Selling a Rental with a Tenant in Place

If you’re thinking about selling your house, but you have renters living in it, you may be wondering what to do. The good news is, you don’t have to wait until your lease is up to sell – there are a few things you can do to make the process go more smoothly. With a little bit of planning, you can sell your house with tenants still living in it. Here’s what you need to know.

Why Selling a House with Tenants is Difficult

Smaller Buyers Pool

Most retail buyers are not prepared to purchase a house with renters in place. For these buyers, becoming a landlord is not part of the plan. They are looking for a move-in-ready house without the additional ordeal of getting the tenant to move off the property first.

Showings and Marketing are Tricky

You may run into difficulty trying to arrange the times for necessary showings, inspections, appraisals, or other appointments. Buyers will quickly lose interest if viewing the property is a hassle. Additionally, you do not want to annoy your tenants with frequent requests to get into their homes.

Repairs and Staging are Out of Your Control

Homes that are staged, clean, and depersonalized sell for more than those that aren’t. When tenants are living in the house, you have very little control over the outward appearance of the property. A home that looks heavily lived in can be overcome with new paint and a deep clean. With tenants, your opportunity to do these basic fixes will be severely limited if not impossible.

Is Selling a Tenant-Occupied House Possible?

You may be wondering if it’s even possible to sell with tenants in place. These hurdles can make it seem impossible, but the good news is that if you can find the right buyer, selling can be more simple than you think. And you won’t need to wait until the home is vacant to sell.

Sell to a Cash Buyer

Cash buyers like us are willing to take on properties that are tenant-occupied. In fact, we have several strategies to work with existing tenants that make us extremely qualified to buy these properties. The sellers we work with can feel confident that we will be able to help them sell their property quickly.

We Buy As-Is

Because we buy properties in any condition, you won’t need to worry about upgrades or repairs on the property. We’ll typically need two visits onto the property, which greatly minimizes scheduling strain on the tenant and you.

Get an easy, no-obligation offer on your rental property today!

Imagine selling your rental (tenants and all) in as few as seven days! This is the kind of relief we provide our sellers. Contact us today for a no-obligation cash offer.