Selling a Rental

[Christian Hutchinson]

I have a rental...It was originally occupied by myself and wife.  We moved 2 1/2 years ago, and turned it into a rental.  We notified the tenant, we would not be renewing the lease(expires August 31) and will sell the property in Q4 this year.  The tenant doesn't want us to sell.  Whats some ways to sell them the house?  I want this done easy.

I am willing to give up putting it on the market and gaining money on the sale, because I get to cut out the Realtor...Comps are $85K in our area, and but I am willing to sell for $75K, if this can be done quick and easy, with minimal cost out of pocket, for either party. FYI, the tenant would save $400 per month if they took our offer of $75K based on what they are paying for rent, they pay $900, and they cover their own utilities except water.  The water Bill is $45/month.

We bought the home as a short sale in Nov 2009, so we make pretty good money either way.

Suggestions?

[Sky Mikesell]

if the tenant is good, leave them in there and sell the property to another investor as a turn-key investment.   if the numbers work someone will buy it.