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Selling house with tenants in-situ

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  • 26-07-2014 10:45am
    #1
    Luckysasha
    Registered Users Posts: 1,042 ✭✭✭


    I own a house that I haven't lived in now for approx 5 years. When I moved out I put it with a letting agent who found me a tenant and took care of the maintenance side of things aswell. These tenants moved out a couple of weeks ago and a new family are moving in next week. I have toyed with the idea of selling the house but I'm wondering is it a more attractive package for an investor if there is a sitting tenant in place. The house is in meath and prices are starting to increase fairly quickly


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    #2
    MouseTail
    Registered Users Posts: 1,663 ✭✭✭MouseTail


    No, vacant possession. Very few will touch a house with tenants in situ, certainly not someone dependent on a mortgage.


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    #3
    The_Conductor
    Moderators, Society & Culture Moderators Posts: 32,279 Mod ✭✭✭✭The_Conductor


    You are limiting yourself to a cash buyer.
    Investors will automatically want to leverage the property as close to 100% as possible- in order to maximise their tax credits. They cannot do this with a tenant in-situ.


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    #4
    iguana
    Moderators, Entertainment Moderators Posts: 12,915 Mod ✭✭✭✭iguana


    The tenants are under no obligation to allow viewings either. So not very easy to get the rare purchaser who might be interested in a tenanted property interested in yours if they can't go see it.


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