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California M…, Real Estate Pro in 92075

How important is it to consider tenants when selling a rental property?

Asked by California Mortgage Broker, 92075 Thu May 17, 2007

What concessions or incentives should I offer tenants when selling my rental in Phoenix?

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It depends on the situation, Brian. In many cases, the rental property is being purchased by another investor who finds having existing tenants to be a plus. In this case, there wouldn't be a need to offer any kind of incentives. If the buyer doesn't want to have the tenants, it's not uncommon to see a "buyout" of a month or two for the tenants though none technically is required. It's also not uncommon to see a landlord adjust the rent or make some other accommodation to allow for showings without having to obey the 48-hour rule for access to the property.
1 vote Thank Flag Link Thu May 17, 2007
Tenants can be a great place to look when trying to sell a property. You may want to offer to pick up all their closing costs. They could probably get in for no money down as well.
0 votes Thank Flag Link Tue Nov 6, 2007
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