Should I Rent Out My Home Before Listing It For Sale?

Here is a case study for you. 💼 You want to sell your property and it's vacant, and you're wondering if you should put tenants in there for a year while they pay off your mortgage while it's sitting on the market, and then you try to sell it with them in it. 🏠🤔 Is that a good idea? ❓ I'm Chelsea Hamre from the Hamre Team at RE/MAX 💁‍♀️🔨 It's in Ottawa, and the answer is likely, no, it's not. ❌ The reason is in Ontario. 📍 If your tenants move in with a one-year lease and you go to sell it, the new buyers cannot kick those tenants out. 🚫🔑 They need to wait until that one-year lease is expired or it's rolled into a month-to-month. ⏰📜 And this just happened with one of our clients where unfortunately, they were got into that situation by somebody else. 😞 And then we did a listing takeover, and by the time that we took it over, there was already a one-year lease signed, and it took a while to get the right attraction from it because buyers wanted to buy it for themselves. ⌛📋 So what we did instead, we decided to hold off and then sell it this spring. 🌸🏷️ And that's what we did. ✅ We ended up getting more money from them. 💰 Our strategies worked, and we got more exposure for them because the tenant was now leaving. 📈👥 It ended up being a great scenario. 😃🎉 My clients are so happy with our strategies and what we were able to do to make sure that when this time around it went to sell, they listed with the right people, just us at the Hamre Team. 💪🔨 If you're thinking of what to do with your property, whether it's vacant, you're looking to sell your property to move on to the next chapter of your life, or anything else that we can help you with your real estate needs. 🏡📞 It would be our absolute pleasure. 💯🤝 Visit our website,, or send me a message here. It will be my pleasure to chat soon. 💻📩 Take care. 🌟😊

Post a Comment