This is exactly what I would write into my purchase and sale.
Make sure it's not a section 8 tenant, because you may NOT be able to get rid of them at all.
The 2nd problem is the tenant, you will want to make sure the tenant is out before closing and you have the opportunity for a walkthrough before closing. If you close with teh tenant, they become your nightmare to evict. The other problem is if you are getting a mortgage, the mortgage company will not let you close with a tenant in the property if you are buying it as owner occupied.
When buying a short sale you really want an agent who is expereinced in short sales that can guide you through the process, it will make things alot easier for you. A short sale is a great opportunity to get a great deal, but it needs to be done right. good luck with your purchase.
Pleasee see my blog for tips on buying a short sale.
A short sale can be a great way to get a great price on a house. Your contract should state that transfer will be free of all tenants and all personal property, meaning anything that isn't nailed, glued or screwed down should be removed prior to closing. Doing a home inspection with the tenants may be difficult, however the pros of getting the house at a great price should outweigh the hassles with doing an inspection with messy tenants. Your biggest hurdle will be to get the seller's lender to agree to your terms. Feel free to contact me if I can help further in any way...
Best wishes, Lee
Lee P. Johansen
Keller Williams Realty Metropolitan
2 Bedford Farms Dr., Bedford, NH 03110
Licensed in New Hampshire
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