HOW TO SELL YOUR TENANT OCCUPIED HOME

Reblogger Anthony Saunchez
Real Estate Broker/Owner with Campa Properties DRE# 01758407

It can be a challenge sometimes selling and showing a tenant occupied property. Usually there is no lockbox and the tenant needs adequate notice, normally at least 24 hrs. Beth Atalay have some good tips on how to handle this.

 

Original content by Beth Atalay

HOW TO SELL YOUR TENANT OCCUPIED HOME

If your Tenant has something to gain from the sale of the house, they would be more willing to cooperate showing it.Think of ways to motivate them!


If at all possible, it would be best to wait until the tenants vacate the house prior to listing, however, that may not always happen.

 

There are several ways to motivate your tenant so they have the house in “Show Ready” condition at all times. Let’s be honest, it is work to keep the house in good, show ready condition even if it’s the homeowner living in the house.
Once you list your house for sale, you’re now asking your tenants to go out of their way and clean the house, make the beds and “allow” Realtors into their home with their potential buyers.
Based on my experience, most tenants have strict showing times, they do not want lock boxes on the door, no sign in the yard and reluctant to answer their phone to schedule showings.

Here’s a list of ideas you might consider to motivate your tenants to show your house:

-Offer a discount in rent while the house is on the market
-Offer to pay for their move
-Offer for a cleaning service while the house is listed

Ideal scenario would be for your tenants to buy your house, so ask if they would be interested in purchasing your house. Some may not be even aware that they’re qualified to be home owners.


Be sure your house has good curb appeal especially while you’re trying to sell it. I would recommend to have an inspection of the house prior to listing it to make sure there are no neglected areas inside or outside of the house.

Of course the best choice would be to wait until their lease term is up and market the house after tenants vacate.
Homes that are tenant occupied can be the longest ones to stay on the market for sale. Consult a Realtor and go over your options before announcing the Sale of your house to your tenants.

 

Thinking about selling your Clermont, Minneoala FL home? Call or text me at 407-929-1852, email bethatalay@gmail.com or visit www.WhereToLiveInOrlando.com

HOW TO SELL YOUR TENANT OCCUPIED HOME







 

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Beth Atalay, Broker/Owner

Cam Realty and Property Management

407-929-1852
Wheretoliveinorlando.com BethAtalay@Gmail.com
Your Orlando Agent - Where to Live in Orlando

 

CAM Realty

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Rainmaker
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Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

I caution real estate agents from interfering with a Landlord/Tenant contracts which are in place, i.e., the rent/lease agreement and they are not a party to.  There are terms and conditions which are in affect and what the real estate agent is doing, is suggesting terms and conditions be changed. We can not give legal advice, so is altering a lease agreement at our suggestion a good idea?   I like Beth and have nothing but respect for her.  But, agents should be very mindful of what they tell a LANDLORD to do regarding their TENANT!  It may be "tortuous interference" if something goes awry.

Mar 22, 2016 05:01 AM #1
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Anthony, great post to re-blog, and tenant occupied properties can be difficult, and Beth has done a great job with information.  

Apr 01, 2016 11:40 PM #2
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Tenants have never been anything but trouble for my listings so I simply won't do it anymore.

Jul 08, 2016 02:18 PM #3
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