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Investment Real Estate >Selling Rental Properties
Marketing a rental property presents some special challenges. Owners will probably want to offer the house for sale while tenants are still living there so that the property continues to bring in income. However, most real estate agents prefer that their listings either be occupied by the owner or empty. Tenant-occupied homes are often the most difficult to sell since the tenants may not share the same pride of ownership. They may not be eager for the property to sell, and as a result, the house is not shown to its best advantage.
When you put a tenant-occupied house on the market, it is important that you enlist the tenants in the effort to get your house sold. Talk to the tenants first to see if they have a desire and ability to buy the house. If they are not interested in buying, work out with them the ground rules for access to the house. In most cases, the new owners will want the tenants to move, and it will be important to work out alternate living arrangements with them. In each situation, work hard to create a spirit of cooperation with the tenants.
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| Q |
What document must lenders provide within three days of receiving your application for financing?
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| A |
The "Truth In Lending Disclosure Statement" will give you complete financial information about the loan. |
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Jay Pitts
RE/MAX Executive Group
101 N 7th St
Louisville, KY 40202
Office: 502-561-3481
Cell: 502-572-0186
Fax: 866-741-0673
JayPitts@NUMBER1EXPERT.com
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