Post by pastlifepea on Aug 26, 2014 21:02:35 GMT
In a situation and not sure how to proceed so I am hoping some of you with real estate knowledge can help me out. We live in CA but own a home in SC. The home is SC is rented out through a property management company, which also has a home sales side as well. Home has always rented well and has only been vacant one month since we left October of 2009.
Property manager called me last week and the tenants have expressed an interest in buying the house. After talking to my husband, we decided that we would be willing to sell. At this point, I don't believe the buyer has any kind of real estate agent. It seems ridiculous to list the home with an agent and wind up paying close to $10,000 in commission as there is a potential buyer. If for whatever reason this doesn't work out, we will just leave it as a rental and are not planning to list it for sale.
So, if we are able to negotiate a price and the buyer has financing, what will we have to do? I know there will be an attorney involved at closing but what else do I need to prepare myself for? If house sale does go thru, should I make some kind of monetary gift gesture to the property manager for "finding" a buyer? If so, how much is appropriate? Thank you all in advance for any kind of insight, experience, and perspective you can share.
Property manager called me last week and the tenants have expressed an interest in buying the house. After talking to my husband, we decided that we would be willing to sell. At this point, I don't believe the buyer has any kind of real estate agent. It seems ridiculous to list the home with an agent and wind up paying close to $10,000 in commission as there is a potential buyer. If for whatever reason this doesn't work out, we will just leave it as a rental and are not planning to list it for sale.
So, if we are able to negotiate a price and the buyer has financing, what will we have to do? I know there will be an attorney involved at closing but what else do I need to prepare myself for? If house sale does go thru, should I make some kind of monetary gift gesture to the property manager for "finding" a buyer? If so, how much is appropriate? Thank you all in advance for any kind of insight, experience, and perspective you can share.
