How Darren Buys Homes Cash With Tenants
://www.darrenbuyshomescash.com/how-darren-buys-homes-cash-with-tenants/
We can help Sell your House Fast For Cash. We can close in as little as 10 days, where other buyers cannot. We are veteran-owned professional home buyers specializing in tenant-occupied properties throughout Sacramento, Roseville, Elverta, Carmichael, Citrus Heights, Rio Linda, Antelope, Florin, Oak Park, Del Paso Heights, North Highlands and Fair Oaks, CA. These are our primary locations where we buy quickly and for cash.
Visit my Frequently Asked Questions link https://www.darrenbuyshomescash.com/faq/
Looking to sell your house fast for cash? Skip the hassle of finding a trustworthy agent who charges excessive fees. Avoid waiting months for potential buyers or having strangers inspecting every corner of your home. As tenant and problem property specialists, we buy houses fast through a respectful process that prioritizes your privacy. We use our own readily available funds, allowing you to sell your house quickly without complications. With no banks delaying the process, you can immediately release yourself from the stress of owning an unwanted property.
Selling a house with tenants still living there can feel overwhelming, but what if there’s a way to make it work without creating chaos and stress? See Jim and Wendy’s Testimonial On How I bought Their Home With Tenants Still Living There. https://youtu.be/0Q31tg8_6d8
Selling tenant-occupied properties is increasingly common in Sacramento’s real estate market. Many landlords find themselves in this situation for various reasons – perhaps you’re relocating for work, moving to another city, or simply need to downsize. Often, landlords are simply tired of dealing with difficult tenants or managing uncooperative renters. Whatever your specific circumstances, understanding the complexities of selling a property with existing tenants is crucial for a smooth transaction.
Darren Buys Homes Cash specializes in purchasing homes with tenants in place. With over 30 years of experience in this niche, we stay current on the latest landlord-tenant laws. As both an active landlord and investor, Darren has encountered virtually every challenging tenant situation imaginable. Check out the Video link https://youtu.be/YLsBFovq6Fo to see how we purchased 7587 Circle Parkway in Florin Sacramento with tenants still occupying the property.
One major challenge when selling a tenant-occupied property is navigating existing lease agreements. Fixed-term leases must be honored, which can restrict your ability to show the property or make necessary repairs. Getting tenant cooperation is often difficult – most don’t want strangers inspecting their living space or judging their lifestyle. Many tenants, especially long-term ones, feel anxious about finding new housing. We recently purchased a home where tenants had lived for 15 years! These residents weren’t familiar with current housing searches. Providing guidance and resources for relocation is essential. Clear communication with tenants is crucial to address concerns and ensure a smooth sale. Sellers must also recognize that tenant-occupied properties typically appeal to investors rather than first-time homebuyers, who generally prefer move-in ready homes without tenant complications.
When purchasing tenant-occupied houses, we employ several effective strategies tailored to each unique situation. As the new owner, our approach centers on transparency, honesty, and openness with existing tenants. We believe this foundation is vital for a successful transition. This includes honoring all lease terms, maintaining current rent amounts, properly handling security deposits, and respecting all other relevant agreements. If there’s a property manager involved, we actively seek their assistance to ensure a seamless handover.
Successfully selling a house with tenants requires careful planning, effective communication, and flexibility throughout the process. By understanding the unique challenges and implementing proven strategies, homeowners can navigate this complex situation and achieve a successful sale. As tenant specialists, we handle these transactions routinely with excellent results for both sellers and tenants.
Below Are The Steps I take When Buying A Tenant Occupied Property
STEP 1) Over the phone, I discuss price, terms, and property condition with the seller. Once we reach an agreement based on these factors, we sign a contract. If the seller or property manager hasn’t inspected the home recently, they should understand that the price may change if we discover significant condition issues they weren’t aware of. My initial offer is based on the information they provide about the property.
Step 2) We open escrow, and either the seller, property manager, or a Darren Buys Homes Cash representative contacts the tenants to inform them the home is being sold and under contract. We explain that the new buyer needs a brief 20-minute interior inspection. One of these individuals must provide the tenant with a proper notice of entry. Occasionally, unforeseen circumstances may require renegotiation. Examples include active roof leaks, mold presence, or major non-functioning appliances like HVAC systems. While rare, these issues do arise. Case in point: sellers are often unaware of these conditions!
