Can I Sell My Philadelphia Rental Property With The Tenants Still Inside Of It?
If you are searching for the best way to sell your Philadelphia home with the tenants still inside of it then you should definitely give us a text or call directly at (215) 882-9828 to speak with one of our professional home buying specialists who will be able to provide you with a free quote on your home in less than five minutes once they have gathered some basic details about the property and situation. If you accept our offer price and are ready to move forward to the next step then we will send you an official purchase and sale contract via DocuSign and then once we have that signed we will forward a copy over to the closing agent at the title company where they will perform a title commitment report and then set the closing date for sometime in the near future. We will then wire the earnest money deposit into the title company and set the closing date for sometime in the near future at a date and time that works for everyone involved.
How are we able to buy houses and leave the tenants inside?
First, we add a custom clause to the contract which enables the current tenants to remain in the property for a certain period of time past the closing date with a maximum of 30 days. In certain cases, we can even close the deal and leave an extended lease in place which will allow the tenants to remain in the home until the end of the active agreement. This type of alternative extended scenario is only available in certain situations so please feel free to inquire about it if you are interested in taking this route. This alternative way of selling a rental property and leaving the lease in place for an extended time is only available if we are able to successfully locate a replacement investor who can leave the existing tenant in place while taking over the title to the property. We buy houses in bad shape with the tenants still inside in 7 – 10 days and we pay cash and close fast.
If you want to leave your existing tenants in place then be sure to mention that to your sales rep when you call or text in so that we can design the transaction to best suit your needs.
Top Benefits Of Selling Your Philly Rental Property With Tenants
- Close fast without complications. The number one benefit of selling your Philly rental property to a local real estate investor is that you are able to close the transaction extremely fast without any complications or problems.
- Transfer the deed with tenants in place. Another amazing benefit of selling your Philadephia rental property to an investor is that you can transfer the deed to our company while leaving the existing tenants in place without having to disturb them at all.
- Sell the rental property as-is. Another amazing benefit of being able to sell your property to a local investor is that you can liquidate it in its current condition without having to invest any of your own cash into the deal to get the home back into full market condition.
- Sell without complicated lending procedures. When you list your rental property on the open market with a licensed real estate agent you will be forced to go through a lot of complicated lending procedures that will force you to jump through hoops and cut through lots of red tape before you can finally sell the home and get the deal closed and funded.
- Forget paying monthly costs. Another commonly overlooked aspect of selling your home privately to a real estate investment company is that you will be able to immediately stop paying the monthly holding costs such as taxes, insurance, utilities, and homeowner’s insurance.
We Buy Rental Properties Primarily In West Philadelphia PA
We buy unwanted rental properties with existing leases and tenants in any condition and we can close extremely fast, especially when compared to other local investment companies who take several weeks to actually wire in the funds and close on the deal. If you are ready to sell your West Philly rental property fast then please get in touch with us directly via call or text at (215) 882-9828 to speak with one of our live customer service agents who will able to provide you with a custom quote in less than 20 minutes once we have gathered some basic details about the property such as the address along with the estimated cost of repairs. We can close extremely fast in as little as 7 – 10 days unlike many of the other companies in the area who normally take at least 30 days to buy a property in the city. We move much faster than our competitors because we realize that these situations are time sensitive and people need to move extremely fast in certain scenarios.
We are actively looking for 5 – 6 properties per month to buy, fix, and then resell in the state of Pennsylvania.
Once again, if you are ready to get a fair cash offer on your property right now then please fill out the form at the top of this page or click on the live chat box in the lower right-hand corner of the screen to speak with one of our live customer service agents who will be able to provide you with a free quote in less than five minutes. We are expert rental property buyers who can close fast on any home with tenants still inside of it in the city of Philadelphia. We don’t involve any brokers or agents when we buy houses for cash because we are a privately held company who reinvests all of our own profits back into each deal in order to facilitate the extended economic growth of our company.
We can buy vacant houses, inherited houses, homes with tenants still inside, and even houses that are extremely ugly and need a ton of repair work before they can be relisted back on the open market.