Selling a house with tenants

[Estefania Navas]

Hi everyone, we decide to sell our first property that already have tenants. 

Can someone advice how will be the best approach to the tenants to inform them that I will be selling the house? Is any notified letter template that someone have that I can Use?? 

Please HELPPP =) 

Thank in advance... 

[Winston Covington]

In my 38+ years as a Realtor, I have seen far more deals lost due  to uncooperative tenants that I care to mention. To begin with, your lease with your tenant must be respected as a sale of the home will not break the lease.

If an Investor is buying it, having a good tenant in place will be attractive depending on the terms and conditions of the lease.

However; if it’s a owner occupying Buyer that you’re dealing with, the tenants can kill the deal by their lack of cooperation in showing the home, not keeping the home clean and neat or by planting negative feedback about the house and the area in front of the Buyers.

Furthermore, I have seen tenants refuse to move causing major problems for the transaction knowing that it will take months before you have a date in eviction court.

if you can afford to carry the house payments while you’re selling the home, wait until your tenants move out.

If you can’t, negotiate a discounted rent for your tenants cooperation and work out a respectful showing schedule in advance.

Good luck.