When it comes to selling your investment property, there are many things to consider prior to placing the property on the market for sale.
In all cases it is important to communicate with your tenant.
Many tenants go into panic mode once it is revealed that you are planning to list the property for sale.
At Encore Property Group we already have a relationship with the tenant and understands their needs, therefore Encore Property Group can communicate with the tenant on behalf of the owner to work around the tenant so that there is no miscommunications for a smooth and speedy sale process.
Depending on the style of your property, some properties may sell faster or for a higher price if the property was vacant as opposed to still tenanted.
This is something you need to consider and any one of Encore Property Group sales executives will be more then happy to discuss what would suit your property best.
If a tenant has a fixed term tenancy in place, you are able to sell the property, but to investors only or advise the prospective buyers the expiry of the lease, however you cannot move into the property until the lease expiries unless both parties agree.
If the tenant is on a periodic tenancy, you are able to provide the tenant with a 60 day notice for the tenant to vacate. If you do receive an offer during a periodic tenancy, you must provide the tenant with 30 days notice, which normally gets issued after finance approval. Settlement cannot occur until vacant possession is received from the tenant.
Innovation and change are part of our daily routine and we recognise that every client is unique and every member of Encore Property Group is focused on providing quality service.
It is vital that you protect yourself and your valuable investment property with adequate insurance.
This covers you for rent arrears, malicious damage, accidental damage, contents e.g. carpets, blinds, light fittings and furniture, deliberate damage, legal expenses etc. READ MORE...