Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "can I sell a condo with tenants in it?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=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? [/quote] +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?[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics