Do you need to sell your house with tenants in Murfreesboro? The process can be much more difficult than a typical sale. Learn more about what to expect in our latest post!
Maybe you own an investment property in Murfreesboro that isn’t making you money. Maybe you are tired of constant dealing with tenant complaints, late payments and turnover. Maybe you are tired of dealing with frustrating and disrespectful tenants, but you just don’t want to deal with the eviction process. There are a number of reasons why a homeowner would want to sell a house with tenants in place in Murfreesboro. As you can imagine, it may be difficult to convince your tenant that selling the house is a good idea. They probably figure they will be uprooted. In order to get their support, you’ll want to let them know about everything going on, and making selling worth their while.
Offer Incentives
If you decide to list the house with a Murfreesboro realtor, you’ll want the full cooperation of your tenant. By offering an incentive, you’ll hopefully be able to avoid any resentment your tenant may be harboring for selling the house out from under them. You have to remember, that while you own the property, it is still the place they call home. By offering to help them with moving costs, first months rent somewhere else, or a discount on the amount of rent they are paying now, you will hopefully be able to get them to help you facilitate the sale. You can also offer to help them find a new rental and provide them with an excellent reference as needed. Keep in mind, that asking them to clean and leave while the house is been shown is a lot. Make sure you compensate your tenants accordingly to make the process run smoothly.
If the house is going to be shown with a tenant still living there, offer to pay for a professional cleaning service so that the dirty work isn’t on them to do. You could also offer them movie tickets or a gift certificate to a restaurant so they have something to do while the property is being shown.
Wait Until The Lease Is Up
If you want to sell the house using a Murfreesboro real estate agent, it may be in your best interest to wait until the lease is up. Trying to coordinate property showings, and keeping the house in show ready condition can be a lot for a landlord to ask of their tenant. In many cases, landlords face backlash and even situations where the tenants disrupt a potential sale. If you find a buyer then you have inspections and repairs to deal with. It can be better for all parties if you just wait until the lease is up before deciding to sell the house in the traditional way.
Terminate The Lease
If your tenant has violated the lease in any way, you can try to have them evicted. Not that you want to do them dirty, but if they have been consistently late on rent or have been a constant documented nuisance to the neighbors, you may be able to end the lease sooner than planned. When drafting your rental agreement, make sure to include details on what exactly will merit an early termination of the agreement.
Find Out If Your Tenant Wants To Buy
When looking to sell your house with tenants in Murfreesboro, you may want to let them know about it first. They already live there, maybe they like it well enough to buy the property. They have likely made the house their home and gotten accustomed to the neighborhood. If your tenants seem are happy to live there, they may want to buy the house themselves. If financing is a problem and you don’t need the full amount for the property right away, owner financing can be an option, at least until they are able to get the credit or cash they need for a traditional loan.
Understand The Tenants Rights
When trying to sell your house with a tenant in Murfreesboro, you’ll need to be aware of the tenants right. So long as no violation has occurred, in most places, a tenant has the right to stay in the home until the lease is up, whether or not someone buys the home.
Sell Your House Directly To Provision Homes
If you want to sell your Murfreesboro house with tenants still in place, the easiest way is sell directly to Provision Homes! We will buy your house directly from you, whether you have tenants in place or not. We buy houses as-is. No repairs, no commissions and of course no cleaning since the tenants are living there.. Our process will let you get rid of the unwanted investment as quickly as possible while receiving a great price for the home. In most cases, when you sell your house directly to Provision Homes, LLC, the lease will stay in place and your tenant will go undisturbed. The only change for them will be where to send the check each month. It doesn’t get any easier!