How Do I Sell My Rental with Tenants in Grafton, WI?
How Do I Sell My Rental with Tenants in Grafton, WI?
Have you decided that you are tired of being a landlord and would like to sell your rental property in Grafton, Wisconsin? If you currently have tenants living in the home and you're not sure what to do, but you know you want to retire from the role of landlord, this article is for you. We are here to walk you through the process and the steps you need to take.
Wait for the Contract to Expire
The problem with wanting to sell a rental property with current tenants is that they may be legally bound to stay in the home. If you stated specifically in the contract that you can evict them if you are selling the home, then you can sell it without any problems and they are forced to move out. If the contract does not say that, then you may be stuck waiting it out until their contract is up. Here are the pros and cons of holding on to the property with tenants for a little bit longer.
Pros
Repairs/renovations
If you have a good relationship with your tenants, then you may be able to go in the home and see what repairs will need to be done to sell the place. If some things need to be done you can offer a rent discount if they make some of these minor fixes. Maybe they could paint some of the walls or replace the old flooring.
Pays down the mortgage
If your tenants are still paying down the mortgage for you, that is more money you can cash in on once the property sells.
Cons
You are still the ‘landlord’
If you are legally bound to the contract, then it looks like you will be stuck playing the role of landlord until the contract is up.
Sell Your Rental with the Tenants
There is a chance that if you put your property up for sale your current tenants can get the hint and may voluntarily move out. They may ask you if they can just break the contract and move out early. If they want to stay in the home and are stubborn, then there will be some pros and some cons to selling the property.
Pros
An investor may want to purchase the property
If you are able to find an interested buyer who will use the property as an investment, then this may be a golden opportunity for them as they will already have a renter once they purchase the home.
Cons
Stubborn tenants
If your tenants are stubborn, this can make it really difficult to show the property. Your tenants may be a pain and not allow anyone to come to walk through the house. If someone does come to see the home, you won’t be able to guarantee the condition of the home. This can make the selling process extra difficult.
Sell to a Cash Buyer
A cash buyer will purchase your property even if you have tenants living in it. They will purchase the home in any condition with cash. This is especially a huge benefit if your tenants have destroyed the home.
Pros
Purchase as is
Pay with cash
Sold in seven days
Purchase with tenants
Cons
Angry tenants
There really aren't any cons involved when you sell your property with tenants to a cash buyer. A cash buyer is an investor who will purchase any home as is, and they are willing to take on your disobedient renters.
The process only takes seven days once you accept the offer. Because cash buyers have the funds already in hand, you will not have to wait for the buyer to get approval from the bank. It is fast and simple. You can get out of your rental property as quick as you would like.
Here at Fair Deal Home Buyers, we will purchase your rental property in Grafton. Feel free to call us today at 414-409-8251 about any questions you may have. We look forward to hearing from you!
Everyone that I worked with was genuine and helpful through the whole process. I think highly of the company and everyone I talked with in person and by phone/text. I highly recommend this company.
We have enjoyed working with everyone from Fair Deal Homes. Everyone from you and Peter, to the inspectors, to Jackie at the title Co, were all a pleasure to work with.
This was an awesome experience. Fair Deal Home Buyers were exactly that--fair dealing. Peter and Shan were both excellent in helping us, explaining the process, and providing a smooth transaction. This was an excellent experience from start to finish. I could not be more pleased! Totally first rate all of the way!! Thanks, Fair Deal Home Buyers!!
This was a great process for me there were no hidden things that came up everything that was said at closing was delivered the staff was very helpfulf especially Beza she was awesome. I would highly recommend fair deal to anyone.
It was very enjoyable working with this company . They are very understanding . Hard working and move as fast as you want them too. I would definitely use this company again. Thank you very much Ben have a great day!!
The process was way easier than I ever would have thought! Fair Deal is by far the way to go! Everyone is super helpful, up front about everything truly top notch the list goes on! From the first phone call to start the process of selling to the closing was nothing less than perfect! Beza was super helpful and prompt on any ? Or concerns we had.
Fair Deal Home Buyers were excellent to work with in selling our home from start to finish. They were upfront and honest through out the process. I highly recommend them.
Everything went smoothly and everyone made time for our work schedule as well for our dogs scheduled I would recommend fair deal home buyers LLC to all who seek to sell there home thanks to all who helped
I recently had the pleasure of working with Ina at Fair Deal Home Buyers, and I must say, it was an outstanding experience from start to finish. Ina's professionalism, expertise, and genuine care for her clients truly set her apart. I wholeheartedly recommend her services to anyone in need of assistance. Thank you, Ina, for your outstanding help!
My experience with Fair Deal Home Buyers was extremely professional and highly ethical. The entire team communicated daily with any updated information needed to streamline my selling process. I recommend Fair Deal Home Buyers for those in search of a highly ethical, professional, and team oriented real estate company.
If you are looking to sell your house, Fair Deal Home Buyers LLC are very professional and they won’t try to low ball you on the value of your property. Very respectfull and helpful when you have questions or concerns. Beza was my main contact and she was wonderful and prompt getting back to me with the questions I had and processing the paperwork. If you are looking to sell your house, give them a call, you won’t be disappointed.
Polite courteous very professional staff everybody I work with there understood my needs and worked in cooperated to make sure that they happened . I would highly recommend them to anybody.
Each person was easy to work, very professional. The process was quick and went smooth each step of the way. Would recommend Fair Deal Home Buyers to anyone who looking to quickly sell their home
If you find yourself needing to sell your house quickly and want to work with trustworthy home buyers who offer fair deals and exceptional service, Fair Deal Home Buyers are definitely the way to go. I couldn't be happier with the outcome. Give them a call, and you won't be disappointed.
Fair deal home buyers are a life savers, I had an urgency to sale my parents house that I inherited and had some complications with the POA but Amir Erez was so helpful speeding up the process with their lawyers and in three weeks they closed on my house and I got cash in my hand to be able to move on. Thank you guys for your help. Definitely recommend it.
Our experience selling our home with Fair Deal Home Buyers was a positive experience. They were quick, efficient, and worked with us, even though we were no longer in town.
We had such a great experience working with Nina. She made the process so easy! She presented our options clearly so we were able to make an informed decision to sell our house quickly. She listened to us and paid attention to every detail - HIGHLY recommend!
As a buyer from fair deal, I would recommend them! They were fast in their communication, kind in their interactions and clearly seems to have everyone’s best interests at heart. Working with Tiffany was a great experience. I love working with people who are kind, fair and clear in their communication. I’d recommend them to others, and have! -Dave
Fairdeal Home Buyers is an outstanding company. The process with them was seamless with no surprises at all. They closed in a timely fashion and I received my asked for my property.
I am very happy with the service I have receive from Fair Deal Home Buyers. The whole procces has been very simple and easy to understand. I'm moving in from out of state and i don't think I could have found a easier and better way to move in to my new home. Thank you so much.
I recommend Fair Deal Homebuyer well detailed information about what to expect from them it was fast deal they offer and we agree .It was really fast and fair
They are great to work with. Professional, kind, responsive and straight forward. I learned getting a cash offer for a house does not have to be complicated or take a long time, thanks again!