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Updated almost 7 years ago on . Most recent reply

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Chris W.
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Agent not wanting to list house till tenants leave in 1 year help

Chris W.
Posted

My agent has told me they do not want to list my property for sale yet due to the fact that my tenants have over a year left on their lease. I intend on doing a 1031 exchange on the property and would like to move it while the market and rates are good and it will sell somewhat quick (Hawaii). The agent told me that they don't think it will sell at a good price with tenants in the property and that much time left on their lease. They said it would be an investor loan, not owner occupant. Is it wise to wait, or just list it and see what happens? The property in question is a condo. Thank you BP community!

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You generally get a better price from an owner occupant.....but the decision is yours.

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