Tony and Suzanne Marriott's Phoenix Arizona Real Estate Blog

head_left_image

SELLING RENTAL PROPERTIES

SELLING RENTAL PROPERTIES

 

            Marketing a rental property presents some special challenges.  Most owners want to offer the house for sale while tenants are still living there so the property will continue to produce income.  Real estate agents prefer that the property either be empty or owner-occupied.  Tenant‑occupied homes are often difficult to sell because the tenants  may be reluctant to have the sale succeed.

            When you put a tenant‑occupied house on the market, enlist the cooperation of the tenants.  Before listing the property, ask the tenants if they would like to buy the house.  If they are not interested, negotiate the ground rules for access to the house.  In most cases, the new owners will want the tenants to move, and it may be necessary to work out alternate living arrangements for them.  Often sellers either reduce the monthly rent, or forgive the last month's rent in exchange for tenant cooperation in realtor showings.  Creating a cooperative spirit is a major contribution to a smooth sale.

About the Authors - Updated 2018

If you are considering a Traditional or Short Sale of your home in Phoenix, Scottsdale or any location in Maricopa County Arizona, you owe it to yourself to talk with the BVO Luxury Group @ Keller Williams Arizona Realty to determine whether Tony and Suzanne Marriott are the best real estate Brokers in the Phoenix and Scottsdale metropolitan area to help you with the Successful Sale of your home.

Tony and Suzanne have personally Listed, Sold and Closed more than a hundred Short Sales with the highest list to close rate in the Phoenix Metro Area!

Tony Marriott - Chief Operating Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Suzanne Marriott - Chief Learning Officer - BVO Luxury Group @ Keller Williams Arizona Realty

Associate Brokers, REALTORS
BVO Luxury Group
Keller Williams Arizona Realty
SELLING RENTAL PROPERTIES
share
SELLING RENTAL PROPERTIES Marketing a rental property presents some special challenges. Most owners want to offer the house for sale while tenants are still living there so the property will continue to produce income. Real estate… more
UNDERSTANDING THE BOTTOM LINE
share
UNDERSTANDING THE BOTTOM LINE An important first step in buying a house is sitting down with a Realtor or mortgage lender to determine how much you can afford. They will add up your monthly expenses, the mortgage payment, insurance,… more
LOW BALL OFFERS IN A BUYER’S MARKET
share
LOW BALL OFFERS IN A BUYER’S MARKET Buyers who held off purchasing a home while the market was booming are now on the lookout for a good deal. With a larger inventory of houses sitting on the market for longer periods, some buyers… more
Buckeye, Arizona
share
Until fairly recently many, make that most, people had not heard of Buckeye, Arizona. A "sleepy little town" west of Phoenix, Buckeye is actually larger than the City of Phoenix, and is projected to be the fourth largest city in the… more
CRB
share
CRB is excellent advanced education. Having your CRS prior to pursuing the CRB is useful, but not mandatory. What is a CRB? The Council of Real Estate Brokerage Managers (CRB Council) is a designation for those that supervise as well as… more
CRS - Sooner than later
share
If I had known then what I know now… People just getting started in the business often ask - what's the best training to pursue right now. Conventional wisdom steers them to ABR and/or GRI. While these are excellent designations to pursue, the… more
An interesting BINSR
share
In Arizona the Buyer's Inspection Notice and Seller's Response is affectionately known as the BINSR. Today we struggled through a 28 item request for repairs on a resale - which was new construction and had never been lived in! We have the listing,… more
The Importance of being Earnest
share
In our market it is common practice to offer approx. 1% of the Purchase Price as Earnest Money. This year, we are seeing this number dwindle significantly as Buyers perceive that Sellers are anxious for a contract, regardless of the Earnest Money… more
How to choose your Broker
share
Hopefully, new licensees understand that rather than you being hired by a broker, you are in the driver's seat when it comes to deciding which Broker you are going to hire. You need to compare your business model and goals with the structure and… more
Pricing your Condominium to Sell
share
While many factors contribute to the successful sale of any property, determining the correct price at the beginning cannot be underestimated. Interest in your home will be strongest when it first appears on the market. If your property is… more