55. Selling a Knoxville Home as a Landlord- With Tenants Still in the Home

how to sell a rented house in knoxville

So you want to sell a house in Knoxville, but you are the landlord and there are still tenants living in the property. What are the steps you need to take? What does this process look like for you as the landlord and your tenants? We buy houses in Knoxville with current tenants and we are often asked if this is even possible! So we decided to put together a brief article with tips on doing so.

Tips On Selling A House With Tenants

Sell My house knoxville tn Provide Proper Notice

If you have a tenancy at will or a month-to-month lease, give the tenants the required time of notice (usually 30 or 60 days) to vacate the property. Then, you will have an empty house to get ready to sell. This can be negative if you are financially dependent on the rent payments for paying a mortgage or other bills. Some positives is that it can allow for updates/repairs on the house and can help with timing and closing for the sale of the property. 

Sell My house knoxville tn You Can Wait Till The End Of The Lease

If the lease is a fixed long-term lease and you want the tenants out before you begin the process of selling, your best option is to just wait out the lease. This could be a good option because sometimes tenants can lower the number of possible prospects especially if they are angry or upset about having to move. Another issue could be if the tenant is messy and a slob, this can have a negative impact for viewing!

Sell My house knoxville tn Work With Your Tenants

Tenants can be a major help if they are happy to work with you and help keep the house ready for viewing. They can help stage the house especially since it will already be furnished and decorated. Some tenants might be ready to move on and out of the home. The situation really can depend on tenant to tenant. Sometimes offering incentives like helping with moving costs can make the tenant more amicable. Negotiate some kind of deal with the tenants. Maybe see about a possible sale of the property to the tenants who are already living there.

Sell My house knoxville tn Working With What You Have

One thing you need to make sure you are familiar with are the laws and regulations for selling your property while tenants are still living in it. Several states favor tenants over landlords when it comes to property law. It does still vary from state to state. So make sure you check with the state you are selling in or seek the advice of a licensed real estate attorney.

Make a plan for the rental and/ or possible eviction process! Make sure that you take time to think out a good, respectful way to tell your tenants you plan on selling the property. It will always be helpful to maintain a good, positive relationship with your tenants. This will allow for a nice, smooth process for selling the house and will make your life much easier.

Want To Sale Your House With Tenants?

Selling a house can be a stressful endeavor, and selling one that is occupied with tenants can be a challenge as well. That’s why we offer a stress free way of doing so! We have years of experience in buying homes that are currently occupied. If you are tired of the landlord business and want to sell your rental house fast, we would love to help! Our cash offers eliminate the need for banks and appraisers, which puts the closing time in your hands!

Suggested Pages We Encourage You To Visit!

Get More Info On Options To Sell Your Home...

Selling a property in today's market can be confusing. Connect with us or submit your info below and we'll help guide you through your options.

What Do You Have To Lose? Get Started Now...

We buy houses in ANY CONDITION in TN. There are no commissions or fees and no obligation whatsoever. Start below by giving us a bit of information about your property or call (865) 240-0955...
  • This field is for validation purposes and should be left unchanged.

Leave a Reply

Your email address will not be published. Required fields are marked *