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Tenants might pay their rent, but they could be sabotaging your ability to sell at the same time!

By
Real Estate Agent with Keller Williams Heritage Realty

This past week, I've shown more than 50 Central Florida properties to a multitude of Buyers. While most of the Buyers I am working with are first-time purchasers, they are savvy, educated and well prepared.

Thankfully, most of the properties I showed this past week were either vacant or owner-occupied and were easy to show...however, there were several that were "tenant occupied" and nearly impossible to show.

Now that the week is over and each of the Buyers have elected not to pursue any of the "tenant occupied" properties, I wanted to share the reasons why with Sellers and their Real Estate agents so that they might have some insight as to how their tenants might be sabotaging their sale.

Just this week, the Buyers and I encountered tenants who:

  • Required an appointment to show the property. After four attempts to schedule with no response, this property was moved to the back of the Buyer's interest list
  • Removed the key from the lock-box so that it couldn't be shown (and weren't afraid to tell me that!)
  • Installed a dead-bolt lock on the interior of the home that could only be opened from the inside (so the key in the lockbox was useless)
  • Left dirty dishes, clothes (including undies) all over the floor and had so much stuff crammed in the closets and scattered everywhere, that the Buyer couldn't see past the clutter and mess 
  • Failed to show up at the scheduled "showing" time and since there was no lockbox, we couldn't get in at all
  • Told me they were tired of showing the property and we'd have to "just wait" until they moved out to see it
While I can understand a tenant being frustrated that the property is being marketed for sale and that it's an inconvenience to accommodate showings, Sellers and their Real Estate agents need to know that the actions (or lack thereof) of the tenant may very well be sabotaging their sale and determine BEFORE they list the property for sale if the tenant is more trouble than they are worth.



LaShawn Norden, PA, REALTOR, Certified Distressed Property Expert, RE/MAX Central Realty

(321) 377-0157LaShawn@LaShawnNorden.comwww.LaShawnNorden.com

 



 

 

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Direct: (321) 377-0157, LaShawn@YourHomeOurPriority.com Certified Distressed Property Expert (CDPE), Accredited Luxury Home Specialist (ALHS)  & THREE-YEAR Five Star "Best In Client Satisfaction" Award Winner! Click HERE to visit MY WEBSITE!  

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David Monsour
Keller Williams Keystone Realty - Gettysburg, PA
ABR - www.realty-insights.com

I know tenants are so difficult.  I have something in my lease that says they have to let the showings happen, but it doesn't mean they will cooperate.  Half the time you have to show up as the owner to facilitate. 

Feb 01, 2010 02:06 PM
Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

Tenants are the kiss of death to a listing, id prefer to have a overpriced listing than a one with tenants

Feb 01, 2010 02:11 PM
June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership

Tenants can really throw a monkey wrench into have a speedy sale.  I have had some great tenants that really work with you and some that won't let anyone in at all. 

Feb 01, 2010 02:16 PM
LaShawn Norden
Keller Williams Heritage Realty - Longwood, FL
REALTOR, (321) 377-0157, Your Real Estate Advocate in Central FL

David...Having language in the lease is very important for sellers who are listing their homes with a tenant living there...I wonder if it could also include "must not have dirty dishes in the sink and undies on the ground for showings!"???

Andrew...I don't think ALL tenants are the kiss of death, but I do believe that landlords/sellers shouldclearly explain the expectations upfront and get the buy-in of the tenant before they list the property!

June...So true...some good and some bad. I just wish the listing agents and/ or owners would prepare buyer's agents that the property may be nasty with undies on the ground so that we can prepare our buyers better! ;-)

 

Feb 02, 2010 02:07 AM
Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

It's terrible I have run into the same thing this week. I dont know what the tenants are thinking either do you want someone to really see that you live like that.

Feb 02, 2010 10:25 AM
Anonymous
Kirstin Russ

LaShawn - great article, I hope some of those owner sellers see it.

Feb 08, 2010 01:51 PM
#6
Dr. Stacey-Ann Baugh
Century 21 New Millennium - Upper Marlboro, MD
A doctor who makes house calls.

I think it must be so tough to sell a home with tenants.  They aren't invested in the sale so it makes sense that they would be less than cooperative.  Good luck getting in to see these homes.

Mar 08, 2010 02:43 PM