Is your tenant costing you money? Today I was showing homes to some perspective buyers. One of the homes was occupied with tenants. The whole time we were viewing the house the tenant was screaming at her 4-year-old son. Obviously we could hardly concentrate on the house and we decided to move on.
Your tenant could be costing you the sale of your home. Make sure to weigh the costs and benefits of keeping your tenants in the house while trying to sell. Having your tenant in the house can lead to:
- Missed buyers – setting appointments can be extremely difficult.
- Longer time in the market.
- Lower sales price.
It might be better idea to help your tenants find new housing or wait to the end of the lease before listing.
Always make sure to check with your local and state tenant laws.
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