Archive for May, 2016


Selling Your Home with Tenant in Possession

Sunday, May 8th, 2016
Selling Your Home with Tenant in Possession

Tenant in Possession (TIP) Sales are Possible if Managed Properly by Your Broker/Agent

May 8, 2016

Have you ever thought about selling your home that is currently being leased by a long term rental tenant? Maybe you have thought about it but dismissed the idea because you think it can’t be done while the home is being rented. Selling a home in this scenario is not only allowed in the State of California but North County Property Group is an expert in selling homes with “Tenant in Possession”. On average, NCPG lists and sells one property per month from our rental portfolio under these conditions.

Does selling a home/condo with a tenant in possession require knowledge of CA Real Estate law?

Yes! There are specific steps required in the process that are required by the State of California Bureau of Real Estate.

Does the typical Real Estate Agent have knowledge of tenant in possession laws and process?

No! We have found that most listing agents do no understand the specific steps necessary or the “bedside manner” required to handle such a transaction. NCPG has become an expert in this type of listing and is capable of handling the tenant interface, disclosures to potential buyers, and handling the details of the transaction with the buyer’s agent and escrow. (more…)