Selling your Warner Robins House with tenants
If you are a landlord who wishes to sell their Warner Robins property, you may face some complications if you have tenants. You want to make sure that you are not violating your tenants’ rights at the risking of losing them. If they leave you with a vacant house on the market, you may be stuck doing repairs and clean up as well.
In this article, we will discuss the common things that arise when you decide to sell your house with tenants in Warner Robins.
Lease Situation
The first thing to consider when selling a house with tenants is the lease situation. If you have a month-to-month lease, ending it shouldn’t be too difficult. However, you may need to provide your tenant with a 60 day notice. Check Georgia state laws. If you are in the midst of a fixed-term lease, selling mid-lease can be a bit more challenging. You will either need to sell the property to an investor who will honor the lease or give your tenant some sort of incentive to move out. Many investor/buyers prefer to buy houses with tenants at or near the end of the current lease. This makes it easier to insert their own rules more quickly.
Some leases contain early-termination clauses that would allow you to end the lease early in certain situations. It’s important to remember that the tenant has rights too, and violating those rights could lead to penalties.
Difficult Tenants
If your tenant has violated their lease in Warner Robins, you should be able to evict them without an issue. However, if your tenant is refusing to leave, the eviction process may require the constable, which makes the eviction longer and more arduous. Most landlords try to avoid dealing with evictions at all costs. By selling your house with tenants directly, you’ll be able to avoid the eviction process yourself and move on from the property with cash in hand.
Many direct buyers will simply take over the lease, and business will go on as usual. If the tenants are in violation of the lease, the buyer will go through the eviction process as necessary. A direct sale will also help you avoid having to list, market, and show the property, which can cause tension between you and your difficult tenants.
Benefits of Selling Your House Directly with Tenants
Selling your house directly to an investor is beneficial for several reasons. Investors are happy to take over a property that already has a tenant in place, especially if they are in good standing. It saves them time and money advertising, marketing, and showing the property. Investor/ buyers also like occupied rentals because there are less repairs to do immediately. The tenants are used to the current condition of the house and don’t require new carpet, paint, etc. You can also avoid paying real estate commissions and other fees associated with traditional sales.
Even if the tenant living in the home is being difficult, an experienced investor won’t have trouble getting the tenants to conform or pursuing the eviction process. They have likely had to do it before and won’t be bothered by the process.
How To Sell Your House With Tenants in Warner Robins
If you want to sell your house with tenants in Warner Robins, there are certain things you need to consider. First, communicate and be fair to your tenants. Give them proper amount of notice before selling your house. You also want to make sure that you are not violating their rights and risking penalties. Selling directly to an investor can be a great option if you want to avoid the eviction process and save time and money.
Conclusion
Selling a house with tenants can be complicated, but Real Estate Problem Solver can make it very easy. Make sure you are being fair to your tenants and giving them ample notice. Review the Georgia tenant laws. If you have any questions, contact us.