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Updated over 3 years ago,

User Stats

20
Posts
7
Votes
Louis P.
7
Votes |
20
Posts

Marketing to sell SFH with delinquent tenants?

Louis P.
Posted

I have a client looking to sell his SFH (nice 5BR on a large lot), but there are tenants in place who are delinquent on rent and are not allowing people in. We don't have current pictures and no way to ascertain the condition of the home. In all likelihood they'll have to be evicted.

The earliest they could be evicted would likely be around August 1st.  We're wondering how to approach marketing the property right now and being sold as-is with the tenants in place.

I've been involved with multi-family properties marketed in this manner, but this is a bit different. Any thoughts or suggestions on if we should put this on the MLS and how to market it? Price would be commensurate with the added difficulty and lack of transparency.