Imagine this…you’re a broker in NYC, and you get a call. It’s a client you’ve known for a few years, and you love them. They are lovely and have decided to sell the stunning loft you helped them purchase a few years ago. The market is doing...
Imagine this…you’re a broker in NYC, and you get a call. It’s a client you’ve known for a few years, and you love them. They are lovely and have decided to sell the stunning loft you helped them purchase a few years ago. The market is doing well for sellers, and you discuss the price. They are realistic, and everything seems to be going well, but just before you start talking about a timeline for listing and when to photograph the seller tells you one more thing. There’s a tenant in place right now, and they’re not easy. Today we are talking about the tricky situation of selling with a tenant in place who doesn’t want to help you in any way and what to do about as a homeowner.
Tenants can really make or break what happens to a sale, especially in terms of how the home presents and if they will grant access or not. Typically, a lease says that a tenant must give access, but that doesn’t mean they always comply and most landlords do not want to show a property with a difficult tenant in place. When you really have a difficult tenant in place, it’s best sometimes to wait until they are moved out before trying to sell. You can avoid days on market being high and also having to explain the situation to every buyer.
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