You may be wondering what additional steps you may need to take if you decide to sell your house but have roommates. Roommates do have rights. As with all legal matters, naturally, it’s best to understand them before your roommate is in place, but as life has a way of changing our financial and personal circumstances, selling the property may be part of the solution we require. With guidance, you can handle the situation calmly and professionally, maintaining peace with your roommates. So read on as we explore what you need to know about selling your house in Durham when you have roommates.
Agreeability
Of course, it’s best to have your roommate onboard with the sale, which is the first thing you should know about selling your house in Durham when you have roommates. Otherwise, you may need to take steps through legal channels. Highly-seasoned professional buyers like those at Jiffy Offer can help you avoid the headaches and expense of uncooperative roommates. The pros at Jiffy Offer are local real estate investors; they and their team are passionate about helping other investors succeed. You will benefit from the vast experience of the professional buyers at Jiffy Offer in dealing with people in all types of circumstances and walks of life. At Jiffy Offer, our professional buyers can help you develop the right approach to gain the approval and cooperation of your roommates.
Pricing
Setting a realistic asking price from the starting gate is another crucial step in selling your house in Durham when you have roommates. Professional buyers like those at Jiffy Offer can help you understand the current market value of your home and then let you compare it to an offer to buy your house directly, as-is. In addition, at Jiffy Offer, our professional buyers will detail the amount of profit a listing would bring vs. the profit from selling your house directly so that you can make an educated decision about what is best for your circumstances. And the professional buyers at Jiffy Offer never charge commissions.
Marketing
Of course, marketing to bring buyers to the door includes the expense of professional photographers, videographers, stagers, and advertising for sellers who want to stand in the competition. But, on the other hand, a direct sale to professional buyers like those at Jiffy Offer means you can skip prep work, constant cleaning, and showing hassles. At Jiffy Offer, our professional buyers can even arrange to clean up whatever you leave behind; just pack and go.
Closing
To reach the finish line, you must have crossed your t’s and ensure that the title is clear, that any possible delays from unpermitted repairs, or avoid the headache of correcting repairs uncovered by the inspection that lurk below the surface. Contingencies and disclosure laws also come into play in the possible negative outcome for sellers. Professional buyers like those at Jiffy Offer work with a full-service in-house team of industry specialists, including every team member necessary to take you through the initial inspection all the way to the closing table within days for most sellers, and you won’t even pay any closing costs. At Jiffy Offer, our professional buyers have built-in efficiency to save sellers time and money; this is how we can offer a guaranteed closing date that we are flexible on, so talk to us about the most convenient closing date.
If you’re planning to sell your house in Durham but you have roommates, there are a few things you should know to make the process go as smoothly as possible.
Here are some key points to keep in mind:
- Communicate with your roommates: It’s important to have an open and honest conversation with your roommates about your plans to sell the house. Make sure they understand the timeline and what to expect during the selling process. It’s also important to discuss how the sale will affect them, such as whether they’ll need to move out and when.
- Understand your legal obligations: If your roommates are on the lease, you’ll need to check your lease agreement to see what your obligations are in terms of giving notice and terminating their tenancy. You may also need their consent to sell the property. It’s important to consult with a real estate attorney if you’re unsure of your legal obligations.
- Determine your roommates’ stake in the property: If your roommates are co-owners of the property, they will need to be involved in the selling process and will have a say in the sale price and terms. If they are not co-owners, they may be entitled to a share of the proceeds from the sale, depending on your agreement with them.
- Prepare the property for sale: Once you’ve communicated with your roommates and determined your legal obligations, you’ll need to prepare the property for sale. This may include making repairs and improvements, staging the property, and cleaning and decluttering. You’ll need to work with your roommates to coordinate access for showings and inspections.
- Hire a hybrid agent such as Jiffy Offer with experience in selling properties with roommates: Not all real estate agents have experience selling properties with roommates, so it’s important to find a hybrid agent like Jiffy Offer who has dealt with this situation before. They will be able to guide you through the process and help you navigate any potential complications.
Selling a house when you have roommates can be a complex process, but with good communication and preparation, it can be done successfully.
At Jiffy Offer, our local professional buyers make it easy for sellers to understand all they need to know about selling your house in Durham when you have roommates. The pros at Jiffy Offer we want you to feel good about working with us long after closing. Call Jiffy Offer at (919) 324-0891.