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SEO, Both Buyer and Seller in Florida

Should you sell your home while it is being rented or wait till the renters move out?

Asked by SEO, Florida Wed Jan 16, 2008

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I will be closing on a home that had tenants when we looked at it with our buyers. It was not always easy to get in, even for the inspection, but the sellers had a 45 days notice to the tenants in the lease. If you try to sell it while it is vacant, it might be easier to show but think of the amount of rentalincome you will lose out, especially in this market.
2 votes Thank Flag Link Wed May 14, 2008
It is always easier to sell a home that is vacant and there are no scheduling conflicts. I have sold properties with renters but has always been easier with out. If you can afford the vacancy and are ready to sell wait till the renters are gone.
0 votes Thank Flag Link Fri Apr 17, 2015
I am going to sale a rental property i own and have sent the renters a 30 day. what if they dont move out what can i do?
0 votes Thank Flag Link Thu Apr 3, 2014
First thing I would do is talk to a reputable, qualified Real Estate Attorney.
Flag Fri Apr 17, 2015
I'm in a rental now and have agreed to have the land lord show the house, but now it's going on 11 consecutive showins(open house). Ther's not a limit nor a minimum of open houses. What is a fair number of open houses the land lord is etilte to. I'm bending over backwards, but the land lord wants 9 more week ends (1) day per week end to show the house. IS IT FAIR? Theres nothing in writting to show on open house. please respond. MY PERSONAL CONDITION DOES NOT ACOMPANY ME AND MY MOTHER HAVING TO LEAVE EVERY WEEK TO AC0MODATE THIS LANDLORD.
0 votes Thank Flag Link Sun Feb 16, 2014
Depends on who your target is. If it is an investor have a tenant in a property can be very attractive. Unfortunatley most renters to keep the house up very well and they tend not to show as well if you are targeting a primary residence buyer.
Web Reference: http://GetPrequalified.com
0 votes Thank Flag Link Wed May 21, 2008
I believe the answer to your question is surrounded by effective communication between you and your renter. Does the renter agree to allow the home to be shown? Read your own lease agreement. You may need them to sign an agreement allowing you to show it. The next question is, will it show well with them in place. Let your existing lease agreement and personal finances be your guide. It is great to show a furnished home that is well kept and has easy access. Keep in mind with most tenants 24 hour notice is required. Many buyers show up and want to see homes on the spur of the moment. In our market, good renters are golden!
0 votes Thank Flag Link Wed May 21, 2008
Unless your renters are exceptional.....it is a proverbial nightmare to sell with a renter in place. Basically, it does not allow easy access to your property and does't allow it to be seen at its best......

Many agents will not even bother with showing a place if they know renter are in place.

We recommend waiting it out.

Good luck,
The "Eckler Team"
Century 21 Almar and Associates
Venice, Fl 34285
0 votes Thank Flag Link Sat May 10, 2008

You can put the property up for sale while you have tenants in the property but it is subject to the tenants rights. It is also important to see how the property shows while they are in it and must be cooperative. Many times it does work better with the tenants out of the property.
0 votes Thank Flag Link Wed Jan 16, 2008
Pam Winterba…, Real Estate Pro in Danville, VA
If you want to sell it I think you can do so while it's still being rented as long as you inform the renters within a "reasonable" amount of time. Are they planning on moving anytime soon? If that's not yet a discussion, I would go ahead and sell it when your ready.......just let them know
0 votes Thank Flag Link Wed Jan 16, 2008
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