If you’re a homeowner in Nebraska who needs to sell your house but can’t because you have tenants, don’t worry. You’re not alone- Many homeowners find themselves in this position. In this blog post, we’ll give you some tips on how to sell your house with tenants in Nebraska. Keep reading for more information.
The Pros of Selling a House with Tenants
There are a few benefits to selling a house with tenants:
- It’s usually easier to sell a home with tenants in place since potential buyers won’t have to worry about finding new renters.
- When it comes time to sell a property with renters, you can get a higher price since buyers will be willing to pay more for a property with a source of income.
- You can avoid the hassle and expense of evicting your current renters by selling your home with tenants.
The Cons of Selling a House with Tenants
When you sell your property with tenants, there are also a few disadvantages, including:
- You may not be able to find a buyer interested in purchasing a property with tenants.
- It may take longer to sell your property because you’ll have to work around your tenants’ schedules.
- To make the house more attractive, you may need to make some repairs or modifications, resulting in additional costs.
How to Determine If You Can Sell a House with Tenants
Review your lease agreement before selling your house with tenants to determine your tenants’ rights. If the lease stipulates a time limit, you must wait until the term expires before selling the property. You should also review Nebraska’s landlord-tenant laws to understand your rights and responsibilities as a landlord.
Nebraska’s Eviction Laws
Renters and landlords must follow Nebraska’s Uniform Residential Landlord and Tenant Act (URLTA) when renting a property, including eviction rules. Eviction is most often triggered by nonpayment of rent or violation of the lease agreement. The landlord must follow the rules laid out in the URLTA when evicting a tenant for one of these reasons.
Failure to Pay Rent
When a tenant fails to pay rent, a landlord cannot just go to court and file an eviction lawsuit. A three-day notice must be provided by the landlord to the tenant. In the notice, the landlord must state that the tenant has three days to pay rent, or the lease will be terminated. In the event that the tenant fails to pay rent within three days, the landlord can file an eviction lawsuit in court.
To evict a tenant for a lease violation, a landlord must first give notice to the tenant. If the violation is not corrected within 14 days of receiving the notice, the lease will terminate, and eviction proceedings will commence in 30 days. At the end of the 30-day period, if the tenant fails to fix the lease violation within 14 days, the landlord may file an eviction lawsuit in court.
In the event the tenant fixes the violation and then commits the same violation again within six months, the landlord must give the tenant a 14-day notice that the lease will end in 14 days, at which time eviction proceedings will begin. There is no requirement that the landlord gives the tenant a chance to correct the violation. Therefore, the landlord can still proceed with the eviction even if the tenant corrects the violation within 14 days.
How to Proceed
Despite being a legal alternative, eviction can be tedious and time-consuming. Whatever the circumstances, giving your tenants notice before listing the property is always a good idea. Taking this step will allow them to come up with alternative living arrangements and prevent conflict in the future.
The Options When Selling a House with Tenants
You have a couple of ways to sell a house with tenants. You can list it on your own, hire a real estate agent, or sell the house for cash.
List It on Your Own
First, you can sell the house on your own by advertising online, distributing flyers, or posting a For Sale sign. You may find this option convenient if you feel comfortable handling the marketing, negotiation, and closing of the sale of your home. By avoiding real estate commissions, you’ll also save money.
Hire a Real Estate Agent
You don’t have to worry about paperwork or anything else if you’re working with a real estate agent. When your house sells, you’ll likely be charged a fee, and the procedure might also take many months before a transaction is complete.
Sell the House for Cash
Another alternative is to sell your house to a cash home-buyer company. This is an excellent choice if you need to sell your property fast and don’t want to deal with the bother of showing it or bargaining with purchasers. When you sell your house to a cash home buyer, they will give you an offer on it as-is. This means that you won’t have to make any repairs or renovations before selling.
What to Do Prior to Listing a House for Sale with Tenants
There are a few key things you need to consider before listing a house for sale with tenants in Nebraska:
- Verify that there are no limitations in your lease agreement regarding the sale of the property.
- Give your tenants plenty of notice before any showings or open houses.
- Make sure that the house is presentable and clean before potential buyers come to take a look; this includes making any necessary repairs.
Tips to Sell a House with Tenants
It is important to work around your tenants’ schedules when showing your home. Therefore, you’ll probably have to schedule a showing for the weekend or during the evening. It is also essential to keep the house clean and tidy before each showing. It is also a good idea for pet owners to keep their pets out of the house during showings.
Sell My House With Tenants in Nebraska Without The Hassle
Selling a house with tenants can be a complex and lengthy process. Avoid the hassle and headaches by selling your home to a trusted home buyer company! At Favor Home Solutions, we provide competitive cash offers and work with you every step of the way so you can sell your house quickly and stress-free. When you work with us, you won’t have to worry about paying hidden commissions or making repairs to the house. Let’s get started!