There are a number of reasons that you may be considering selling a rented house. You may need to get fast cash for something else or you may just be tired of dealing with the responsibilities of renting. Regardless of your reasons, selling a house that has renters in it is often more difficult than selling a multi-family unit where there are often uninhabited apartments that are offered for sale. The law attempts to protect both the home owner and the tenant. The problem is that this is difficult at best and often leaves tenants unhappy with the process.
How Do I Sell A Rental House Fast?
If you try to sell your home on your own or through a Realtor, you have the right to show it to prospective buyers even if it is currently being rented. In Texas, the law favors the tenant’s right to privacy but there are many reasons that the owner can access the home at will, including those stipulated in the rental agreement. Often, people who are looking to buy a new home are in just as much of a hurry as the seller. If it takes too long to see one listing, they are likely to go to the next one. This puts pressure on the Realtor to move quickly whenever someone shows an interest in the property.
The last thing a home owner wants to do when they are trying to sell their house is to make the tenant angry. You should realize that the tenant probably does not know their rights. Once you inform them that you will be selling and showing their home to strangers, most are unlikely to take the news well. A better option that will save you time and money is to sell your house to a house buyer. This will eliminate the problem of having to bring people into the home and disrupting the tenant’s life.
The good news for tenants is that after the rental home has been sold, their lease is still binding. The conditions of the lease will remain the same until it expires. A house buyer can shorten the process of making the final sell while the tenant continues to live in their home according to the terms of their lease. Understanding these key points can alleviate some of the concern of the tenant and prevent hostility over the showing process.
Preparing Your Home for Sell
Another problem that home owners often run into is having a home that is in need of repair. Making a property look its best is the best way to ensure it sells quickly and at a fair price. If your intention is to sell your home quickly because you need the money, you are not likely to have the time or money needed to give your home better curb appeal. Selling to a home buyer who will buy it as-is will not only speed up the process, it will also save you the cost of repair and enhancement.
Texas Ideal Properties buys homes “as is” so you don’t have to clean it or make any repairs. We work with home owners to make selling a rent house simple and easy process. Give us a call or fill out the short online form to get answers to any questions you may have.