Even if you have a tenant in place, you can still sell your property.
Is it possible to sell a home that already has a rental tenant? The short answer to this question is yes, but there are a couple of things you should be aware of. First, if you have a signed lease, the buyer has to honor those terms with the tenant. This pushes you more toward an investor buyer who wants to purchase a property with a tenant already in place. If you don’t have a lease, your buyer pool (and potentially your sale price) increases even though you’re not making passive income on the property currently.
If you have a leased property and are curious about how you can take advantage of this current market, feel free to reach out via phone or email and we can walk you through the details. We’re also happy to answer any questions you may have.