Tenants want to buy my property

[Ming Lim]

Looks like my tenants might want to buy one of my properties and I'm trying to determine the best way to set a price. I don't want to ask an agent for comps, cause if my tenants do buy, I won't need them. Maybe appraisers? I'm open to ideas.

Cheers,

Ming

[Chris T.]

Hire an independent appraiser and split the costs? 

The biggest factor besides the comps, is your motivation to sell. If you don't need or want to sell, why are you selling to them at market value or under it? You can keep it and keep collecting rent. 

Or maybe even structure a lease option for them to stay longer and set up a future option price to sell. So you get the best of both worlds !