Selling your home can sometimes be a daunting and somewhat stressful journey, particularly if the house you intend to sell is occupied by tenants. It is for this reason it is very important to sell your investment property with your managing agency.
Read below to find out why you will save time, money and maintain your peace of mind…
1. Relationships are everything
Selling your property with residing tenants is about coming to a mutual agreement. Your real estate agent will need compliance from the tenant to complete a number of essential tasks integral to sell your property. These tasks can include styling the property, taking photographs for marketing, hosting one (if not more) open homes, and/or conducting multiple private viewings.
As you can probably understand, this can become an inconvenience for the tenants and can result in conflict between real estate agent and tenant. It is not uncommon for a tenant to refuse photography of any personal items in the house, which can prove to be very difficult.
By selling with your managing agent, you can avoid this conflict as the tenant already has a trusting relationship with the agency. They are much more likely to allow access to their home and to maintain the property at a certain standard that is needed to sell a house. It can give a tenant peace of mind knowing they are dealing with a single entity that they know and trust.
This relationship between tenant and agency also allows you, as an owner, to sell with your tenancy still in place, rather than waiting until the tenants vacate. This will save you money as you will continue to receive a steady income whilst the property is on the market.
2. Connections generate attention
Selling with your managing agency also automatically comes with an established relationship with a very large rent roll. Did you know that Arrive manages over 400 properties, resulting in an ongoing relationship with over 1700 tenants and owners?
Your Arrive agent will notify all owners looking to increase their portfolio as well as our active buyer database, which can even result in selling your property off the market – saving you thousands of dollars!
Additionally, if an investor has their eye on your property, they’ll generally be pleased that there is an already existing tenant at settlement. This is because they won’t have to search for someone to rent the space, and also they’ll be receiving rent immediately following settlement.
3. Location, location, location
Your managing agency will have extensive expert knowledge of the area your property is located in. Our agents are privity to school catchment areas, socio-economic targeting & interest, buyer idiosyncrasies, historical events, access points, motorways, bus routes and various other location-specific secrets that are exclusive to that particular area code.
This expert knowledge of your property’s area can result in a faster and more valuable sale, resulting in satisfaction on both ends of the transaction.