Thursday, July 26, 2012

Should you sell your tenant occupied home or wait until vacant?

Selling a tenant occupied property can be a challenge.  The truth is sometimes selling an occupied property can be a challenge as well.

There is no right or wrong answer to this question.

As an investor-owner it is in your best financial interest to have a tenant in place as long as possible.   An investor buyer may also like the idea of having a good tenant already in place who will be staying.

A great tenant can enhance the sales process.

On the other hand, a less than cooperative tenant can easily sabotage the process.

I have shown properties where the tenant made a mountain out of a mole hill by volunteering negative information about the neighborhood, purported problems, whatever.

Were the issues real?  Who knows as we never got to that stage because the buyers did not want to did deeper.

Many times the tenant does not help the seller put their best foot forward by keeping the property clean and uncluttered

If you are an investor-seller I encourage you to develop a cooperative relationship with your tenant.   Perhaps some incentive to work with you - not against you!

Call me for information on buying and selling real estate in Brevard County, Florida.