Question for Selling a Townhome with a Tenant

[Kyle Vogeler]

I currently have a townhome that has a tenant living in it that I am considering selling. My question to you all is: Is it wise to list the property with a tenant living in it? Or will that affect the sale price?

This tenant pays their rent on time and isn't ever an issue, but it is time I utilize the equity I have built over the years. 

Thank you all in advanced for your responses. 

[Nathan Gesner]

Quote from @Kyle Vogeler:

Like most questions in real estate, it depends.

Will the tenant be responsive to showing requests? Do they keep the home well? Are they renting at market rate, or is their rent low?

In most cases, it's best to have the unit vacant. This opens it up for buyers wanting to occupy and investors wanting to do renovations or place their own tenant. You also won't have to coordinate showings with the tenant, which can often be problematic.