Selling a property with a tenant in place can seem daunting, but it doesn’t have to be. In fact, having a tenant can be a major advantage in the selling process. In this blog post, we’ll explore the benefits and challenges of selling a property with a tenant in place and explain how Elders Real Estate Mandurah can help you manage the process seamlessly.

• Reduced Vacancy Period:
  With a tenant already in place, you’ll continue to earn rental income until the sale is complete.
• Attractive to Investors:
  Properties with tenants are often more appealing to investors, who see a steady income stream.
• Less Stress:
  You won’t have to worry about finding a new tenant or dealing with a vacant property if sold during the tenancy period.
• Greater Awareness of Property Condition:
  Tenants are likely to report maintenance issues, meaning you’re more informed about the property’s condition.

• Coordination:
  You’ll need to work with the tenant to schedule viewings and inspections. Elders Real Estate Mandurah will assist in handling all co-ordination efforts, ensuring minimal disruption to both you and your tenant.
• Tenant Cooperation:
  Some tenants may not be cooperative during the selling process, often due to a lack of communication. Our team can assist by clearly explaining the process to tenants, easing their concerns and encouraging cooperation.
• Disclosure: You’ll need to disclose the tenant’s presence and terms of the lease to potential buyers.

• Communicate with your tenant:
  Keep them informed and involved in the process, Our Team will work with all parties to assist in managing this communication for you.
• Set clear expectations:
  Establish guidelines for viewings and inspections. We can work with you to coordinate these arrangements, ensuring tenant cooperation while meeting buyer demands.
• Highlight the benefits:
  Emphasize the advantages of buying a property with a tenant in place.
• Work with a professional:
  Partner with an experienced real estate agent. Elders Real Estate Mandurah has extensive experience in managing tenant-occupied sales, ensuring a smooth process from start to finish.

Sometimes, you may just want to get an appraisal to assess the current market value of your property without immediately proceeding to sell, Elders Real Estate Mandurah offers two flexible approaches:

• Communicating with your Tenant:
  We can speak directly with your tenant, reassuring them that their lease stands and explaining the purpose of the appraisal. This communication can ease any concerns they might have about the future of their tenancy.
• Desktop Appraisal:
  If you’re looking for a less intrusive option, we can complete a desktop appraisal. While this isn’t as up-to-date as an in-person assessment, it still provides a strong indication of your property’s current market value without disturbing your tenant.

Selling a property with a tenant in place requires careful coordination and communication, but with the right approach, it can be a win-win for everyone involved. Elders Real Estate Mandurah is here to manage the process for you—whether you’re selling or just seeking an appraisal. Let us take care of the details, so you can focus on making the best decision for your property. Happy selling!