Selling Your Home with Tenant in Possession


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.

Does a tenant in possession transaction require a good relationship with the tenants?

Yes! This is where NCPG has a distinct advantage. Since we have placed the tenants in your property, we have an ongoing relationship with them and know them well. This allows us an inside track to gaining a cooperative understanding with our tenants in getting them to be supportive and comfortable with the listing and selling process.

Is it realistic to think we can sell the property with a tenant in possession?

Yes! It’s all about having the right team listing the property and handling the cooperative effort involved between the tenants, agents, and buyers. We have done it for clients many times and have the skill to make it happen for you!

Selling a home with a tenant in possession is quite possible if handled properly by an expert broker with experience in “TIP” listings and sale process. NCPG has established itself as a leading and expert broker in TIP transactions. Please contact us if you would like to learn more about TIP listing and having NCPG sell your home!

Located in Del Mar, California, North County Property Group provides real estate sales & leasing,  property management, and vacation rental services in the various communities throughout the greater North County San Diego area (click here to see communities served). 

For more information about North County Property Group, visit http://www.ncpropertygroup.com, or contact the company at 445 Marine View Ave, Suite 240, Del Mar, CA 92014, USA; Tel: 858.792.5797; Fax: 619.878.6640; E-mail: info@ncpropertygroup.com to learn how we’re redefining Del Mar real estate sales and leasing, property management, and vacation rentals in North County San Diego.

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