On another occasion we talked about how to sell a rented house. This option is possible, but it does not mean that we can kick the tenant out of the house. Now, how to sell a busy house? We are not referring to occupied by a tenant, but by “squatters.” This management, something more common than we think, is very tedious and expensive.
Something very common among homeowners is the fear that their home will be occupied illegally. Although there may also be cases of having a tenant with a contract, and that this time has come to stop paying the rental price. In this case we will be forced to file a demand for eviction for non-payment of rent. Once the date of the trial has arrived if the tenant has not paid the corresponding amount, the judge will issue an eviction claim in our favor and we will be able to dismiss the tenant. It can also be the case that before the date of the hearing the tenant pays the corresponding amount and remain in the house until the end of the contract. These procedures are also very elaborate and it is not something that can be done overnight.
To avoid the occupation of a house it is advisable to set an alarm, since thanks to this the Police will be able to access the property and throw out the occupants. If we do not have an alarm, the Police will not be able to do anything other than to catch the squatters at the time of entry to the house.
What do the squatters look for?
In the case of “squatters” they look for empty houses waiting to be rented or bought. It is very common for these people to present themselves as future tenants or owners and arrange a visit with the owner, in order to see the flat. Once visited they manage to force and change the lock and deny the passage to the owner. They usually look for homes located in newly created urban areas. In 2018 the number of occupied houses increased by 23.4%.
Process to sell a occupied house
Is it possible to sell a occupied house? Yes, it is possible, but we have to keep in mind that the price of this will go down considerably. This price decrease can reach up to 42.4% compared to other homes with similar characteristics. This is because once the house is evicted it cannot be put up for sale immediately. It may be necessary to reform it again, paint it and set it up for new customers. These reforms involve expenses that were not foreseen, to which we must add the expenses for the attorney’s fees. Therefore, selling a busy house can be somewhat tedious, but not impossible.
If we need to make an appraisal of the property and the tenants do not allow entry to the appraiser, we will be forced to make another type of appraisal. For this, the professional must make an appraisal by comparison. This means that the appraiser will look for 6 properties with similar characteristics, in the same building or adjacent buildings, and with the same distribution.
Selling a occupied house requires the same procedures as selling a house in a normal situation. But with the difficulty of not being able to teach it. And always informing interested parties of the state and situation in which the house is located.
What should the buyer do?
Something that we must take into account is that, once the property is sold, the new owners are responsible for carrying out the eviction process and the possible expenses that it could entail. Many of these expenses are those that influence the reduction in the price of the property.
In order to carry out the eviction of the “squatters” it is necessary to hire a lawyer and an attorney to write a claim of eviction for precariousness or a complaint for usurpation, and wait for a judge to sentence. If we opt for criminal proceedings this process can last between 1 and 2 years and have a cost of up to $ 5,000.
In Temple Consulting we have experience in conducting negotiations with these tenants, looking for the most favorable solutions between both parties. Thanks to our efforts we ensure that the price decrease is not so high. In addition, we guarantee full confidence in all efforts. We look for the best candidates to buy your home and make sure that they can meet the purchase costs. If you want to sell your house, do it safely and with experts in the real estate sector. Do not hesitate to contact us to sell your house.
Read more here: how to sell your tenant occupied house fast