You may be wondering what additional steps you may need to take if you decide to sell your house but have roommates. Apparently, roommates do have rights. As with all legal matters, naturally, it’s best to understand them before your roommate is in place, but as life has a way of changing our financial and personal circumstances, selling the property may be part of the solution we require.
If you are planning to sell a property where you live with roommates, you should be aware of the legal rights that your roommates may have. The exact rights will depend on a number of factors, including your state’s landlord-tenant laws, your rental agreement or lease, and any other agreements you have made with your roommates.
Here are a few general things to keep in mind:
- Your roommates may have the right to remain in the property until the end of the lease: If your roommates have signed a lease, they may have the right to remain in the property until the lease expires. This means that you cannot simply ask them to move out so that you can sell the property. You will need to honor the terms of the lease, which may include giving your roommates notice of your intention to sell.
- Your roommates may have the right to approve potential buyers: Depending on the terms of your rental agreement or lease, your roommates may have the right to approve any potential buyers before you can sell the property. This is more common in situations where the roommates are also on the deed to the property.
So read on as we explore what you need to know about selling your house in Raleigh, Durham, Clayton, Smithfield, Rocky Mount, Selma, Wilson, Goldsboro, Kinston when you have roommates.
Agreeability
Of course, it’s best to have your roommate onboard with the sale, which is the first thing you should know about selling your house in Raleigh, Durham, Clayton, Smithfield, Rocky Mount, Selma, Wilson, Goldsboro, Kinston when you have roommates.
Otherwise, you may need to take steps through legal channels. Highly-seasoned professional buyers like those at NC TLC Estate can help you avoid the headaches and expense of uncooperative roommates. The pros at NC TLC Estate are local real estate investors; they and their team are passionate about helping other investors succeed. You will benefit from the vast experience of the professional buyers at NC TLC Estate in dealing with people in all types of circumstances and walks of life. At NC TLC Estate, our professional buyers can help you develop the right approach to gain the approval and cooperation of your roommates.
Pricing
Setting a realistic price for your house is crucial when it comes to selling your property in Raleigh, Durham, Clayton, Smithfield, Rocky Mount, Selma, Wilson, Goldsboro, Kinston quickly and efficiently, especially if you have roommates. While it can be tempting to aim high and hope for the best, pricing your home too high can lead to it staying on the market for an extended period, and ultimately, you may have to lower the price later on.
When you set a realistic price, you’re more likely to attract serious buyers who are interested in your property and willing to make an offer. This can save you time in the long run by reducing the number of people who come to view your home but aren’t interested in paying your asking price.
Professional buyers like those at NC TLC Estate can help you understand the current market value of your home and then let you compare it to an offer to buy your house directly, as-is. In addition, at NC TLC Estate, our professional buyers will detail the amount of profit a listing would bring vs. the profit from selling your house directly so that you can make an educated decision about what is best for your circumstances. And the professional buyers at NC TLC Estate never charge commissions.
Marketing
Of course, marketing to bring buyers to the door includes the expense of professional photographers, videographers, stagers, and advertising for sellers who want to stand in the competition. But, on the other hand, a direct sale to professional buyers like those at NC TLC Estate means you can skip prep work, constant cleaning, and showing hassles. At NC TLC Estate, our professional buyers can even arrange to clean up whatever you leave behind; just pack and go.
Closing
To reach the finish line, you must have crossed your t’s and ensure that the title is clear, that any possible delays from unpermitted repairs, or avoid the headache of correcting repairs uncovered by the inspection that lurk below the surface. Contingencies and disclosure laws also come into play in the possible negative outcome for sellers. Professional buyers like those at NC TLC Estate work with a full-service in-house team of industry specialists, including every team member necessary to take you through the initial inspection all the way to the closing table within days for most sellers, and you won’t even pay any closing costs. At NC TLC Estate, our professional buyers have built-in efficiency to save sellers time and money; this is how we can offer a guaranteed closing date that we are flexible on, so talk to us about the most convenient closing date.
At NC TLC Estate, our local professional buyers make it easy for sellers to understand all they need to know about selling your house in Raleigh, Durham, Clayton, Smithfield, Rocky Mount, Selma, Wilson, Goldsboro, Kinston when you have roommates. The pros at NC TLC Estate we want you to feel good about working with us long after closing. Call NC TLC Estate at 919-920-7081.