How to Sell Your House With Tenants in San Antonio

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 San Antonio.

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 San Antonio 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.

Notifying Tenants

Before listing your home for sale, it’s important to provide your tenants with notice. Under Texas law, landlords must give their tenants at least 60 days’ notice before terminating a lease. This means that if you want to list your home for sale, you’ll need to give your tenants at least 60 days’ notice. If you have a good relationship with your tenants, you may want to give them more than the minimum amount of notice. This will give them time to find another place to live and make any necessary arrangements. It will also allow you to show your home without too much disruption.

Once you’ve given your tenants notice, it’s important to maintain open communication. Let them know when prospective buyers will be coming by and encourage them to cooperate. It’s also a good idea to let them know about any open houses you’ll be having. Finally, make sure you follow all local, state, and federal guidelines when selling your home with tenants. These laws are in place to protect both landlords and tenants. By following them, you can avoid any potential problems down the road.

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 San Antonio. 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.

Phil Buys Homes Cash

Need to sell your house with tenants in San Antonio? The fastest, easiest, and most convenient way is by selling directly to the local professional home buyers at Phil Buys Homes Cash , with no hidden fees, commissions, or closing costs, no hassles with showings, or expenses of prepping, repairing, and marketing the property. At Phil Buys Homes Cash , 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 San Antonio market vs. selling directly to Phil Buys Homes Cash , 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. Phil Buys Homes Cash 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 San Antonio if you want to defer taxes through a 1031 exchange. Call Phil Buys Homes Cash at (210) 239-8720.

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