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Real Estate Tips
Investment Real Estate >Selling Rental Properties

Marketing a rental property presents some special challenges. Owners will probably want to offer the house for sale while tenants are still living there so that the property continues to bring in income. However, most real estate agents prefer that their listings either be occupied by the owner or empty. Tenant-occupied homes are often the most difficult to sell since the tenants may not share the same pride of ownership. They may not be eager for the property to sell, and as a result, the house is not shown to its best advantage.

When you put a tenant-occupied house on the market, it is important that you enlist the tenants in the effort to get your house sold. Talk to the tenants first to see if they have a desire and ability to buy the house. If they are not interested in buying, work out with them the ground rules for access to the house. In most cases, the new owners will want the tenants to move, and it will be important to work out alternate living arrangements with them. In each situation, work hard to create a spirit of cooperation with the tenants.

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Real Estate Trivia
Q 
What took over 30,000 workmen to construct and is considered the second largest palace in the world?

A 
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
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The Norgaards
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125 West Lake Street
Wayzata, MN. 55391
952-475-8028
888-475-8040
Fax: 866.661.3434
KilbandRebecca@TheNorgaards.com
HomeSellers@TheNorgaards.com

We are a professional team committed to excellence and dedicated to the highest standards and level of integrity. We give 110% to ensure the satisfaction of our clients today and for the years to come. Together we have over 20 years of experience, resulting in the business expertise and knowledge to work on your real estate transaction with positive results.

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