can I sell a condo with tenants in it?

[Anonymous]

This will be hard and could lead to you getting a lower price. As first step, have you tried asking your tenants if they want to buy it?

[Anonymous]

Anonymous wrote:This will be hard and could lead to you getting a lower price. As first step, have you tried asking your tenants if they want to buy it?

+1 If your tenants have been there long term I agree they're your best bet for purchasing your unit. Also, if you could sell to them without having to hire a realtor, you'd save a lot of money. Also keep in mind that if they moved out, you'd have a lot of work and likely repairs, painting and other improvements to put it on the market. I'd definitely reach out to them as they are likely your best option. If the unit realistically needs repairs and upgrades you could structure the sale so your tenants get cash back at closing. Your tenants buying your unit is so much better than the other options (trying to sell with tenants in place which is sure to have a large impact on your sales price, having them move out so you lose rent for a few months while you spend $$ getting the unit ready to sell) that you should do what you can to be flexible and sweeten the deal.

Last, you mentioned you thought you would eventually move in to the condo. Would it be reasonable to speed that up and sell your current home as a Plan B?

[Anonymous]

This is a complete troll posting.

[Anonymous]

If the DC condo is where you planned to end up, maybe sell your MD place and move back to dc? Owner moving back in does not trigger the DC TOPA requirement, I think. And the suburban housing market may have a little more omph than DC right now.