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Sell Rental House Vacant Or Occupied?
by Anonymous
on March 10, 2010 @13:28
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I need to sell my current rental SFH in the very near future. It will be vacant this weekend. Can you-all please provide some feedback on the pros and cons of selling an occupied property (6 month short term or MTM) versus a vacant property? I realize this would depend on many factors and that any new tenants would have to aware of a possible sale. I also realize we are coming to peak season for renting, and I understand, for selling. My "for sale" market is not depressed. Texas. Thanks.
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Re: Sell Rental House Vacant Or Occupied?
by George B (NY)
on March 10, 2010 @17:36
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Occupied can work very nicely while providing you some income from the property..... AS LONG AS YOU HAVE THE RIGHT PEOPLE who understand you are giving them a great deal because they agree to help you sell the property. I'd put it all into the lease agreement --- The LPA Lease Agreement that is.
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Re: Sell Rental House Vacant Or Occupied?
by P-Bone in WNY (NY)
on March 10, 2010 @21:59
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I guess it would depend on your market. Would your sale better be tailored to an investor, or to a family looking to buy an empty home for themselves? I guess if you wanted to sell it as an investment property, it would be better to have significant historical figures available and estimated returns. I created a product that can help you do this if you're interested. I would love the LPA to sell it through their site if John is interested.
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Re: Sell Rental House Vacant Or Occupied?
by OK-LL
on March 10, 2010 @23:06
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If you go M2M, then you can give a 30-day notice when you have a sale, since that's about the time it takes to get from signed contracts to closing table. Be sure the tenant knows coming in that the property is for sale and make it a part of the contract that tenant keeps the property show-ready during her tenancy -- and spell out what that means to you! And you might give tenant a price break as a concession for cooperation with showing and maintaining the showable condition.
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