Jason, the landlord of a home on Boca Raton Rd in Glendale, AZ, found himself in a tough situation. After renting out the property for several years, the tenants moved out, leaving the house in poor condition.
Jason faced the daunting task of fixing up the house, paying bills on a vacant property, and waiting months for a buyer through traditional channels. Instead, he reached out to AZ Home Seller Solutions, and we provided him with a fast, hassle-free sale that worked for everyone involved.
The Seller's Challenge:
Vacancy, Repairs, and Mounting Costs
Jason’s rental property had seen better days. After years of renting, his tenants had finally moved out, leaving the home in need of significant repairs—between $30,000 to $40,000 worth of work just to make it market-ready.
As a novice landlord, Jason quickly realized that managing the expenses for a vacant property, including maintenance and bills, was more than he wanted to handle. He knew that listing with a realtor meant spending months waiting for a buyer, not to mention the investment needed for repairs.
"I was overwhelmed trying to keep up with the bills on my vacant rental property. AZ Home Seller Solutions offered a fair cash deal and closed even faster than I expected."
Jason D. Gilliss
Motivated Homeseller
The property was sitting vacant, with no income to cover its costs, and Jason was frustrated. He wanted to sell but didn’t want the hassle of dealing with months of uncertainty or taking on a rehab project. That’s when my team stepped in with an alternative.
A Look Before the Sale
These photos show the property’s condition as Jason and his family prepared it for sale after the tenants moved out. They highlight the effort made to clean and prep the home for a smoother transaction.
Our Approach:
Fair Offers and a Commitment to Performance
Jason responded to a text blast from our team, and after the initial contact, my acquisition manager, Brian, set up an appointment to walk through the property and discuss options. During the walkthrough, Brian assessed the property, took photos, and noted all deferred maintenance items. Despite the condition, we offered $180,000 for the property—covering all buyer-side closing costs and agreeing to purchase as-is, with no repairs or credits requested.
The contract was contingent upon inspection, and Jason needed some extra time to fully vacate, so we all agreed on a 45-day close of escrow. Once everything was set, our transaction coordinator sent the contracts to the title company to set up escrow, while my disposition manager began marketing the property to our buyer network.
In this case, I reached out to my preferred investor buyer, Jamil, who reviewed the property details and confirmed he was interested in purchasing it at the price we wanted. We structured the transaction as an assignment of contract, allowing Jamil to take over and execute the contract with Jason while paying us a fee.
Step 1.
Discovery call to understand Jason's needs and situation
Step 2.
Property walkthrough with acquisition manager and initial offer made
Step 3.
Drafted and executed purchase contracts, contingent on inspection
Step 4.
Sent contracts to title company and began escrow process
Step 5.
Marketed property and identified investor buyer
Step 6.
Assigned the contract and finalized the transaction
The Contract That Sealed the Deal
Here’s the purchase contract that outlined the as-is cash offer with no contingencies. This agreement provided clarity and set the foundation for a hassle-free sale.
The Results That Made the Difference
Our initial purchase price agreed upon with Jason was $180,000. After securing our preferred investor buyer, Jamil, we assigned the contract for $190,000. The buyer was ready to handle the full rehab the home needed, and when we checked in a while after closing, Jamil had completed a full gut rehab and resold the property for a gross profit of $65,000.
For Jason, the outcome was better than he had hoped. He received a fair cash offer and was able to sell the property without taking on the burden of repairs or waiting for months with a realtor. We even managed to close ahead of schedule, giving him the relief he needed faster than he expected. Jason was thrilled with the process and said he’d recommend my team to anyone looking for a quick, no-hassle sale.
$180K Cash Offer: A Stress-Free Solution
Jason received $180,000 in cash, giving him the financial relief he needed without the hassle of repairs or delays.
Early Close: Reduced Costs and Faster Relief
We closed the sale ahead of schedule, helping Jason avoid ongoing expenses and providing a quick resolution.
No Repairs Needed: Saving Time and Money
By selling as-is, Jason avoided costly repairs and saved valuable time, making the process as smooth as possible.
Proof of a Successful Close
Want proof of a smooth transaction? Here’s the closing settlement statement from the sale, breaking down every detail from buyer costs to seller proceeds. We’re all about transparency—and this document shows just how effortless we made it for Gurj.
“Quick cash sale with Rafael’s team—no issues at all!”
After my tenants left my property in poor condition, Rafael’s team offered a fair cash price without any negotiation. They closed in just a couple of weeks, and I received the full amount as promised. Their straightforward approach and quick action were exactly what I needed.
Top Tips for Selling a Vacant Rental Property
Selling a vacant rental property can be challenging, especially when repairs are needed. Here are some key lessons from Jason’s case that could help others in similar situations:
top tips for
realty success
Sell As-Is to Avoid Extra Costs
Selling a property as-is, without needing to make repairs, can save you time, money, and stress, especially if the property is vacant and not generating income.
Work with a Cash Buyer for Speed
Cash buyers can close faster and without the contingencies often seen in traditional sales, which is crucial when dealing with vacant properties.
Choose a Buyer Who Keeps Their Promises
Selling a property can be unpredictable, but working with a buyer who keeps their word—both on price and timing—can make all the difference in your experience.
Lessons Learned: Honoring Commitments Is Key
This transaction highlighted the importance of honoring commitments. Jason had spoken with other investors, but they couldn’t give him the price he wanted without adding contingencies or renegotiating.
We kept our word—both on the price and on the terms—and that made all the difference for Jason.
Another takeaway was the value of being prepared for any scenario. By having a strong buyer network and structuring the transaction as an assignment of contract, we were able to guarantee a successful outcome, regardless of any potential hiccups.
Need a Stress-Free Sale Solution?
If you’re overwhelmed with managing a vacant rental property or just want a stress-free sale, my team and I are here to help. We specialize in handling everything from negotiations to closing, making the process smooth and easy.