized real estate firm that knows not only the Houston market but also the specific strategy, logistics and dynamics of multi-family commercial real estate deals. That's where Worldwide Commercial can help.
If you're looking to sell your apartment complex in Houston, TX, we are here to be your advocate and guide you through the dozens of considerations to ensure the best deal. Here are just a few of the questions you should be thinking about when marketing an apartment complex for sale in Houston, TX:
- At what price are other apartment complexes in the Houston area and your particular submarket trading?
- How does your property stack up to the competition regarding rental rates?
- Is there upside on rental rates with an improvement plan?
- How large or small is the potential buyer pool for a property of this size, age and condition in your location?
We can help you answer the long list of questions and position your Houston apartment complex or portfolio for sale in a way that allows you to realize the highest price the market will bear.
Worldwide Commercial specializes in a hands-on approach to marketing your multi-family property to a worldwide network of capable buyers, and we have a history of success realizing excellent results for our clients.
Buy an Apartment or Multi-Family Complex in Houston, TX
Specializing in apartment complexes and multi-family real estate means that we know both sides of the deal, through and through. Every process, every negotiation, every market factor that a buyer needs to consider when buying an apartment building in Houston, TX.
Recently, Hurricane Harvey has impacted Houston’s multi-family market. We saw the Houston multi-family market picking up momentum in 2017 ahead of the storm, but there is no question that the storm has accelerated demand for apartments and is helping the properties that weathered the storm improve their financials quickly.
Houston and Harris County are both requesting sizeable numbers of units from owners that have the availability so they can find housing for people who were displaced by the storm. Those move-ins are underway and it’s impacting occupancy numbers and eventually will cause increases in rental rates. In fact, REIS is projecting as much as a 10% increase in rental rates to come as a result of the increase in demand and the decrease in supply of available units.
Apartment data providers are estimating somewhere between 15,000-60,000 units are down as a result of Harvey. Wherever those numbers shake out, it will be interesting to see how the increase in demand impacts occupancy and rental rates for the rest of 2017 and into 2018. If you are looking to buy a multi-family complex in the Houston area, get the in-depth market knowledge and first-rate client service of Worldwide Commercial on your side of the negotiating table.