Selling Your House with Tenants in It? (The Do’s & Don’ts)
If you’re looking to sell your home but you still have tenants living in it, then you’ve come to the right place. This may be a difficult situation for some people and it can be hard to do, but we are here to answer all your questions about selling when you have tenants still living in the home. We will go over how to tell tenants that you’re selling the home, as well as if having a tenant there will affect your property value and many other questions.
Our team at Bradenton cash home buyers can help you sell your house fast for cash – with or without tenants in it!If you’re interested in learning more about our home buyers, get in touch with us by phone or fill out a quote request on our website.
Can You Sell a House While You Have Tenants?
The short answer to this is yes, you can sell a home while a tenant still lives there. They may actually be able to stay there legally even until their lease is up regardless of whether you’ve sold the home already. However, sometimes selling with a tenant still living there can make you less successful in sales. There are both pros and cons to selling while a tenant is still living there.
Pros & Cons To Selling With a Tenant
There are pros and cons to selling a home with tenants still living in it. Ultimately, it will be your decision on whatever is best for your sale, tenant, and possible buyers. Some pros to having a tenant still staying in the home while you sell is that your house will be staged. A lot of the time seeing a staged home can give a buyer a more sense of a “homey” feeling as well as it can give the buyer inspiration in seeing it all together. They don’t have to imagine what it would look like with furniture because it will be seen with furniture in it. Investors also like to invest in homes that already have tenants in them. So it is much more appealing to them if you are planning or thinking about going that route with investors.
Let’s get into the cons of having tenants living in your home while you’re selling. Sometimes, depending on how the tenants take the news, it may be hard to keep a “staged” setup for potential buyers. Ultimately, the tenants will have to keep up with the house which means cleaning it, redecorating to make it look staged and everything else needed to show a home. This is difficult because some tenants have no interest in helping the landlord if you’re planning on selling their home. Another con is that some buyers may just prefer not to have tenants in the home. It could very well be a deal breaker for some buyers when it comes to viewing the home.
How to Tell Tenants That You’re Selling The Home
This part of selling the home … Read More..