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Updated about 6 years ago on . Most recent reply

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34
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4
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Xin Z.
  • Plano, TX
4
Votes |
34
Posts

Tenant wants to buy my house

Xin Z.
  • Plano, TX
Posted

My tenant wants to buy my house but comes up with an offer lower than market.  She said if the inspection finds everything is right about the house then she can consider a higher offer.  Should I allow her to hire an inspection on the house?  

I don't have any plans to sell the house myself but the tenant is very interested in buying it.  Your comments and advice is greatly appreciated!

Most Popular Reply

User Stats

218
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96
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Michael Hicks
  • Real Estate Investor
  • Rossville, GA
96
Votes |
218
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Michael Hicks
  • Real Estate Investor
  • Rossville, GA
Replied

@Xin Z.   You need to set the price you want and then adjust to her home inspection if that is what you want to do.  I would never agree to a low ball offer with a chance of raising the price.  I've never had a home inspector come back and say everything is great.  The client is essentially paying a home inspector to find problems.  So more than likely she will want to offer even less.  If I received a low ball offer I would just respond that it's not for sale.  All of this is assuming you didn't pay too much when you purchased.  Hard to say without any numbers.  As long as you're cash flowing, stick to your plan.  Just my 2 cents.

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