All the very best and please contact me with any other questions,
Janeese Jackson, Principal Broker
"your" Real Estate Resource
503-709-0802 or firstname.lastname@example.org
It will be a good start to obtain a comparable sales in your immediate area within the last 6 months.
Selling a home with a renter can be done depending on your rental and lease agreement however it can be a challenge.
Also, there are some local laws that you need to adhere to when showing a property with Renters to Buyers.
Anita Desilva, GRI
Real Estate Broker
Realty Solutions, LLC
Here's my website http://www.traceyhicks.com or give me a call at 503-317-5834, of course i'd be happy to help:)
Selling a home with a renter is less than desirable in many cases. With time at such a premium, Buyers and their Agents want quick and easy access. When creating a list of homes to tour, it can become difficult to include homes with limited access and/or 24 hour notice. The renter may create additiional barriers to placing the home in its best light by not picking up, leaving dirty dishes, not mowing the lawn and so forth. Providing some incentives to the renter such a last month at no charge if the cooperate can pay great dividends.
You can sell the home with a renter in place, the buyer many not be able to occupy at closing depending on the rental agreement. Month to month is the best practice when you know you'll be selling the home. Or a buy-out clause in the event of a longer term lease. Many options to consider. Hire a competent Realtor, one that understands the value of land and perhaps the land use process as you say the home is inconsequential and the value is in the land. I've had many years in real estate and would enjoy talking about this further.
In regards to the market value of your home. In today's housing climate, it's not a good strategy to use the city's assessment as the fair market value of your property. Speak to a real estate agent in the Portland area and request an analysis of the recent solds and listed properties in your neighborhood. Once you have this information, work with the agent to price your home accordingly.
Best of luck to you!!
Tom Inglesby, Broker
RE/MAX Equity Group inc
ABR,CRS,CDPE, Earth Advantage Broker
These answers are all great. Let me add that you have the right to sell the property any time you want. The new owner would have to honor the terms of the lease however since they survive a sale. The new owner would have to either allow the tenant to stay in the home until the lease ends or one of you could offer to "buy" the tenant out by negotiating with them to break the lease. You're in a good area as far as the market is concerned in Portland. Best of luck.
Yes, you can sell a home with a renter still living there, although the terms must be in the lease. I'd be happen to speak with you more if you have any questions, shoot me an email.
In order to determine fair market value of your home, you can call a real estate agent to get a comparative market anaylsis of your home. That will determine what the homes are selling for in your neighborhood and you can look at the comparables.
You would have to look over the rental contract to see what, if any, terms and conditions exist. As far as showing a property with a renter, usually a couple hour notice or some times they require 24 hour notice.
Real Estate Agent
2. Listing agent can review all your questions assist you what are your best options on how to proceed in pricing your home for sale.
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors