Need Help? Call: 1-855-566-6652

How To Sell Your House With Tenants On Lease?

How To Sell Your House With Tenants On Lease?

Are you in a situation where you are looking forward to selling a rental property with tenants on a lease? This can be a tricky situation, something that needs to be handled tactfully and preferably with the help of an experienced real estate agent. If you have tenants, you should consider the following three points:

  • If possible, it is best to sell without a tenant.

  • If that's not possible, you should discuss the situation with them.

  • Consider how to secure your tenant's cooperation.

As a seller it should be clear to you that your tenant can make or break the sale. You will have to plan well in advance and discuss your plans with the tenant. Many times it may be required to postpone the sale.

Waiting for The Lease to End

When you have a rental house for sale, it will be best to wait until the lease expires. Many agents recommend that you should wait until your tenant has left. You can then fix your vacant property and sell it without any restrictions. This is mainly recommended when you have a difficult tenant. Such tenants can make it extremely difficult to show the house. If you are looking for the right real estate agent, we at HelpFindingMyAgent can help find the best realtor with experience in Selling a Tenanted Property.

Selling a Tenanted Property

If you have a great relationship with your tenants and if the lease agreement is about to come to an end, you can start the sales and marketing process. If you have cooperating tenants, the situation can turn into an advantageous one. You will be able to show your property with furniture that can give your potential buyers a better feel about living there. In such a situation it is important to serve a sale of property notice to tenant before you start the process.

Such a notice will help your tenant to start looking for another place. Many good renters prefer moving on rather than having to deal with the showings. Your real estate agent can help in handling the situation more professionally, even if you think your tenant is friendly. We at HelpFindingMyAgent can help you find the best realtor who has experience in successfully handling rental homes for sale. If you are not sure how to deal with the situation yourself, feel free to contact us now at 1-855-566-6652.

About the Editor

Arun Kumar

The old adage is that hindsight is always 20/20. Seven years ago, I embarked on a journey as a serial entrepreneur. I built my very first business in India and later expanded to the US. In weathering the ups and downs of several business brands, I discovered my passion for the digital platform.

I could see a huge opportunity to connect home buyers and sellers with quality information and service providers. That led to the birth and co-founding of HelpFindingMyAgent.com


Arun Kumar
Co-Founder of HFMA

Related posts
Leave a Reply
 

Popular post

Recent post