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Home Selling in 38654 : Real Estate Advice

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Sun Apr 3, 2016
Becky.daly asked:
Thu Dec 23, 2010
Wendy Lucas answered:
Clearly need to make the purchase contract subject to the lease and possession subject to the lease. Landlord/Owner needs to transfer any and all funds held pursuant to the lease to the Buyer at closing. The lease also needs to be assigned. Sometimes you can negotiate with a tenant to move out before the lease terminates. This may cost some money, but may be worth it to the buyer and seller. Also, get your owner/seller to incentivise the tenant tenant to cooperate with showings by offering a couple of hundred dollars if the tenant cooperates by allowing showings, keeping the place neat and clean and if a prospects asks them questions to be professional and positive. ... more
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