Selling a tenanted occupied home can be a hassle if you don’t follow proper procedures. You can even lose money throughout the process if you don’t follow the rules.
Within this section of the blog, we share what we’ve learned in selling tenant-occupied homes over the years. We want you to know the importance of maintaining a good relationship with your tenants because their cooperation is key during the process. You cannot even imagine how fast your unit can be sold when you have a cooperative tenant.
We go in-depth with the laws surrounding selling tenanted homes in British Columbia. Let’s help you understand what they mean and how to navigate them.
Many homeowners are unaware that Selling a tenant-occupied home is very different than selling a vacant home. Tenanted homes come with tenancy laws, and in British Columbia, the tenancy laws are strict in protecting tenants’ rights. If you or your real estate agent is unaware of these frequently changing laws and you fail to abide … Read more
As a homeowner, one benefit of owning real estate is selling and profiting from your home’s price appreciation. In Vancouver real estate, it can be a lucrative investment. Selling your home isn’t tax-free, and the Canadian Revenue Agency will share in profits made. Let’s take a closer look at your tax responsibilities when selling your … Read more
Is a lawyer required for selling a home? And are there any legal fees when selling your home? Understandably, hiring a lawyer by the hour doesn’t come cheap. Hence, you’ll want to verify whether it’s necessary to involve a lawyer when selling your home. As with most types of transactions that include an enforceable contract, … Read more
Are you thinking about putting your home on the market? When putting your home on the market, you want to make sure that the time and money you’ll be spending on home improvements will be worth it. Before you sell, you might think that all those mini reno and repair projects you’ve been pushing off deserve … Read more
In the world of real estate, the one number that reigns supreme is the market value of your property. Knowing your home’s value can come in handy in many scenarios beyond deciding to sell and move house. In particular, knowing your home’s value allows you to quickly assess when it’s suitable to borrow, trade, or … Read more
Owning a rental property that provides consistent monthly cash flows can be lucrative. Period returns from a rental property, coupled with the passive price appreciation of the property itself, make owning a rental property an attractive investment opportunity. With the rental market stability in metro areas of a city, it can seem natural to continue … Read more
The prospect of homeownership can, in itself, be daunting. So can the prospect of selling your house when you determine the time is right to make a move. Selling your condo can prove to be an equal challenge, especially since there are certain rules that govern what you can and can’t do to spruce up … Read more
Your Guide to Selling Tenant Occupied Homes in BC Selling a tenant-occupied home is generally more difficult than selling an unoccupied home because you are dealing with people’s emotions around a threatened disruption of note. You’ll be bringing strangers into their home which will be disconcerting and inconvenient for them so you really need to … Read more
TIPS TO PREVENT TENANT CONFLICT BEFORE IT OCCURS There are many reasons you as a landlord may want to sell a property that is still occupied by a tenant. Your tenant could be treating the property badly and ruining its future value, there may be a better opportunity for profit with another tenant or buyer, … Read more
Selling your house in a pandemic Some may fear that attempting to sell your home during a pandemic is not the right choice, and many sellers are waiting until the virus blows over and life returns to normal. There’s no need to the fear, however, because there are plenty of ways to sell a home … Read more
If you’re thinking about selling your real estate property – whether it be residential or rental, you need to up your property’s curb appeal. This article will give you quick and inexpensive curb appeal ideas that will help you sell your home faster. It will also increase the value of not just your house, but … Read more
One of the most famous real estate investment strategies in Canada is the “Buy and Hold” strategy. That means buying real estate properties then holding on to it until the property increases in value. Once it does, you sell it, and profit on the value increase. But did you know that your income from that … Read more