If You Want to Sell Your Home – Get The Renters OUT
I rarely see this situation in homes I lease...frequently the renters are homeowners themselves elsewhere AND are cooperative.
To Lenn's comment - this is ILLEGAL in most states as the performance in showing their home is not a condition under which a tenant's security deposit may be withheld....better option is a good lease with GUIDELINES included that come into play when the home is on the SALES or RENTAL market...I have this in my resident handbook and provide interior photos of the home VACANT with floor plans to the listing agent as a courtesy!
If You Want to Sell Your Home – Get The Renters OUT
Many homeowners try to sell their homes while renters are living in the property. In my opinion, this is a huge mistake. Renters are not motivated to help sell the home. In fact, in most cases, renters do NOT want you to sell the home they are living in and go out of their way to make showings difficult and do not present the property in the best condition when showings occur.
I listed a home a couple of months ago with renters living in the home. I told the seller my concerns, but they still wanted me to try and sell it with the renters living there because they did not want to give up the rental income.
I tried marketing the home for a few weeks and ran into problem after problem. I told the seller I simply could not sell their home for the premium price they were asking while the renters were living there and pulled my sign from the front yard. I told them I would happily let them out of the listing agreement if they chose. Otherwise, they would need to get the renters out so we could market the home properly.
The renters moved out the first of July. After some repairs and cleaning, we began marketing the home after the fourth of July. Keep in mind that this home was listed with another Realtor for over 400 days prior to my listing.
I am happy to say the home is now under contract and everyone is thrilled.
If you are serious about selling, you should focus on selling and let the landlord business fall to the wayside.
Belinda Spillman
Aspen Lane Real Estate
Metro Brokers Marina Square
(303) 884-2026
www.BelindaSellsColorado.com
