We buy houses in Covington Georgia, located in Newton County, and provide residents with the ideal way to sell their homes fast by offering cash for houses in Covington GA. Do you need to sell your property in GA with tenants? The process can be much more difficult than a typical sale. So, as homebuyers in Covington GA, we have put down some things that can help you learn more about what to expect during the process here in our latest post!
How to Sell Your House With Tenants in Covington GA
Maybe you own an investment property in Covington GA that isn’t making you money. Maybe you are tired of constant tenant turnover. Maybe you are tired of dealing with frustrating and disrespectful tenants, but you aren’t in the place to deal with the eviction process. There are a number of reasons why a homeowner would want to sell a house with tenants in Covington GA. As you can imagine, it may be difficult to convince your tenant that selling the rental property is a good idea. In order to get their support, you’ll want to let them know about everything going on and making selling worth their while as well.
Offer an Incentive in Covington
If you opt to list the house with a real estate agent, you will want the full cooperation of your tenant. By offering an incentive, you’ll hopefully be able to avoid any resentment your tenant may be harboring for selling the house out from under them. You have to remember that while you own the property, it is still the place they call home. By offering to help them with moving costs and the first months’ rent somewhere else or a discount on the amount of rent they are paying, you will hopefully be able to get them to help you facilitate the sale. You can also offer to help them find a new rental property, providing an excellent reference as needed. Keep in mind that asking them to clean and leave while the house is being shown is a lot. Make sure you compensate your tenants accordingly to make the process run smoothly.
If the house is going to be shown with a tenant still living there, offer to pay for a professional cleaning service so that the dirty work isn’t falling on them. You can also offer them movie tickets or a gift certificate to a restaurant so they have something to do while the property is being shown.
Wait Until Your GA Home Lease Is Up
As a landlord who wants to sell their house with a Covington GA real estate agent, it may be in your best interest to wait until the lease is up. Trying to coordinate repair work, property showings, and keeping the house in showing-ready condition can be a lot for a landlord to ask of their tenant. In many cases, landlords face backlash and even situations where the tenants disrupt a potential sale. It can be better for all parties if you are able to wait until the lease is up before deciding to sell the house in the traditional way.
Terminate the Home Lease in Georgia
If your tenant has violated the lease in any way, you can evoke an early termination clause in the lease. Not that you want them to slip up, but if they have been consistently late on rent or have been a documented nuisance to the nearby neighbors, you may be able to end the lease sooner than planned. When drafting your rental agreement, make sure to include details on what exactly will merit an early termination of the agreement.
Sell Your House in Covington GA Directly
If you want to sell your home with tenants in Covington GA, the easiest way is by choosing a direct sale to Resideum. We will buy your house directly, whether you have tenants or not. Our process will let you get rid of the unwanted investment as quickly as possible while receiving a great price for the home. In most cases, when you sell your property directly to Resideum, LLC, the lease will stay in place and your tenant will go undisturbed. The only change for them will be where to send the check each month.
Find Out If Your Covington Tenant Wants to Buy
When looking to sell your house with tenants in Covington GA, you may want to let them know about it first. They already live there, so no moving is involved. They have likely made the house their home and gotten accustomed to the neighborhood. If your tenants are happy to live there, they may want to buy the house themselves. If financing is a problem and you don’t need the full amount for the property right away, owner financing can be an option if you own the property outright, at least until they are able to get the credit or cash they need for a traditional loan.
Understand the Tenants’ Rights in Covington, Georgia
When trying to sell your home with a tenant in Covington GA, you’ll need to be aware of the rights of the tenants. So long as no violation has occurred, in most places, a tenant has the right to stay in the home until the lease is up, whether or not someone buys the home.
Sell My House in Covington GA
Selling your home with tenants in Covington GA can be challenging, depending on your situation and who your tenants are. However, when you plan ahead, act thoughtfully, and stick to what the law says, it can be done. We are Covington GA home buyers and we would love to help you learn more about the options available to you! If you want to sell your house in GA now, we can give you a fair all-cash offer right away if your property qualifies.
We can help you sell your house with tenants in Covington GA! Reach out to us today for more information! (678) 710-6130
Greg Kurzner, is CEO of Resideum, Atlanta’s Professional Homebuyer company. Greg has been a force in Atlanta real estate for over 30 years. He has been involved in the sale of over 1 Billion in real estate transactions in his career and consistently ranks #1 in sales by units by Atlanta Realtor Association. In addition to Greg being a licensed real estate broker, he is also a licensed general contractor and a nationally-recognized expert in investment real estate.