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Answers (14)
- Dan, "the_country_hick"
- Contributions:4709
Roberto, did you ever look and notice that those who posted here are all new? They missed the small and way to light date on the post. Do you really have to act this way? Would you act like this in class? If so I expect I know what your reviews would look like.
Roberto the insulter takes off without engaging his brain before the typing starts.
Roberto the insulter takes off without engaging his brain before the typing starts.
This post is from June 2009... Do you really think the person is still waiting around for your advice? Dave the spammer starts, and the lemmings pile on...
- Sandra Estrada, "sandraestrada"
- Contributions:3
Depending on the Tenents. Sometimes your Tenents can make the sale or break the sale. I have seen Tenents that keep up the property like it was their own and I have also seen Tenents that have destroyed homes in less then a few months.
- Wenatchee Inspection
- Contributions:18
Speaking from experience I would wait until their lease expires. I've sold rental houses that tenant-occupied and others that were not. It's way easier to sell when you are controlling the cleanliness and presentation of your property...not to mention the renters may not want you to sell and could mess up the deal.
- Dave Poletti, "Seattle Rentals"
- Contributions:1
It is true, showing a vacant house is easier for brokers than one occupied by a tenant. However, in this relatively slow sales market, I would hesitate to vacate a good (paying) tenant with a slim chance of obtaining a buyer.
I have seen countles property owners lose 3-5 months of rent, not sell the house or condo, and end up having to find a new tenant. It may be a burden to keep your tenant in place but may be the smart move in the long run.
Negotiate a situation with your tenant to keep the house clean and allow for showings during the day with a lockbox in consideration for a reduced montly rent.
This is a win-win for everyone.....especially if the house does not sell.
[content removed by moderator due to self-promotion]
I have seen countles property owners lose 3-5 months of rent, not sell the house or condo, and end up having to find a new tenant. It may be a burden to keep your tenant in place but may be the smart move in the long run.
Negotiate a situation with your tenant to keep the house clean and allow for showings during the day with a lockbox in consideration for a reduced montly rent.
This is a win-win for everyone.....especially if the house does not sell.
[content removed by moderator due to self-promotion]
- barbara mcmahon, "NVST in homes"
- Contributions:64
Having been a landlord for over 20 years, it depends on the tenants. You might want to offer them an incentive to move early, offer to pay to have the house cleaned. If they are in charge of landscaping, I would imagine the yard may need to be cleaned up. A good buyer will recognize a well priced home, even in the midst of packing.
- Brett Meade, "Brett Meade"
- Contributions:163
I agree with getting them out ASAP (with financial incentives, etc.) and to wait until they are out to put it on the market. Vacant listings get shown the most, and sell faster. Listings with tenants can't be shown at a moments notice (24 hour minimum) and are typically not in showing condition (as you stated will be the case).
However, I don't agree that August is a bad month to put the house on the market. This year we'll probably have a bit of a rush in August and September of buyers looking to close before the $8,000 tax credit expires. This will be most beneficial to you if your home is in the typical FTHB price range, but it will also benefit higher end homes as it will free up the move-up buyers.
Wait until it's vacant, clean it up, price it right, and it will move quickly.
Brett
However, I don't agree that August is a bad month to put the house on the market. This year we'll probably have a bit of a rush in August and September of buyers looking to close before the $8,000 tax credit expires. This will be most beneficial to you if your home is in the typical FTHB price range, but it will also benefit higher end homes as it will free up the move-up buyers.
Wait until it's vacant, clean it up, price it right, and it will move quickly.
Brett
- Brent Lumley, "LumleyTeam"
- Contributions:245
Yes get them out as soon as you can. It is so much easier to show and sale a home that does not have tenants in it. That first impression is so important. Its better to take a little time and make sure it is completely ready to hit the market. If the home will be priced under $500,000 it should sale fairly quick.
Brent
Brent
- Jeff Konstant, "jkonstant"
- Contributions:1970
I would try to work with the tenant. You state the lease expires July 9. Let them stay through July 31 rent free on the condition they make the home available for showings. In fairness to them, you can place realistic limitations on showing times. No showings after 7:00 PM, before noon on weekends or some other combination that allows them to live with some dignity and still allows plenty of time for showings. Responsible agents will work within the limits and can easily explain things to their clients. Most people will be very understanding.
- Nancy Lee, "An OrderLee Home"
- Contributions:1195
How great is your potential profit? Would it be worth it to offer to help them (financially) move to short term housing? Do you, perhaps, own multiple houses? Could you offer them a deal if they moved into one of them? PMSoldier was really kind, keeping their rental clean and neat while it was being shown. Many tenants are not going to be so generous. The chaos and mess that usually happens while packing to move are not going to improve the your merchandising of your house.
- real estate mike
- Contributions:2001
I would offer to refund some rent for the inconvenience. Money talks. Also as little clutter as possible. I have seen on these types of listings where all showings were on one day , like saturday. This seems to minimize the pain. Just an idea.
- Geordy Rostad, "geordy"
- Contributions:991
From a real estate agent's perspective, when buyers are shopping for houses, they typically want to view the homes that are easiest to see first. This would be vacant homes. Next tier is the owner occupied. These aren't too bad, the buyer's agent has to make a phone call maybe an hour ahead of time. Last properties to get shown are the tenant occupied generally speaking. This is partially because the tenant's rights laws state that tenants need to be given 24 hours notice to enter the property. Does it always happen that way? Of course not but sometimes tenants are less than cooperative and this can add extra hassle.
It can be a bit unfair but I've seen it many times from both sides. My listings with tenants are shown less and when I'm showing, buyers tend to want to see vacant listings first.
Yes, you are right to be wary of listing in August. That is typically one of the slowest months for home sales but if you are priced to sell, you can sell your home any day of the year. I listed a home on July 4th once not expecting anyone to interrupt my holiday; sure enough, someone brought me an offer later that afternoon.
It can be a bit unfair but I've seen it many times from both sides. My listings with tenants are shown less and when I'm showing, buyers tend to want to see vacant listings first.
Yes, you are right to be wary of listing in August. That is typically one of the slowest months for home sales but if you are priced to sell, you can sell your home any day of the year. I listed a home on July 4th once not expecting anyone to interrupt my holiday; sure enough, someone brought me an offer later that afternoon.
- triton123
- Contributions:4
Thanks but they won't get out even though their lease expires July 9th as they are in the process of buying a house and won't close until the end of July.
- CubsfaninWA
- Contributions:567
I can speak from the tentant side (I was renting when the house we were in went on Sale, a short to boot), ASSIST THEM TO GET OUT. It was horrible on our side. We had to keep the house in show ready (meaning that we couldn't really live there even though I was paying the rent). I had three to five showing a day every day for over two weeks. I was still getting calls two weeks after an offer had been accepted just so people could come in to see the house, just in case the first offer didn't go through. Do a favor to tentants and assist them getting out of the house. It sucks on the tentant end.
Should I wait for tennents to vacate before putting house on market?
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