Profile picture for user9536978

Is it wise to sell my home with a tenant ?

Hello. I have a home I may want to sell that no-one is living in at the moment. Is it wise for me to find a tenant to live there temporarily until it sells? Thank you.
  • January 11 2013 - Niantic
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Answers (7)

Profile picture for Baljit Gill
I would advise against. You don't want to have a buyer not visit your home because the tenant can't make araingments or damage your home before a sale I have seen sellers pay upwards of 3K (Moving Costs) to get unwilling tenants to leave. if it is empty just leave it you have a better chance of getting a more painless sale.

  • January 24 2013
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Keep in mind that if a buyer is buying the house for themselves to live in, they might have a hard time obtaining a loan if tenant plans to occupy the house at the time of closing.
  • January 11 2013
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If it is a single family home and the likely buyer is an owner occupant then it is probably better that you keep it vacant.
  • January 11 2013
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One of the most valuable property rights is the right of occupancy.  You would have to disclose on the CT Property Condition Disclosure that there is a tenant in place and the tenant leaving would be a condition of the sale.  All things being equal, it is much easier to show and sell a home without a tenant. Unoccupied, the property can be shown with scant or no notice and there is no question of another individual having the right of occupancy.   Be sure to check the property on a regular basis or hire someone to do so. Winterize the property if it has not already been winterized. Then
price it to sell and it should move in today's market.

  • January 11 2013
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Profile picture for Ofe Polack
It depends whether the buyer is an investor or a buyer who will home occupying the property.  You have had to good responses below.  It is up to you!
  • January 11 2013
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Having had investment property myself it is much harder to sell a rented property as the tenant might discourage the potential buyer away.  You usually have a difficult time showing the property (setting appointments) and the home is usually not kept up to a sellable showing standard that will affect you price.

On the other hand if you have a family member that would be in the house with your interest at hart, might work out for your benefit as a house with furniture in it usually shows better the an empty home. if you would like to discuss this in more detail please give me a call.  [deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
  • January 11 2013
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Hi.

There are several variables to this situation.  Feel free to call me and I will be happy to discuss them with you.

Michelle L. Mayo
Shoreline Homes Girl
Heritage Properties
[contact information deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]
  • January 11 2013
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