Price discount on Duplex purchase when tenants occupy
Hi all,
I have spotted an interesting Duplex property that I plan to make an offer on. Both apartments are currently being occupied with tenants who have been there for a while now. I've been told that when a Duplex is occupied while the property is being sold, a price discount is usually applied to the offered price. My question is: what amount or percentage of price discount are we talking about ? Is this applicable in all cases or sometimes the price won't be reflected whether or not the units are occupied?
Thank you in advance for your advice,
Ariane
Most Popular Reply
Everything's negotiable. If the market is hot, don't expect a discount for that reason. It's not a bad thing to purchase a property with existing tenants. Good long term tenants already in place can be a positive bonus! I've only seen discounts if the existing tenants are very problematic and difficult to move out.