If you need to sell your home with tenants – the process can be much more difficult than a typical sale. If you need to sell a house fast, we are your home buyer and offer cash for houses.
Maybe you own an investment property that isn’t making money and tenant turnover is frustrating. Maybe you are thinking about evicting a tenant, but the eviction process is so overwhelming and frustrating. If you’re a landlord and your tenants are still living at the property, it can be difficult to convince them that selling is really what’s best for their home. To get their support, you need to let them know about everything going on and making selling worth the hassle too.
Know Tenant Rights
When trying to sell your house with a tenant, it is important that you are aware of the tenant’s rights. So long as no violation has occurred, in most places tenants can stay at their home until lease expires whether or not someone buys the property.
Offer Incentives
If you opt to list the house with a real estate agent, it is essential that your tenant fully cooperates. Offering an incentive is the best way to ensure that you stay on good terms with your tenant. It’s a delicate balance. You need to respect their property but be mindful that it is still your house too! By offering to help them with moving costs, paying for their first months rent in their new apartment, or discounts on how much rent is owed, you’re much more likely to get through this without making any enemies. You can offer to help them find a new rental, providing an excellent reference as needed. Make sure you compensate your tenants accordingly to make the process run smoothly.
Offer to pay for a professional cleaning service if you are going to show the house with your tenants still living there. This way they don’t have to be burdened with the laborious task of cleaning the entire home over and over again. If you really want to sweeten the deal, offer to pay for their night on the town while you’re showing the house to potential buyers. That way they can be preoccupied and you won’t have to deal with invading their privacy.
Hold Out Until The Lease Is Over
As a landlord who wants to sell their house with real estate agents, it may be in your best interest if you wait until the lease is up. It can be a lot to ask of your tenants to not only coordinate property showings, but be present for repair work and constantly cleaning to stay ready for more showings. In many cases, landlords face backlash and even situations where the tenants disrupt a potential sale. Sometimes, it’s just easier to wait out the remainder of your tenants lease to avoid stepping on anyone’s toes – or worse – losing the whole sale.
Terminate The Lease
If you believe that your tenant has violated any terms of the lease, there is a chance to cancel early. If a tenant is consistently late on rent or causes continual headaches for their neighbors, then this may be an opportunity to terminate the lease early. But, it’s always good to plan ahead for events such as these. Include details in your initial contract on what exactly will merit an early termination of the agreement in order to avoid any future problems.
Ask Your Tenant If They Want To Buy
If you want to sell your house with tenants, maybe offer for them buy the home first. They’re already familiar with the property, and likely take good care of it. Plus there wouldn’t be the headache of moving costs and efforts. If you’ve been renting your home out and the tenants seem happy to live there, they might want to buy it themselves. If you’re able to forego the full cost of the house right away and they aren’t able to secure financing, you can consider offering them owner financing. This way you’ll still get a monthly payment from them, securing income.
Consider a Cash Sale
If you want to sell your house fast, with tenants then choose SellThatHome for the easiest way of all! We’ll buy your house as-is, for cash, whether you have tenants or not. We want you to get the best price for your home, and we’ll help make that happen. We’ll be your guide through the whole process, from beginning to end. One of the best parts about selling your house directly to SellThatHome is that you can keep the lease and still provide an excellent living situation for tenants.
If you are looking for a way to sell your house quickly, we may be the solution that has been waiting on. We work fast and provide easy access which means no headache! We will offer a fair cash price for your home and guarantee a fast close! Fill out our form online or call us at (407) 228-3682 to get your no obligation cash offer started!