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Updated over 4 years ago,
Selling a SFH while occupied
I posted about this a couple weeks ago. The tenant's lease ends August 31. My intention is to sell the property in September. However, the tenants have not yet found a new place to rent. August 31 is fast approaching. I have contacted the tenant and have offered to transition their lease to a month to month contract. I have written an addendum to the current lease that spells out the month to month clause and I have told the tenants that I will be there in the morning so they can sign this agreement.
I don't want them out on the streets, but I also don't think they are working that hard to find a new place. They are being very picky about the properties and they expect they can get a mansion for a song.
Anyway, I am starting to consider selling the property even though the tenant is still living there. What has been your experience selling under this circumstance (or buying). I'm not desperate to sell it and can carry it a while even if the tenants don't pay and become squatters. however, after trying on the landlord hat for a while, I have decided it too much hassle while also having a full time job, and being a wife and mother. I want to sell. but the tenant won't leave.