Can I Sell a Tenant-Occupied Property in Nevada?
Selling a rental property in Nevada can come with many challenges, but one you might not expect is the tenants. In a perfect world, the tenants will let you show the home as needed, and graciously move out at the end of the lease. But things don’t always work this way, as you may already be discovering.
If you’re planning to sell your rental house in Nevada, but you anticipate tenants living there at the time, here are some things you’ll need to know.
Can You Sell a House in Nevada with Tenants?
The short answer is that yes, you can sell a house with the tenants still living inside. Any Nevada landlord has the right to sell their investment property whether it’s being occupied by tenants or not. The tenant is also required to give you reasonable access to show the property.
As a landlord, you also have rules to follow. For example, all notifications should be made in writing, and you should retain all copies of your communications. This way, you can inform your tenants of what’s happening and provide them with a level of security.
Bottom line: Rental properties can be sold at any time. Having tenants living in the property does not take away your rights to the house, including your right to sell.
What Are Some of the Difficulties of Selling a Tenant-Occupied House?
While you can sell a property with the tenant still living there, there are some challenges you might face. Right off the bat, it’s more difficult to show the house when someone is living there. You might have trouble agreeing on times, and you may not be able to accommodate last-minute showings. Tenants need a 24-hour notice.
Also, some buyers will struggle to look past the person living there, so you might have a smaller buyer pool or lower offers. Homes that are professionally staged tend to sell faster and for more money than those that aren’t. And unfortunately, you can’t control how your tenants live or how clean and tidy they keep the house.
Tenant-Occupied Property? Sell Your Nevada House for Cash!
In Nevada, you can’t force your tenant to move out before their lease ends, unless they fail to pay the rent on time or violate another significant term, such as throwing loud parties. So, as long as you’re meeting these terms, or waiting until the lease ends, you can think about selling your house for cash.
Selling your property for cash offers the following benefits:
- No commissions or fees. Because you are not working with a realtor, you don’t owe any fees or commissions. We even pick up most closing costs.
- No appraisal or inspection. Since we are not using bank financing, we can waive the inspection and appraisal.
- Sell as-is. Cash buyers typically purchase houses in as-is condition. This means that you’re not required to make any repairs or improvements.
- Quick close. We typically complete the process in two weeks or less. And you get to keep the full cash offer.
Cash sales are a great option for rental properties in Nevada, especially if your house needs work. To get your free, no obligation cash offer, contact We Buy Any Vegas House today.