15011 Illinois Rd, Woodbridge: Retirement After Years as a Rental

Closed: February 18, 2020

The owner of 15011 Illinois Rd was retiring after years of renting out the property. Difficult tenants and the work of continued management made an as-is sale worth considering.

An exit from long-term rental ownership

This was a decision about the owner’s next stage of life as well as the property. The seller chose to sell as-is rather than continue managing the rental. The transaction closed on February 18, 2020.

Original property walkthrough

Andres walks through the home and documents the condition after years of rental use.

What this example shows

Retirement, the demands of managing a rental and the work involved in preparing a home for sale can shape a seller’s decision. An as-is sale is one option to compare with continued ownership or a traditional listing. The terms that worked for this property are not a promise of the same outcome for another seller.

Compare a direct sale with listing through a Realtor, or explore Woodbridge selling options and selected Virginia case studies.

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