The lease runs out in April. Since investors have left the real estate market, any potential buyers will probably want an unoccupied home they can move into. Do I put it up for sale in January, or wait until closer to the date that the lease runs out? Should I not renew the tennant's lease? Then I am losing $1200 / month while I try to sell it. Any suggestions?
2006-11-19 10:56:17 · 2 answers · asked by Phil S 5 in Business & Finance ➔ Renting & Real Estate
Put a clause into the lease that the home is for sale, and that in the event of a sale, they may be given at least 60 days notice that the lease will terminate.
2006-11-19 11:01:08 · answer #1 · answered by open4one 7 · 1⤊ 0⤋
If it's in an area where people rent often you could sell it as rental property also I would imagine. Look into that in advertisements in your area.
2006-11-19 20:26:45 · answer #2 · answered by Anonymous · 0⤊ 0⤋