Listing Challenges

Carol, I totally support Alan's suggestions above...I have one right now like #2 and we already have done eviction and the tenants will be out month end...  on #1 relatives need to help as well as possible friends.   Keep us informed.

Better to have listing challengs than no challenges at all! I think we can all agree to this.

No one is going to want to buy with a tenant in place that is not paying rent. Just went through one of those where the owner did not have a key and the tenant would not allow the place to be shown. Because the price was very desirable as well as the location we went forward, with the contingency that the tenant had to be out and a due diligence period of 14 days. This one was doomed from the beginning. When the tenant was finally evicted the place was a wreak and the total cost of repairs made the deal undoable. A waste of time for me and my client - yet a great learning experience.

I admire you for taking this on.  Unlike you and the others, I'd walk on this one.  Say what you will about me, but the headache and hassle of these two situations just aren't worth the paycheck to me.

Scenario 1: Cleaned up or not, arrange for a showing block of a couple of hours, making it clear to agents that this is a "now you see it, later you don't" situation. Prepare buyers via private remarks. The hardy ones looking for a deal will still look and buy. As long as the actual owner is aware that the offer price is based on condition of the home, you will have done your duty. It's a short sale. Why would they be motivated? 

Scenario 2: Discuss the tenant's legal rights with the owner and encourage eviction while observing all the necessary legal steps to do it. The sooner the better. You don't want to be in the middle of a dispute.

It could be worse, you could have no challenges and no business at all! Sometimes it's a blessing in disguise.

Never a dull moment.. Just git-r-done...

It makes life interesting to say the least.  Challenges are always there in our business.

For years I used to take on challenging files like those, but not anymore.  I found I was missing out on better opportunities, because most my time was diddling with all the little details and other time consuming stuff that happens with files like those.  I learned it was better to pass those files to a peer, and make a little, while leaving myself available for a better opportunity.

Good luck with them,Carol, I hope they work out well for you.

I'm not sure why anyone would engage an uncooperative or reluctant client but good luck and I hope you're successful.

Carol I wish you tons of luck and inspiration, and hope your actual clients will listen to your advice so you can do your job despite the current occupants.    I'd rather have challenges than be bored, but perhaps you might set a personal limit as to how far you extend yourself on these two, so you're not totally consumed or burned out when an easier opportunity presents itself.

Carol, these are indeed challenges!  You have many good suggestions among the comments.  When I have had issues with tenant and family members in a property, I have met with the individuals living in the property and involved them in the sales process. Both the mom and the tenant may be overwhelmed by their situations.  If the tenant is unwilling to do what needs to be done, carefully follow Jacksonville's eviction laws. In Dallas, eviction takes time.

     "Been there done that", First I would list the home just as you described (price it accordingly) you will probably have several offers from contractors within a few days, next I would start the eviction process on the tenant, it sounds like she is violation of her lease and that situation has nothing to do with the short-sale (missed payments by the owner).  What is the tenant going to do, take a dog and clean the place.

Off to my new office, Total Wine and More!!

Have a good day,

Jim Miner in Phoenix, AZ

As Alan #11 & others state, get the moocher out pronto. Possibly offer a last month free rent in exchange for leaving it in excellent condition & co-operate with any showings. Stress that there WILL be a lawsuit ASAP filed for any OTHER rent and if they refuse the arrangement. Possibly go ahead and start the Eviction Process, but after the sheriff makes the first visit, you can Pause it if they are working with you, but easily re-start if they hesitate.

Hi Carol, two challenges I would not want right now. Wish you luck and agree with Alan' comments as well.

That is what I say to people who talk about working hard.  Better to be working hard than not working at all.

Not sure I would take these on myself lol..looks to be many headaches, although I do agree with some for the short sale, just be blatently honest with the seller and the buyers (agents) about the condition of the home).  

Good luck lol!

It sounds like two big headaches and I have had both similar situations more than once. The mother problem with the mess is the hardes of all. You cannot go against Mom, and mom knows that. Good luck!

That's right Carol.  No problems would mean you have no business.  Thanks for the reminder.