Real estate investors must have exit strategies in place to maximize the return on their investment.
However, smart investors know they need to keep an eye on the local real estate market for any changes or trends that could lead to an earlier exit.
Changes in our personal lives can also impact the strategy we use to hold real estate assets. This may mean that we have to sell with a tenant.
Whatever the reason, we believe the timing was perfect. Let’s find out how to sell your house in South Florida.
Sale Termination Clause
Your decision to leave the investment property will not affect existing leases.
You may want to include a termination clause that allows you to legally terminate the lease and sell your house to tenants in South Florida.
It doesn’t matter if this clause is in place. It’s always a good idea to offer tenants benefits such as lower rent, flexible moving dates, or paying part of the moving costs.
It is highly recommended to protect the rights of tenants.
Always verify that your contract is legal with a professional realty attorney in accordance with local, state, or federal guidelines.
You should give your tenants proper notice when you are selling your house in South Florida, maintain open communications, have a positive relationship with them, and comply with all federal, state, and local guidelines.
You should also summarize your intent to sell and give information about cooperation with the laws governing tenants concerning showing occupied units on the market.
However, you must be considerate, especially in the face of extenuating circumstances.
Tenants with a difficult situation
Sometimes landlords have no choice but to let go of their property if they are faced with challenging tenants rather than waiting for the end of their lease.
Let’s say your screening failed, and you are trying to sell your house to tenants in South Florida. If they do this, it could lead to them moving from being difficult to unreasonable.
You could also be subject to costly eviction proceedings.
The volatility can increase, leading to property damage that often exceeds thousands of dollars. You may want to use keys for cash if you don’t have their cooperation during showings.
This is an incentive to pay a large sum of money to vacate the property and give you the keys.
You need to sell your house in South Florida with tenants. Selling directly to local professionals at PalmtreeCashHomebuyers is the fastest and easiest way to sell your house.
There are no commissions, hidden fees, or closing costs. No hassles with showings or the expenses of preparing, repairing, and marketing the property.
We are completely transparent at PalmtreeCashHomebuyers because we want to help you sell your property for maximum profit. We will compare the amount you would earn on the South Florida marketplace versus selling directly to PalmtreeCashHomebuyers.
This will allow you to understand the details of each sale method and how it came about. You’ll also be able to see the costs and profits.
PalmtreeCashHomebuyers will buy houses as-is and provide you with a guaranteed closing date. Usually, it takes a few days.
Don’t forget about our current inventory if you are interested in deferring taxes using a 1031 exchange. Call PalmtreeCashHomebuyers 954-278-9353.