Selling home to current tenant.

[Sean Connolly]

Hello all,

I own a property with a duplex and single family home on it. I am currently subdividing the houses, as well as a wooded lot, and selling separately. My tenants in the SFH have shown alot of interest in buying the SFH. The comps I have pulled up are averaging around 290,000. I am curious what people think about selling the property to them on my own, or using a realtor. I would obviously rather keep the real estate commission if we both agree not to use realtors, but am concerned about liability. Looking for some insight from those who have structured their own deals before.

My plan was to be blunt, show them the comps and give them a firm offer. If anyone has any insight I would truly appreciate it. Thanks in advance.

[Aaron K.]

I don't know what they are paying for rent but $290,000 might be a bit steep for them, I have seen this many times where tenants vastly overestimate what they can afford and think they can buy the house where they are renting.  If they are serious ask them to get pre-approved with a lender to see if they are even qualified before worrying about realtors and paperwork etc.