Step #3 Close escrow! This typically happens just 3-4 days after viewing the property, provided there are NO major discrepancies discovered during inspection.
When Darren Buys Tenant Occupied Homes, we handle all Notice of Termination and Notice to Vacate documents—so you don’t have to deal with the headaches and hassles. We close in just 7-10 days. Click here to get a visual overview of how our process works http://Video link https://youtu.be/b6rJteefWb8
Ready to sell your house fast for cash? We can close in as little as 10 days. We buy houses throughout Sacramento, South Sacramento, Florin Area, Oak Park, Del Paso Heights, North Highlands, Fair Oaks, Roseville, Antelope, Carmichael, Elverta, Citrus Heights and Rio Linda, CA—specializing in properties built in the 1950s and 1960s.
Understand the owner’s rights:
Property owners have the right to show and sell their property even with tenants in place. If a tenant is mid-lease when the home sells, the lease transfers with the property (the new owner assumes responsibility for the tenant under the terms of the original lease).
Understand the tenant’s rights:
Tenants are legally entitled to receive a properly written and served 24-Hour Notice to Enter EACH TIME someone enters the home for showings. If they strictly enforce this right, it makes scheduling showings for traditional buyers and agents nearly impossible. As experienced cash buyers, we typically need just one brief 20-minute viewing.
Rules for giving notice to vacate:
If a tenant is on a lease, the landlord cannot issue a notice to vacate before the lease term ends.
- For tenants who have lived at the property for less than one year, landlords may issue a 30-Day Notice to Vacate. For tenants who have resided there for a year or longer, a 60-Day Notice to Vacate is required.
- Regardless of tenancy length, tenants may give landlords a 30-Day Notice to Vacate, even if the landlord has already issued a 60-Day Notice. For example, if on January 1 the landlord gives a 60-Day Notice requiring vacancy by March 1, and the tenant finds suitable housing immediately, they can serve a 30-day notice that would end their tenancy earlier than the March 1 date.
- With California’s rent control laws (AB 1482), you should consult with a professional regarding duplexes or apartments, as you may be restricted from issuing notices to vacate in these situations.
120-Day Notice of Intent to Sell (California)
When selling a rental property in California, it’s essential to understand the 120-Day Notice of Intent to Sell requirement. This critical legal document formally declares your intention to sell the property.
This notice is mandatory for landlords selling tenant-occupied properties. It provides tenants with 120 days to prepare for the transition, whether that means finding new housing or adjusting to a new landlord.
Requirements for the 120-Day Notice of Intent to Sell:
- Must be delivered in both verbal and written forms.
- Clearly state the intent to sell the property.
- Include the effective date, giving tenants 120 days to make arrangements (when necessary).
Post-Notice Considerations:
After serving a 120-Day Notice of Intent to Sell, you may show the property to potential buyers with just 24-hour VERBAL notice to tenants (Note: 24 hours WRITTEN notice is required for tenants who haven’t received a 120-Day Notice of Intent to Sell). Even with this legal right, it’s important to coordinate showings respectfully to maintain positive tenant relations.
APRIL 2025-NEW UNLAWFUL DETAINER LAWS-
AB 2347 https://www.dre.ca.gov/files/pdf/reb/rebspring_25.pdf extends the response time for tenants facing unlawful detainer actions from five court days to ten court days after being served.
WE SPECIALIZE IN BUYING SQUATTER AND TENANT OCCUPIED PROPERTIES, FIXERS, MOBILE HOMES AND HELPING HOMEOWNERS EXPERIENCING DISTRESS & STRESS. OUR PRIMARY AREAS ARE: SACRAMENTO, S. SAC, OAK PARK, FLORIN AREA, DEL PASO HTS, NORTH HIGHLANDS, CARMICHAEL, CITRUS HEIGHTS AND ORANGEVALE. CHECK OUR TESTIMONIALS AND LET’S SEE IF WE CAN HELP YOU TOO! YOU HAVE NOTHING TO LOSE BY CALLING US TODAY (916) 300-7962