If you want to sell your house fast for cash, you can avoid having to find a trustworthy agent that will not charge you outrageous fees. You will also benefit from not waiting months for a buyer to come along or having strangers poking their noses into every nook and cranny of your home. We buy houses fast through a process that offers respect and privacy for your situation. We use real funds that we have available immediately so that you can sell your house quickly without any fuss. With no banks holding up the process, you can relieve yourself from the stress of owning your unwanted property.
Trying to sell your house with tenants still living there can feel like a total nightmare, but what if I told you there are ways to make it work without causing chaos and stress? See Jim and Wendy’s Testimonial On How I bought Their Home With Tenants Still Living There. https://youtu.be/0Q31tg8_6d8
Selling a house with tenants still occupying it is becoming more common, especially in Sacramento’s real estate market. Many homeowners find themselves in this situation due to various reasons, such as moving to a new job, relocating to a different city, or simply needing to downsize. Many landlords just don’t want to deal with the tenants. Or maybe the tenants are uncooperative. Whatever the reason, it’s essential to understand the complexities involved in selling a property with existing tenants.
Darren Buys Homes cash has experience in Buying Homes with tenants in Place. This has been a specialty for over 30 years. We stay up to date on the latest laws. As a current landlord and investor, Darren has experienced almost every situation you can think of. Check out the Video link https://youtu.be/YLsBFovq6Fo to see How I bought 7587 Circle Parkway, Florin Sacramento. It had tenants and we bought it with the tenants in place.
One of the biggest challenges homeowners face when trying to sell a property with tenants is navigating the lease agreement. If the tenants have a fixed-term lease, the seller will be required to honor the agreement, which can lessen their ability to show the property or make necessary repairs. Additionally, getting tenant cooperation can be a challenge to say the least. Most don’t want strangers in their home. They also don’t like to see how they live. Others may feel uncertain about their future living arrangements. Especially if they have lived there for a long time. I recently bought a home with tenants in place and they have lived there for 15 years! They aren’t up to speed on how to restart their search. So guidance and sharing resources to get them relocated is paramount. Effective communication with tenants is crucial in addressing their concerns and ensuring a smooth selling process. Homeowners (sellers) must also consider the potential impact on the sale price, as a property with existing tenants usually appeal to a specific type of buyer, such as an investor. Most 1st time buyers are looking for turn-key homes that are ready to move into. They certainly don’t want to deal with tenants. The home buying process is more than enough for them.
When it comes to buying a house with tenants, there are several strategies that can make the process easier. We have various ways to adapt to almost any unique situation. First, as the new owner I am transparent, honest and open with the current tenants about the tenant situation. This is vital. This includes honoring the lease terms, rent amount, security deposits and any other relevant details. If they have a property manager I recruit their assistance.
Selling a house with tenants still living there requires careful planning, effective communication, and a willingness to be flexible. By understanding the challenges and implementing the right strategies, homeowners can navigate this complex situation and achieve a successful sale. We do it all the time.
Below Are The Steps I take When Buying An Tenant Occupied Property
STEP 1) Over the Phone I discuss the price, terms and condition with the seller. Once we come to an agreed upon based on the price and terms and condition, we sign a contract. If the seller or property manager has not seen the home for an extended period, the seller should expect that the price may possibly change due to major changes in the condition of the home that they probably are not aware of. My offer is based on what they know about the home
Step 2) Open Escrow and either the seller, property manager or Darren Buys Homes Cash representative will call the tenants and inform them home is being sold and under contract. And that the new buyer needs to see the inside for 20 minutes maximum. One of the individuals above will need to give the tenant a notice of entry. Sometimes, there are unforeseen circumstances that may require re negotiations. Examples could be the roof is actively leaking, mold is present in the home or major appliances such as the HVAC is not working. This is rare but these things come up-I have seen it! Case and Point the seller was not aware of these conditions!!
Step #3 Close escrow! This usually takes place 3-4 days after seeing the home, provided there are NO major discrepancies.
