 Sell with Tenant? (by Steve [OH]) Jun 10, 2019 7:22 AM
 Sell with Tenant? (by Jasper [OH]) Jun 10, 2019 7:33 AM
Sell with Tenant? (by Roy [AL]) Jun 10, 2019 7:51 AM
Sell with Tenant? (by Rick [IN]) Jun 10, 2019 8:05 AM
Sell with Tenant? (by LindaJ [NY]) Jun 10, 2019 8:11 AM
Sell with Tenant? (by razorback_tim [AR]) Jun 10, 2019 8:20 AM
Sell with Tenant? (by DJ [VA]) Jun 10, 2019 8:46 AM
Sell with Tenant? (by Doogie [KS]) Jun 10, 2019 8:49 AM
Sell with Tenant? (by Robin [WI]) Jun 10, 2019 9:17 AM
Sell with Tenant? (by S i d [MO]) Jun 10, 2019 9:28 AM
Sell with Tenant? (by Oregon Woodsmoke [ID]) Jun 10, 2019 9:47 AM
Sell with Tenant? (by Landlord ofthe Flies [TX]) Jun 10, 2019 1:37 PM
Sell with Tenant? (by Dave [MO]) Jun 10, 2019 2:04 PM
Sell with Tenant? (by Pmh [TX]) Jun 10, 2019 4:05 PM
Sell with Tenant? (by Steve [OH]) Posted on: Jun 10, 2019 7:22 AM
Message:
I have a sfh I'm ready to sell. The tenant just moved out, should I put a tenant in it before trying to sell? It's more of a rental area. Thank you!!
--75.187.xx.xx |
Sell with Tenant? (by Jasper [OH]) Posted on: Jun 10, 2019 7:33 AM
Message:
Even if it's a rental area, it doesn't mean an owner-occupant person won't buy it. Clean it up, make it as attractive as possible, and sell it vacant on the retail market. It will show better, especially with a few staging items, and you will get more for it. --71.28.xxx.xxx |
Sell with Tenant? (by Roy [AL]) Posted on: Jun 10, 2019 7:51 AM
Message:
Any tenant will get nervous if they know their house is for sale. Some will even keep the house trashy to turn-off potential buyers.
Sell the house while it is vacant. You will have less hassles. --68.63.xxx.xxx |
Sell with Tenant? (by Rick [IN]) Posted on: Jun 10, 2019 8:05 AM
Message:
Sell with Tenant? (by LindaJ [NY]) Posted on: Jun 10, 2019 8:11 AM
Message:
Sell without a tenant. Easier to show, buyer will find a tenant to meet their requirements not be stuck for a year with your tenant. The pool of potential buyers increases as it can also be an owner occupied. --108.4.xxx.xx |
Sell with Tenant? (by razorback_tim [AR]) Posted on: Jun 10, 2019 8:20 AM
Message:
If I'm buying a SFH for a rental, I would rather buy it vacant so I can choose my own tenant. --24.230.xxx.xxx |
Sell with Tenant? (by DJ [VA]) Posted on: Jun 10, 2019 8:46 AM
Message:
I agree - since it's already vacant, sell it that way. Then you have a bigger pool of buyers - owner occupants and investors. I would still keep rental stats handy for when an investor inquires. If it's in really good shape, an investor may not even want it - no sweat equity potential. And what investor pays retail? --68.10.xxx.x |
Sell with Tenant? (by Doogie [KS]) Posted on: Jun 10, 2019 8:49 AM
Message:
Another vote to sell vacant. Most LL's may even get rid of your tenant as soon as they can in order to select their own. They also get to set the rent where they want it that way. --72.209.xxx.xxx |
Sell with Tenant? (by Robin [WI]) Posted on: Jun 10, 2019 9:17 AM
Message:
It really depends on your market. We had a house in a 98% rental area that we wanted to dump (too far away, not the kind of tenant class we wanted). An investor bought it that had a large commercial loan to spend. The bank wouldn't let him roll it into the loan unless it was rented. We found some unicorn tenants to pay above-market rent and he bought it two weeks later. --204.210.xxx.xxx |
Sell with Tenant? (by S i d [MO]) Posted on: Jun 10, 2019 9:28 AM
Message:
I prefer houses vacant. Easier to inspect, and I don't have to deal with whatever the past land lord considered an "acceptable" prospect. I screen tougher than 90% of LLs in my Class C market, so the majority of inherited tenants end up duds or causing problems.
Typically, unless I get the LL's lease and really like it, I will discount my offer $1000 to deal with the hassle of eviction I can almost always predict with an occupied rental. --173.20.xxx.xxx |
Sell with Tenant? (by Oregon Woodsmoke [ID]) Posted on: Jun 10, 2019 9:47 AM
Message:
It can be really difficult to sell with tenants in place. If the place is vacant, it can be shown without notice, it will stay clean, and there won't be any stinky cooking or garbage.
It is difficult to find a decent tenant who is willing to rent a house that is for sale, and it is a dishonest move to sign a lease without the tenant knowing the house will be for sale 3 days after they sign the lease. --98.146.xxx.xxx |
Sell with Tenant? (by Landlord ofthe Flies [TX]) Posted on: Jun 10, 2019 1:37 PM
Message:
If you find a tenant, the tenant will be nervous about the sell, complicate the showing process, and you'll limit your buyers to landlords. Limiting to landlords will drop your prospects significantly.
Also the landlord interested in buying will assume that this is probably a risky tenant since you don't have a long history of payments to show buyer and since they know you chose this tenant on your way out.
I'd rather find my own tenant, and have the chance to make any fixups before moving my first tenant in.
Just sell it vacant and you'll be able to sell it for more in a shorter amount of time. --108.69.xxx.xxx |
Sell with Tenant? (by Dave [MO]) Posted on: Jun 10, 2019 2:04 PM
Message:
Sell vacant and let them place a new tenant. --108.243.xxx.xx |
Sell with Tenant? (by Pmh [TX]) Posted on: Jun 10, 2019 4:05 PM
Message:
I have sold several properties to other LL with tenants included. shop it & see responses. I would not wait and forgo several mos w/out rental income. so depends on your mkt. --107.77.xxx.xxx |
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