Does showing a home with tenants help or hurt the chances of a sale?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

One of the trends I see is both home owners and investors with tenant occupied properties, are selling their properties while values are high. The other trend i see is tenants who do not want to move, and do everything they can to hamper the sale.   

 

I recently listed a duplex which was occupied by one long term tenant and a newer tenant, both which are "tenants at will". The leases were up and the owner had them  on a "month to month" agreement now. The seller was older and he was ready to sell and enjoy retirement. I met the tenants and got a mixed welcoming. To limit disturbing the tenants we chose a two hour window to get all interested buyers in and requested highest and best offers. One tenant made their apartment spotless. The other told me they cleared a path so we can get in. 

 

One tenant left so we could come and go freely. The other followed 6 inches behind us telling us how bad the apartment was every time a buyer came through.

 

At the end of the day i had 8 offers. The seller reviewed each with me. We chose the best offer and moved forward. The buyer who we chose wanted to close quickly.  They asked my opinion "which tenant would  keep and which would i get rid of." The answer was easy. One tenant was cooperative. One kept the apartment clean and respected the property and the owner. The other did none of the above. In the end the tenant who made it difficult for us, his was not offered a new lease. The moral of the story is to work with not against the owner and the Realtor. 

 

 

My philosophy is simple, provide more personal and professional service to guide my clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest. Those that hire me, find a dedication like no other.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 34 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

 

 

 

We stand by you through every step in selling your home
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Topic:
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New Hampshire Hillsborough County Manchester
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Rainmaker
3,297,232
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Well Scott, that was nice of one of the tenants to clear a path...Really? Very coopertative of the other tenant to work with you!

Mar 01, 2020 09:58 AM #1
Rainmaker
3,351,936
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Scott,  I am never thrill to take a listing with renters in because they will not keep the home clean and turn down so many closing.

 

Mar 01, 2020 10:00 AM #2
Rainmaker
2,682,974
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

In the larger majority of listings I have had, tenants are not the easiest to work with.  It is usually far better to vacate the property before putting it on the market.

Mar 01, 2020 10:42 AM #3
Rainmaker
2,682,974
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Scott, on having this blog FEATURED in the Old Farts Club group!  

Mar 01, 2020 10:43 AM #4
Rainmaker
3,555,240
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Scott - you were fortunate that you were able to see the tenants as they were applying for their next landlord.  

Mar 01, 2020 02:12 PM #5
Ambassador
2,956,621
Anna Banana Kruchten Broker, CRB, CRS
HomeSmart International - Phoenix, AZ
602-380-4886

Scott in a hot market it probably doesn't matter if they stay or go.  Normally in the past sellers have secured the home and it's empty which makes it a  whole lot easier to show and sell.

Mar 01, 2020 03:17 PM #6
Rainmaker
3,125,205
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It was head scratching for sure Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400. They tried to kill the sale but ended up killing their chance of staying

Mar 01, 2020 03:28 PM #7
Rainmaker
3,125,205
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It does make it very tough Will Hamm 

Mar 01, 2020 03:28 PM #8
Rainmaker
3,125,205
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I would much rather sell a vacant place then have tenants in it Myrl Jeffcoat 

Mar 01, 2020 03:28 PM #9
Rainmaker
3,125,205
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The buyer sure appreciated the insight, he is a repeat buyer and that insures he will be a three peat buyer some day Michael Jacobs 

Mar 01, 2020 03:29 PM #10
Rainmaker
3,125,205
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

being vacant does it make it easier. Price helps when ocupied Anna Banana Kruchten CRB, CRS, GRI, WLS 

Mar 01, 2020 03:30 PM #11
Ambassador
4,102,302
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- it's always a lot easier to show and sell a home without the tenants and their belongings in it. Some people just can't be nice. 

Mar 01, 2020 06:59 PM #12
Rainmaker
2,147,595
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Scott - there is a lot of issues with tenants staying in their property when the house is listed for sale. I can only speak about my area. Although, I don't see it being a problem in Flower Mound, other cities, i.e., in Dallas and cities immediately surrounding Dallas, Tenants seem to think, they have a lease in place until the lease expires. They don't want people invading their privacy and many retaliate.  The best thing for a Landlord to do is buy them out of the lease and let them go. That solves a lot of problems. Investors are not turned off by conditions, such as in your photograph, first time home buyers who can't afford much are really put off. When people are buying a home for themselves to live in, it makes a big difference. To them, they are spending and sacrificing a lot of money. 

Mar 02, 2020 08:33 AM #13
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