Selling Your Rental Property - Vacant or Tenant Occupied?

Should Your Sell Your Rental Property Vacant or Tenant Occupied?

This is a difficult question...

Cons of Selling with a Tenant

1. Will the tenant present the house properly
2. Are they going to be amenable to showings?
3. Will the property be well maintained?
4. Are they going to sabotage your sale?

How to Deal with Tenants When You wish to Sell

1. Talk to the Tenants and discuss the possibility of them purchasing
2. Involve them in your marketing plan
3. Rental rebate can often encourage a tenant to allow showings at reasonable times and days
4. Perhaps get a handyman in to repair items that will make a difference to buyers
5. Have a garden service company in to maintain the garden while you are selling

If the Tenants are not amenable, then perhaps its best to wait until the end of the lease and the tenant vacates the property.

When the property is vacant, you are able to

1. Repair and maintain the property
2. Upgrade if the property requires it
3. The property can be staged to sell
4. You would be loosing income, but it may be to your advantage at the end of the day
5. It would be easier to show a home that is vacant than it would be with a difficult tenant

I have many years experience as a real estate agent. I could easily be able to meet with you and your tenant to discuss the options. I would love to assist you. Please give me a call.