Can you sell a home with a tenant lease in Orange County?
If you currently own a home in Orange County you can sell that home, even if it has a tenant lease. The tenant is under contract to live there and their occupancy of the home or property shouldn’t be affected even if ownership of the home changes hands.
In reality it’s actually ideal to sell an occupied home to another Real Estate Investor in Orange County because, your main selling point can be that the home already has a happy tenant and the home or property will produce immediate rental income for the new landlord.
What If The Buyer Wants To Move Into The Property?
Let’s say that you’re trying to sell a home that’s occupied, to a buyer who wants to live or work there, this situation can get “tricky” because, you have to get the tenant to agree in writing that they will move out by a specified date.
How to Be Persuasive With Tenants
If you’re trying to sell a home that’s occupied with a current tenant who is under lease, here are several options you can use to persuade them to move:
- Get to know the tenant and understand their personal situation first before talking with them about moving.
- Offer to pay for their moving costs or moving expensive.
- Agree to pay them financial compensation if they move by a certain date. If you follow this tip make sure that both you and the tenant agree in writing on when they will move out just so everyone is on the same page.
To learn more tips about selling an Orange County home with a tenant lease, contact Fred Sed & Associates today by calling us at (949) 272-0125.