Are You A Seller or a Landlord? Sometimes You Can't Be Both

By
Real Estate Agent with www.ExploreBeaufortRealEstate.com (Ballenger Realty) 27941

Are you a landlord or a seller??So, the lease is up, and your tenants are now month-to-month.

Maybe it's time to put the home on the market.

You discuss with your tenants, who agree to allow showings with 24-hour-notice, as long as they get the standard 30 days to  vacate when the house goes under contract. 

But, a few weeks into the listing agreement, you haven't had any showings.

In the world of real estate, some buyers and their agents can't provide 24-hour-notice, but you also  notice  another trend -- even when given 24-hours-notice, the tenants are not allowing showings.

It's decision time. Vacant houses are always available to show on short notice, and they tend to show better than a leased home.

Do you give the 30-day notice to your tenant, and risk going several months without that rent money?

I encountered this exact scenario recently, and I, with a bit of trepidation, recommended the owner give the 30-day notice to the tenant, IF  the owner wanted to sell sooner rather than later.

We were just losing too many showings.

Thirty days later, the house was empty, and a couple of weeks later we had a contract. House sold and closed. Good choice.

Sometimes, it's a difficult decision, but you have to decide at some point if you are a seller or a landlord.

 

 

 

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Home Selling
Location:
South Carolina Beaufort County Beaufort
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Rainer
230,518
Mike Rock
Complete Design - Granite Bay, CA
Granite Bay Luxury New Construction...For Less

so true, depends on the tanant a lot, i have offered a bonus to the tenant if they cooperate well

Aug 06, 2015 11:04 AM #1
Rainmaker
152,299
Keith Strawn
www.ExploreBeaufortRealEstate.com (Ballenger Realty) - Beaufort, SC
www.ExploreBeaufortRealEstate.com

Thanks, Mike. True, definitely depends on tenant....

Aug 06, 2015 11:05 AM #2
Rainmaker
745,311
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

I don't take rentals for my listings just for the reasons mentioned.

Aug 06, 2015 11:38 AM #3
Rainmaker
152,299
Keith Strawn
www.ExploreBeaufortRealEstate.com (Ballenger Realty) - Beaufort, SC
www.ExploreBeaufortRealEstate.com

Sound policy, Rob. Thanks for sharing.

Aug 06, 2015 11:51 AM #4
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Rainmaker
152,299

Keith Strawn

www.ExploreBeaufortRealEstate.com
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