When it comes to selling a property, one of the big questions that often arises is: Should you sell while a tenant is still living there?
In my opinion — No. While it may seem like an easy solution, I strongly recommend selling a vacant property whenever possible. It’s worth doing whatever it takes to properly end the tenancy, even if it means offering a financial incentive. Trust me, it will save you time, money, and stress in the long run.
When a tenant is still living in your home, you lose control over how the property looks and feels during showings. You can’t guarantee that the space will be clean, well-staged, or presented in its best light. And let’s face it — first impressions matter.
A vacant property, properly staged, almost always sells faster and for a higher price. Buyers are able to visualize themselves in the space without the distraction of someone else’s belongings or living conditions. Plus, the home can be cleaned and staged exactly how you want it, making the property more appealing.
If you can, end the tenancy before listing the property. If you have to, offering the tenant a financial incentive to vacate early may be a wise investment that will pay off when your home sells faster and for a higher price.
Pro Tip: Properly ending the tenancy will give you more control over the property’s presentation and help ensure a smoother selling process.