When Darren Buys Tenant Occupied Homes We Serve Them All The Notice of Termination and Notice to Vacate Documents-So You Don’t have to deal with the Headaches and Hassles. We Close in 7-10 days Click here to get more a visual of How the Process works http://Video link https://youtu.be/b6rJteefWb8
If you want to Sell your House Fast For Cash. We can close in as little as 10 days. We Buy Houses Near You in Sacramento, South Sacramento, Florin Area, Oak Park, Del Paso Heights, North Highlands and area, Fair Oaks, Roseville, Antelope, Carmichael, Elverta, Citrus Heights and Rio Linda, CA
Understand the owner’s rights:
The owner has a right to show and sell their property – even while the tenant is in place. If the tenant is in the middle of a lease when the home sells, the lease runs with the property at the time of sale (the new owner assumes the tenant under the terms of the old owners lease).
Understand the tenant’s rights:
Tenants are entitled to a properly written and served 24 Hour Notice to Enter EVERY TIME someone enters the home to show it. If they insist on that right, it effectively makes it nearly impossible to set up showings for traditional Buyers and Buyers agents. We are Experienced Cash Buyers and usually only need to see it once and for 20 minutes
Rules for giving notice to vacate:
If the tenant is on a lease, the Landlord cannot give the tenant notice to vacate for a date that is prior to the end of the lease term.
- If the tenant has resided at the home for less than one year at the time of service, a tenant may be given a 30-Day Notice to vacate. If the tenant has resided at the home for a year or more, a 60-Day Notice to Vacate is required.
- Regardless of the length of the tenancy, the tenant may give the Landlord a 30-Day Notice to Vacate. This is true even if the Landlord had already given the tenant a 60-Day Notice to Vacate. For example, on January 1 the Landlord gives the tenant 60-Day Notice to vacate the property by March 1. If the tenant finds a suitable home right away, they may in turn serve the landlord a 30 day notice to vacate which might end considerably earlier than March 1st.
- With the new rent control laws (AB 1482), you need to consult with a professional with regard to Duplexes or Apartments, you may not be able to give these tenants notice to vacate.
120-Day Notice of Intent to Sell (California)
If you want to sell a rental property in California, it’s essential to know about the 120-Day Notice of Intent to Sell. This is a key legal requirement that serves as a formal declaration of your intent to sell.
This notice is mandatory for landlords selling tenant-occupied properties. It allows tenants 120 days to prepare for the change, whether that means relocating or adjusting to a new landlord.
Requirements for the 120-Day Notice of Intent to Sell:
- Must be delivered in both verbal and written forms.
- Clearly state the intent to sell the property.
- Include the effective date, giving tenants 120 days to make arrangements (when necessary).
Post-Notice Considerations:
After serving a 120-Day Notice of Intent to Sell, the property may be shown to potential buyers with 24-hour VERBAL notice to the tenants (Note: 24 hours WRITTEN notice is required for tenants that have not received a 120-Day Notice of Intent to Sell). It is still important to coordinate showings to respect their privacy and maintain a positive relationship.
APRIL 2025-NEW UNLAWFUL DETAINER LAWS-
AB 2347 https://www.dre.ca.gov/files/pdf/reb/rebspring_25.pdf extends the time by which a tenant must respond to an unlawful detainer action from five court days to ten court days after being served.
SPECIALIZE IN BUYING SQUATTER AND TENANT OCCUPIED, FIXERS, MOBILE HOMES AND HOMEOWNERS EXPERIENCING DISTRESS & STRESS. PRIMARY AREAS ARE: SACRAMENTO, S. SAC, OAK PARK, FLORIN AREA, DEL PASO HTS, NORTH HIGHLANDS, CARMICHAEL, CITRUS HEIGHTS AND ORANGEVALE. CHECK THE TESTIMONIALS AND LET’S SEE IF I CAN HELP YOU ALSO! YOU HAVE NOTHING TO LOSE BY CALLING ME TODAY (916) 300-7962