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How to Sell Your House With Tenants in Atlanta

Exit strategies are necessary for the real estate investment business as a part of your overall strategy to realize the best returns on the investment when you purchase the property. Savvy investors, however, understand that they must maintain a constant vigil over the local market for upcoming changes or trends in real estate requiring an earlier than planned exit. Additionally, changes in our personal lives may affect the strategy we use for the holdings in our real estate portfolios which may require selling with a tenant in residence. Whatever may have led to the decision that the timing was right,  read on as we explore how to sell your house with tenants in Atlanta.

Selling with a tenant in place can be a complex process. Make sure to consult a professional to make sure you do so legally. There are lots of methods to also help entice the tenant to play ball and assist in the sale of your home. Contact us at 404-439-9984 today to learn more!

Sale Termination Clause

Because existing leases are not affected by a decision to exit the investment property, you may wish to include a sale termination clause allowing you to sell your house with tenants in Atlanta and terminate the lease legally. With or without this clause in effect, it’s always beneficial to offer benefits to the tenants in exchange, such as lowered rent during the listing period for keeping the house showing ready, offering to be flexible with the moving date, or even paying part of all of the moving expenses. It’s highly advisable to ensure the rights of the tenants remain protected. You should always verify the legality of your contract with a professional real estate attorney in light of local, state, and federal guidelines. Most counties around Atlanta are there to protect the tenant. So, it is crucial to realize that they have certain rights. In a lot of cases, you can offer cash for keys to help the leasee move if you’re looking to sell your house with tenants in Atlanta. Reach out to our sister company ATL Real Estate Services for more information.

Notifying Tenants

When you sell your house with tenants in Atlanta, you should provide your tenants with proper notice, maintain open communications and a positive relationship, and meet all local, state, and federal guidelines. In addition, summarize the intent to sell, and provide information regarding cooperation with the laws governing tenants regarding showing occupied units on the market, yet remain considerate, especially given any extenuating circumstances. We have helped a client sell a home with a tenant in place and she chose to not convey to the tenant her intent of selling the home. We were able to do exactly as she wanted but the entire process was such a headache. Do yourself a favor and just let the leasee know what’s going on. They have a right to know and you have a right to a stressfree transaction!

Difficult Tenants

Some landlords find no other option than to sell the property when they have challenging tenants rather than wait out the remainder of the lease. Unfortunately, suppose your screening process failed to protect you from this situation, and you’re trying to sell your house with tenants in Atlanta. In that case, they may move from being difficult to being unreasonable. At the same time, you could begin costly eviction proceedings, the volatility may escalate, and chances increase that you’ll experience severe damage to the property, often running into thousands to repair. If you can’t count on their cooperation with showings, you may wish to consider using keys for cash, an incentive of a large lump sum of cash to vacate the property and provide you with the keys willingly.

ATL Cash Home Buyers

Need to sell your house with tenants in Atlanta? The fastest, easiest, and most convenient way is by selling directly to the local professional home buyers at ATL Cash Home Buyers, with no hidden fees, commissions, or closing costs, no hassles with showings, or expenses of prepping, repairing, and marketing the property. At ATL Cash Home Buyers, we’re fully transparent because we want you to sell your property for the highest possible profit. Therefore we’ll compare what you’d earn on the Atlanta market vs. selling directly to ATL Cash Home Buyers, providing you with the full details of the expenses and profits each sales method offers, so you’ll understand how we reached our offer, which you’ll agree fair. ATL Cash Home Buyers buys houses as-is for cash and provides you with a guaranteed closing date, typically in a matter of days. Don’t forget to ask about our current inventory of the best investment properties available in Atlanta if you want to defer taxes through a 1031 exchange. Call ATL Cash Home Buyers at 404-439-9984.

Call ATL Cash Home Buyer today at 404-439-9984 if you're interested in selling your home in Atlanta. We have several options that can cater to any situation and provide you with the best deal for your property.
Call ATL Cash Home Buyer today at 404-439-9984 if you’re interested in selling your home in Atlanta. We have several options that can cater to any situation and provide you with the best deal for your property.
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