Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, February 25, 2022
Do you own a property in Harrisonburg occupied by a tenant? When you are ready to sell it, how will you go about that process?
In the past, many landlords would try to secure a buyer for the home before their tenant moved out -- because they did not want a potential gap of several months without rental income while they waited to see if the rental property would sell.
These days, if you'd like to sell your rental property, I'd suggest...
1. Give your tenant a notice of the non-renewal of the lease.
2. Once the tenant moves out, do any necessary minor cleaning or repairs and consider whether it would make sense to paint the interior of the property and/or replace any flooring.
3. List your property for sale.
4. Get overwhelmed by an incredibly high number of showings and likely a multitude of offers.
5. Gleefully select the offer with the most favorable terms and the fewest contingencies.
6. Proceed quickly and smoothly to closing.
It won't always go this way -- of course -- but the market is starved (!) for new listings right now, especially in the price range where many tenant occupied properties fall.
If you have a rental property that you would consider selling in 2022, let's talk!
