Selling investment properties and commercial properties is quite different than selling residential. There is no emotion involved whatsoever. It is purely a numbers game on both sides. And as a real estate agent, you must be on top of your game to explain cap rates to savvy investors. And you must know your zoning laws on multifamily properties, especially if they are in the very sought-after Park Cities. HPISD multifamily properties are typically more long-term investments and the land is high, yet the vacancy rates are usually lower than areas outside of this school district. And the agent on the other side must be well versed in a transaction of this type.
However, the most rewarding part of this transaction was getting to know my clients. They were very patient partners, super fun to work with, very intelligent negotiators, and now friends. What a wonderful family. I stayed in touch with them every step of the way. I also look forward to enjoying the friendship we have made and assisting them further as they look for recreational property to create memories with their precious daughter.
Cheers to the Floyd family!