OMG, I hate a listing with tenants. I require Sellers to make showing arrangements and discuss with the tenant prior to listing. Nonetheless, I have had tenants literally scream at me while trying to show the property.
Tenants deserve privacy and consideration. An owner who has a good relationship with their tenants will list and, at the same time, accommodate these desires. But sellers who do not will have a challenge!
Mona: Normally I would agree except a few years ago I was in a rental & couldn't believe how all my 'fellow professionals' did exactly what they pleased because I was a 'renter'. Somehow that makes it very unlikely that you will be treated with respect.
1) Agents showing up with no appointments literally demanding to get in. Then reporting that I am not complying & making showings difficult.
2) Children jumping all over my furniture unattended in my livingroom while the agent & 'Mom' are ??? Thru that couple & their jumping beans out of the house.
I bet that the office procedures are also not giving the tenant enough time to get the house together for a showing also. That particular example above didn't & I had a protective dog that was home alone.
I just had a tenant situation truly "muck up" a negotiation I was engaged in last week on behalf of my buyers.
In fact, the tenants were lovely people. Very cooperative while we visited the property.
So what was the snag? Not only did the tenants have a lease that went for another 3 full months, but the seller of the house wanted another month added on to THAT delay in closing date so that he could return to the house himself for a nice casual month of R&R (he lives out of state).
But to protect HIS interests, the seller wanted my buyers to secure their mortgage commitment asap, which means they would have to re-do appraisals and more, which would cost them precious dollars, to say nothing of time and aggravation.
My buyers said "REALLY? ah, no thank you."
Obviously, we walked away from that one,
I always advise my sellers wait until the lease with their tenants is up before we list the house for sale. I did have one seller who was very successful with bribing his tenant with half price rent while the home was on the market if the tenant would allow showings with one hour or more notice and keep the house clean. That house was always clean and easy to show just like a "normal" seller was living there. But I think that has more to do with the tenant than the incentive, but probably not a bad idea to at least try.
>>Let another agent deal with tenants who don't want to move.
Amen to that, Hella.
Alwayts a huge problem. the Renter tend to fight every step of the way. I have even had them refuse to move after closing. "Pay me" or evict me!!!!!!!!!!!!!!!!!
When my son's duplex was for sale he told his tenants that if it sold, he'd refund their last month's rent. They were very cooperative.
I staged a vacant home that had a basement tenant. On the day of the broker's open house, she decided to cook fish. Not too subtle!
Renters are worse than a leaking roof. I can get the roof fixed in hours...
Mona, so agree with you ... Renters are so difficult to deal with!!! Lol with #46. Thanks for so great blog post and
sharing with us!
Myrl, #32, has the solution to mitigate tenant's behavior and cooperation with marketing a rental property. If tenant benefits are provided by sellers, this wouldn't be an issue based upon my experience.
Hi Mona, reminds us of the new listing we took pictures of this week. After several days notice and being told "the house is always clean" we had to wait while the tenant moved mounds of clothes in every room!
I love reading all of these comments. Hah! Can get the leaking roof fixed in a couple of hours. Ewwwwh, mounds of diry clothes. Dirty pool with the renters cooking fish before a showing.
Boo on the realtors who made Lyn's life hell, there is no call for that. Good for the sellers who can work out incentives to keep the renters cooperative. Renters who refuse to move would be a huge example of bad kharma and it will definitely splash back on them.
Hella, settling for a lower selling price is a real possibility.
I think we can all use a link to this post to send to the sellers considering putting renters in their house while it's listed!
Had really good 'luck' when the sellers offered a reduced rent to their tenants to cooperate with showings. Tenants were also nearing end of lease and had an offer on a house during the marketing period so it worked out great for everyone.
But when I was still an assistant my boss had a listing where the sellers were divorcing and the occupying spouse did not want to move, sabotaged every showing. THAT was stressful, ended up giving the listing back. That experience taught me to make sure all the sellers really want to sell up front!
the good news is every now and again you run across a good cooperative renter ... always amazes me how badly people tend to behave at times
Mona - I've got one like that now, where the tenant is occupying a 2 bedroom apartment above the garage, and is on a month-to-month basis. Nearly every buyer I've shown this property to has stated that if they buy the property, they will NOT want someone living above the garage. Needless to say, the apartment wreaks of pet smell, and looks like it hasn't been cleaned in months.
I hate dealing with homes with tenents in them. Both Listing and Selling. However, some investors really like homes with good tenents in place. Tenents should keep this in mind.
Selling a house with a tenant is tough, but it can be done. You need to make the tenant feel that they are respected and at the end there is some kind of reward.
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