If you’re a landlord and are thinking about selling your property, this one is for you!
You have decided it’s time to sell your rental property. However, it’s still occupied, and your tenant’s lease hasn’t expired yet. Based on my extensive experience with selling rental properties in the Philadelphia metro area, my first suggestion is to wait until the tenant has moved out before listing. It makes it much easier to prepare the home for sale and eliminates any issues with showings.
If circumstances don’t allow for you to vacate the property prior to selling it, here are a couple of things for you to consider. Showing the property may become a nightmare and make it challenging to sell. Let’s keep it real – you are basically telling your tenant they have to move but be totally flexible and hospitable to a bunch of strangers. To encourage your tenants to cooperate with your plans, consider offering them lower rent for a few months in exchange for an agreement to show a clean and well-kept home. Other incentives may include a flexible move-out date or reimbursing moving costs.
So, there you have it, folks. Don’t hesitate to contact me at 267.603.1226for any additional questions. I’m here to assist you with ALL of your real estate needs. It would be my pleasure to serve you!