Can I Sell My Rental House with Tenants in It?
Whether you are a tired landlord or you are looking to raise some extra cash quickly, you may be thinking about selling your rental house. However, there is one problem: you still have tenants in the house. The question is whether you can sell your rental house fast with people living in it and how fast you can unload the property.
The answer to that question largely depends on how you plan to sell the house. If you go the traditional route, you may run into legalities that prevent you from engaging in any kind of transaction. This is especially true if you are looking for a traditional buyer. However, there may be an alternative to listing your rental house on the market and hiring a realtor.
What Are My Options for Selling My Rental House?Once you decide to sell your rental house fast, you will run into various legal problems if you try to kick the current tenants out. This is especially true if you and the tenants signed a lease or some other contract. However, you still have options for selling your rental house if you don’t want to wait until the tenants decide to move out.
Give Your Tenants an Incentive to Move OutIf you create a win-win situation between you and your tenants, you are more likely to get them to move out. You may want to offer an incentive, such as cash for keys, where you ‘pay’ the tenants to move out. You may offer to pay their moving expenses or even help them pay the deposit on another rental. If you have multiple rental houses, you may want to offer another house in a better location.
Wait Until the Lease Has ExpiredIf you only have a few months left on the lease, you may want to ride it out until the lease has expired. Simply tell the tenants that you won’t be renewing the lease and give them plenty of time – at least one to two months - to find a new house. Waiting until the lease has expired keeps you in good standing with your tenants and gives you time to organize your sale.
Terminate the LeaseIf you have bad tenants or your tenants have violated the lease in any way, you may have grounds for terminating the lease abruptly. However, before you terminate the lease, you may want to consult your attorney to make sure you do not incur any legal penalties. Terminating a lease can backfire on you if you violate your tenants’ rights in any way.
Sell Your Rental House for CashIf you are in a hurry to sell your rental house and do not want to wait, you can sell it for cash to a local home buyer in Wichita, Kansas. A local buyer can make a cash offer and close the sale in as little as seven days. A buyer may also agree to work with or evict the tenants, relieving you of any legal liability. You don’t have to list the house or hire a realtor. Plus, you can sell your rental house as-is without repairs or renovations.
Request Your Fair Cash Offer:
Learn How to Sell Your Rental House Fast for Cash
Step 1: Contact Us: (316) 202-4249Call us today and tell us about your property. We’ll schedule a quick walkthrough of your house. No need to renovate or prepare your home.
Step 2: Get a Cash OfferIf we are interested in buying your property, we’ll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours.
Step 3: We Pay Cash for Your HouseIf you accept our offer, then you schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing.
Benefits of Working with a Local Home Buyer in WichitaIf you are considering listing your house on the market, then you may want to work with a local home buyer here in Wichita. There are several benefits of selling your house for cash, including:
- You sell your house as-is with no need for repairs or renovations.
- A home buyer can give you a fair price at just under the market value of the home.
- You can close on the deal and get cash-in-hand in as little as 30 days.
- You pay no realtor commissions or closing costs.
- A home buyer can assume responsibility for the tenants right away.
We Buy Rental Houses in Wichita Regardless of Your SituationYou may feel that your current situation is hindering you from selling your property. This may be true when you attempt to put your house on the market and sell it the traditional way. However, when you sell your house for cash, there are no conditions. We can buy your house regardless of your situation.
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