Binh Thanh District

How to: stay sane when your rented home is for sale

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How to: stay sane when your rented home is for sale
Binh Thanh District
Location : 47 Nguyen Huu Canh street, ward 22, Binh Thanh Dist, HCMC
  • Type : Blog
  • Code : Blog04
Price : Call
Description

If you’ve ever been a tenant in a rented house while the landlord is trying to sell the place, you’ll know it can be a logistical nightmare.

From the owner’s perspective, selling a property is incredibly difficult at the best of times and even harder when the property is occupied by rent-paying tenants.

From your perspective, as the tenant, it can be frustrating having your routine disrupted by OFIs, having to minimise your clutter and having strangers trawl through your house.

Most renters in situations like this tend to panic – don’t. In most cases you’ll be given plenty of notice.

Start looking for a new place around the same time and, with some planning, you should be able to have minimal overlap. Property settlements take between 30 and 90 days, so once the property has sold, you’ll have plenty of time to move out.

How to cope

Here’s 5 tips to help maintain your sanity when the house you rent is up for sale:

1. Keep a calendar of appointments

There’s nothing worse than waking up on a Saturday morning at 7am to the sound of a real estate agent knocking on your door, usually with a group of 10 potential buyers waiting to trample through your house.

Keep accurate records of when your home will be open for inspection and make sure that you and your family or housemates are ready to vacate the property (if required) in time for the open inspection to start.

2. Be courteous – it could get you a good reference

If you like where you live and you didn’t have any intentions of leaving, you’re obviously not going to be thrilled if your landlord puts your home on the market. But there’s no need to be nasty about it.

If you’re courteous and do as the landlord asks, they’ll be happy to recommend you to the next buyer as good tenants and hopefully you’ll be able to stay put without too much disturbance in your life.

3. Look on the bright side

Many tenants feel put out by the expectation to keep their house tidy while their rental home is on the market, but you should look at it as an opportunity to get your life in order.

Clean out your cupboards, throw out anything that is no longer usable, do a few trips to the op shop to drop off any unwanted items that are still in good condition and give the house a thorough cleaning. If you have a positive attitude, it will make the experience less painful.

Clearing up and cleaning out will also make your own house move easier – less to pack, less to organise on move day.

4. Get everyone to chip in & help

If you live with housemates or with your family, it’s everyone’s responsibility to prepare the property for sale. Make a day of it and allocate everyone their own job to do, with a list of maintenance chores to keep everything under control in between property inspections. Many hands make light work, so make sure everyone in the house contributes.

5. Be logical

The more beautiful and looked after you make your landlord’s property appear, the quicker it will sell. This means you will finally know where you stand, if you have to move house, when you have to move house and whether or not negotiating to rent from the new owner is an option.

Selling quickly is the best case scenario for everyone involved so make sure you do everything you can to speed the process along.

Have you ever rented a property while the owner was trying to sell? Any tips for keeping your cool?

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