Pros and Cons of Selling Your Property with a Tenant in Place

So. you're thinking of selling your investment property with the tenant in place? You're navigating a sea of emotions from excitement to caution? Well, let's break this down together.

First, the pros. Now, selling with a tenant means you keep getting rent until the closing day putting money in your pocket. Buyers are also seeing this as an instant return on investment making your property a hot ticket. You actually feel relieved knowing that you're offering more than just a house, you're offering a full package deal. 1. Easy Transition. So, no need to stage the home it's already lived in and welcoming. 2. Appeal to Investors. Investors are often thrilled to find a ready to go income producing asset. And now, the cons. Selling to a more limited pool of buyer - landlords could stir some worry. There are roughly about 10% investors right now in the market versus 90% buyers who are looking to move into the home and occupy themselves. Okay, another con would be coordinating showings with the tenant. This also adds complexity. And let's dig a little deeper. Okay, so, there are 1. Lease Limitations. existing terms could be a drawback making new buyers field boxed in. 2. Wear and Tear. Also, if you're looking at sprucing up the home, it may be difficult with the tenant in place. 3. Legal Complications. Tenant rights can be a complicated part of the sale. This may cause buyers to hesitate and possibly back out. In conclusion, time is up the essence and great opportunities don't wait. Weigh these pros and cons carefully, speak with a professional who can guide you and help you accomplish your goals. Who you work with matters.