Are you looking for tips on how to sell your house with tenants? Exit strategies are necessary for the real estate investment business as a part of your overall strategy to realize the best returns on the investment when you purchase the property. Savvy investors, however, understand that they must maintain a constant vigil over the local market for upcoming changes or trends in real estate requiring an earlier than planned exit. Additionally, changes in our personal lives may affect the strategy we use for the holdings in our real estate portfolios which may require selling with a tenant in residence. Whatever may have led to the decision that the timing was right, read on as we explore how to sell your house with tenants in Northern Kentucky.
Sale Termination Clause
Because existing leases are not affected by a decision to exit the investment property, you may wish to include a sale termination clause allowing you to sell your house with tenants in Northern Kentucky and terminate the lease legally. With or without this clause in effect, it’s always beneficial to offer benefits to the tenants in exchange, such as lowered rent during the listing period for keeping the house showing ready, offering to be flexible with the moving date, or even paying part of all of the moving expenses. It’s highly advisable to ensure the rights of the tenants remain protected. You should always verify the legality of your contract with a professional real estate attorney in light of local, state, and federal guidelines.
Notifying Tenants
When you sell your house with tenants in Northern Kentucky, you should provide your tenants with proper notice, maintain open communications and a positive relationship, and meet all local, state, and federal guidelines. In addition, summarize the intent to sell, and provide information regarding cooperation with the laws governing tenants regarding showing occupied units on the market, yet remain considerate, especially given any extenuating circumstances.
Difficult Tenants
Some landlords find no other option than to sell the property when they have challenging tenants rather than wait out the remainder of the lease. Unfortunately, suppose your screening process failed to protect you from this situation, and you’re trying to sell your house with tenants in Northern Kentucky. In that case, they may move from being difficult to being unreasonable. At the same time, you could begin costly eviction proceedings, the volatility may escalate, and chances increase that you’ll experience severe damage to the property, often running into thousands to repair. If you can’t count on their cooperation with showings, you may wish to consider using keys for cash, an incentive of a large lump sum of cash to vacate the property and provide you with the keys willingly.
Help in Selling Your House with We Buy NKY Houses
There will be no waiting and no more worrying. We Buy NKY Houses guarantees your closing date, in as little as a few days, or if that is too soon, We Buy NKY Houses will be happy to delay closing until you’re ready to go. Professional investors from We Buy NKY Houses want you to feel confident their offer is fair, so they will go over the figures with you when they make you an offer. On top of this, the direct buyers at We Buy NKY Houses will detail the profits you would make if you list with a conventional real estate agent. The goal at We Buy NKY Houses is for you to make the most profit possible on the sale, even if that means you don’t work with us. Call We Buy NKY Houses at (859) 412-1940 or send us a message today!
We Buy NKY Houses wants to help you decide which sales method is the best option for your circumstances. We want you to feel good about the sale long after the closing, so We Buy NKY Houses is transparent about our offer, and you won’t have to worry about commissions or hidden fees coming off of the top at closing, either. To learn more, send us a message or call We Buy NKY Houses at (859) 412-1940.