How tenants cause your property to get a “C” in Sale-ability
While lot of home owners became landlord and now the Northern Virginia market has recovered lot of these homes are getting on the market. Sellers can be hurt due to the present tenant both financially and sale of their home.
How tenants cause your property to get a “C” in Sale-ability.
Seller lists house with you. You’re ecstatic. It’s on a great location, just 4 houses from the beach. Seller has made a lot of improvements. Should be an easy sale, right?
WRONG!There’s a tenant who doesn’t want to move. Your first task is to speak with the tenant, assess the situation, try to “make nice” to get the tenant’s cooperation as you get ready to put the house on the market.
When you meet with them, they try to appeal to you to convince seller to let them stay because they don't want to move. So you ask them if they'd like to buy the house. They respond they will "never buy THIS house."
Okay....so they won't buy. And it looks like they won't move.
Signs tenant will make it impossible to sell
- Clutter. Tenants have mountains of stuff in the house, in the garage, in the yard.
- Clean? What’s that? Tenants don’t want to do anything to make the house look neat and clean. This is the way they live, and they’re entitled to live the way they want.
- Closed. That’s what this property might as well be because it’s show by appointment only. If they’re not available, they don’t want anyone on the property. Hence, no lockbox.
- Chatty. Tenants talk about things pertaining to the owners’ financial situation. Where do they get this information?
- Condemned. They belittle the property. It's "small", "needs too much work", "poor construction"....They keep talking about when repairs were needed even though the repairs were already done.
Seller might as well say that this house is NOT FOR SALE!
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How tenants cause your property to get a “C” in Sale-ability
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