TNT Properties Real Estate can help you sell your home.
TNT Properties Real Estate will work with sellers on coming up with an asking price, best practices on staging their home, and advocating marketing strategies.
TNT Properties Real Estate can bring buyers directly to you and bring you any offers made on the property. Once you have an offer, the listing agent will help you navigate any complicated paperwork and the steps needed to close the sale.
If you’re serious about listing your home, please contact us for the most up-to-date information on the real estate market and the price of inventory in the area your property is located.
The TNT Properties Real Estate Realtor® Has Knowledge of The Local Real Estate Market
Knowing what’s going on in the local real estate market is vital for anyone to be an excellent listing agent. Knowing the market means that they understand how you need to price your home and give you a firm idea of how long you could expect your home to be on the market.
Here is what a TNT Properties Real Estate Realtor® offers:
- Strong Communication Skills: Communication is crucial when dealing with your listing agent. This is especially true when you start receiving offers and even counteroffers. Your Realtor® understands how to communicate deadlines and go over your offer with you in a way you understand.
- Detailed Marketing Strategies: The listing agent will have a detailed marketing strategy to get your property in front of as many potential buyers as possible.
- Getting professional pics: The TNT Properties Real Estate Realtor® will have a professional photographer take pictures of your home as part of their commission fee. Great-looking photos are essential when trying to sell a home.
- Connections With Other Professionals: In the process of listing your home, there are going to be other services you may need, such as home inspections, home appraisals, or even access to a real estate attorney. TNT Properties Real Estate will be able to refer you to top professionals in those fields.
- Ability To Attract and Screen Qualified Buyers: One of the most important tasks of a real estate listing agent is to bring qualified buyers to view your home and hopefully make an offer. TNT Properties Real Estate’s listing agents have relationships with many buyer’s agents that give your home even more potential to sell quickly.
Request Information About Selling Your Home
TNT Properties Real Estate offers alternative strategies to sell your tenant-occupied home!
The challenges of selling your tenant-occupied home should not discourage you from selling! TNT Properties Real Estate has several creative solutions that can be used to get the most out of your investment property:
- Wait until the home is vacant to sell
- Incentivize tenants with cash for keys
- Sell to a Cash Buyer
Wait Until the Home is Vacant
Depending on how quickly you need to sell, you can wait until the property is vacant to put it up for sale giving you control over the condition of the property to list for sale. TNT Properties Real Estate has established relationships with buyers looking to invest on a regular basis and are expert in certain regulations that must be considered when waiting for a vacancy.
You will likely need to issue a 30 or 60-day notice to the tenants, depending on how long they have been in the home. This calls into question multiple notices and important paperwork that, if not completed correctly, could invalidate, and complicate the eviction process even further.
It is also important to consider the additional tenant protections that were added as a result COVID- 19. As of the time of this writing (July 2021) the eviction moratorium is likely to continue through the end of summer. It may be challenging to work with tenants without the help of a property manager.
Cash for Keys
Another option in selling your tenant-occupied home is through a cash-for-keys agreement, which essentially means paying tenants a sum of money to move out of the property within a certain number of days.
This can create a win-win scenario where you, the owner, gain possession of the home earlier than the lease expiration date, and the tenant receives cash that they can use to transition to their next living situation. These legally binding private contracts are a great way to incentivize tenants to move out before the end of the lease (and to avoid the legal hurdles of an eviction).
This can allow you to sell the property sooner, but it does come at a cost. If you are wondering: “How much should I give a tenant for cash for keys?” There is no correct answer or industry standard.
While there is not a set amount you have to offer, there are regulations surrounding cash for keys renters’ rights. Consider how long the tenants have lived in the property, how early they are leaving, and how much you can offer without undermining your return on investment.
Sell to a Cash Buyer
TNT Properties Real Estate has access to buyers who are willing to take on tenant-occupied properties by either keeping the tenants in place or paying and facilitating a cash-for-keys agreement with the tenants directly.
This is a great way to sell the property quickly and avoid losing money with a cash-for-keys agreement. Investors may find this to be the most convenient solution because they will not have to wait for the property to be vacant. Cash buyers will also be able to close on the property in as little as three to five days.
Cash buyers typically accept as-is properties, allowing for minimal inspections and viewing.
TNT Properties Real Estate will request two appointments at the home. While other buyers may need more time at the property, this is still a quick timeline compared to traditional transactions.
Less property walk-throughs and inspections mean less coordinating with and disturbing of the current tenants in place. This creates a relatively seamless experience for tenants, as the buyers assume the same terms of the lease. Security deposit money would transfer at the time of the sale, and you as the seller can move on after a clean, successful, easy transaction.
Summary
It is entirely possible to sell a home with tenants in place — though it can present some challenges. TNT Properties Real Estate has already established a relationship with the current tenants and can successfully market the property to a smaller pool of buyers they have established relationships.
Luckily, there are a few alternatives that can provide investors with a quick sale and simple closing.
Consider how a cash buyer could help you sell your tenant-occupied home, so you can get started on your next investment opportunity.
