A very important aspect of selling your condo with a tenant is what you're currently renting for vs. your expenses. If you can show that your net operating income (NOI) is in the black, you shouldn't have any issues selling with a tenant in the property. Key buyers would be VCU/MCV parents who's children are visiting/accepting Richmond schools in the Spring but won't be moving in until August. They'll be able to beat the rush by buying in the Spring and making some money until their child moves in. Hope that helps!... more
FAN DISTRICT HOMES FOR SALEAs a resident of the amazing Fan District, I truly enjoy everything this very unique area has to offer. With greatÂ locally owned restaurants, unique shopping, relaxing parks,Â wonderful
You are in a very popular area! I know that a short sale may be one option, but have you considered renting your home? You may be able to hold onto your property until the market is a bit stronger and cover most of your current mortgage payments. This is just a thought.