Is it difficult to sell properties with tenants?

[David DeAvila]

Hello BP community! I’m mostly a podcast-listener, but I’m here on the forum to get advice.

I have 2 rentals (GA & TX) that are on new 1-year leases.

My wife and I are planning on buying a larger house in CO and we’re wondering if it’s common or even possible to sell the occupied properties.

If so, is market value expected? What other variables should I be thinking about? Should we just be patient and wait for leases to end so that we are able to market to a larger pool of buyers?

Thanks in advance!

[Michael Dumler]

@David DeAvila in this market, no, it should not be difficult to sell tenant occupied and is quite common. However, I would adjust list price accordingly. To maximize full value, most buyers do indeed prefer for the property to be vacant. With that said, if the tenant's have been paying on time and have kept the home in overall decent condition, then I don't see any trouble listing tenant occupied. As with any investment listing, you/your agent need to pull comps which have sold with tenant's in place. Best of luck!