With the recovery of the real estate market in Sioux Falls, homeowners are getting back in the market after previous unfruitful attempts. Homeowners who couldn’t sell their homes were forced to rent their properties, but with home values on the rise, homeowners may be forced to sell a house with tenants.

🤔 Why Sell a House with Tenants?

Selling a house with tenants can delay the sale of your home. You are at the mercy of the lifestyle of the current tenants, which makes it difficult to hold an open house or show the house. However, having the tenants stay in the house during the sale could be beneficial if you have open communication with them.

real estate agent shaking hands with man while woman smiles looking on to sell a house with tenants.

⌛ Wait for Lease to Expire

If the tenants react negatively to your plan of selling the home, you may want to wait for their lease to expire before proceeding. If you doubt that the tenants would keep the house ready for showings or open houses, you want to wait until they are no longer renting the house.

Having the tenants present may be stressful, delay the sale of the property, and cost you money. It’s best to wait until the lease expires so that you can stage the home properly for sale.

📱 Contact RL Real Estate Group

We can help!
Whether you’re buying or selling a Sioux Falls home, we’ll be with you from the start and well beyond closing day! ☎️ Call us at 605-212-8431. 📱 You can also text us!

👨‍💼 Work with Tenants

If you have tenants who are cooperative and helpful, you can sell a house with tenants without additional stress. In this case, the tenants understand the importance of keeping the house orderly for showings, and they are willing to move once a sale is made.

Suggested Reading: 11 Tips to Sell Your Home Fast in Sioux Falls

man opening door at open house with welcoming outstretched arm

💸 Give Tenant Incentives

You may be able to motivate tenants to help with the sale of the house by offering tenant incentives. Consider lowing the rent, helping with moving expenses or providing additional time to look for a new home. Doing these things can make the process smoother and less stressful for you and the tenants.

Suggested Reading: 6 Ways to Use Social Media to Sell a Home

🏡 Sell Home to Tenants

It may be in your best interest to ask the current tenants if they are interested in buying the home. Explain your reasons for selling the house, and give them an opportunity to accept the offer. By giving them first choice on the purchase, you’re showing that you care about their housing needs.

man shaking hands with landlord while smiling woman looks on during sell a house with tenants

🤩 How to Sell a House with Tenants

Selling a house with tenants doesn’t have to add stress to the selling process if you communicate honestly with the tenants, offer them incentives, or simply wait for their lease to expire. Giving them a chance to purchase the home may create a win-win situation for both of you.

Suggested Reading: How to Get More Buyers to Your Open House

How to Sell a House with Tenants
Article Name
How to Sell a House with Tenants
How to sell a house with tenants? RL Real Estate Group has the best tips and advice for selling a home with tenants without additional stress. Take a look!
Publisher Name
RL Real Estate Group
Publisher Logo
View All Selling a Home Posts