Charlotte, NC
Can I Sell A Charlotte House With Tenants Living In It?
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Yes. You can sell a house with tenants in North Carolina without evicting anyone and without waiting for the lease to run out. The lease survives the sale here, so the buyer simply steps into your position as landlord. To an investor buying the property, an occupied house with a paying tenant is an advantage rather than a problem.
What Happens To The Lease When The Property Is Sold?
It carries on. In North Carolina the lease survives the sale, and the buyer takes the property subject to it. The tenant keeps the same rent, the same term and the same rights they had the day before closing.
This is the opposite of what most landlords assume, and it is why so many perfectly good rental properties sit unsold. Owners believe they have to get the tenant out first, so they wait for a lease to end, or start an eviction they never wanted, and lose months of rent along the way.
What Has To Happen With The Security Deposit?
It has to be dealt with properly, and North Carolina is specific about this. Within 30 days of your interest in the property ending, the deposit must either be transferred to the new owner, with written notice to the tenant giving the new owner’s name and address, or returned to the tenant.
We handle this as part of closing. It is a small piece of paperwork that causes disproportionate trouble when it gets skipped.
How Does Selling A Rental Property Work In Charlotte?
As a landlord, there are many problems you might deal with regularly; abusive behavior, antisocial behavior, criminal damage, rent arrears, etc. If you’re in such a position, we know how stressful the process can be. Not only do you have to address these issues, but you’re still the one having to pay for the bills caused. This is why many property owners decide to sell the house when having problem tenants.
Selling a house with bad tenants is often the best decision to make. However, selling a house with sitting tenants in residence can complicate the selling process. Aggressive tenants, who use the property for criminal purposes, etc., can all impact the number of prospective buyers and, therefore, on your sale price.
Luckily, Travis Home Buyers is here to help. Contact us and sell a house with tenants in Charlotte, NC. We have been buying houses for over three decades, and these kinds of issues do not phase us. We can take away your problem and, if all the paperwork is in order, we can complete it within a week.
How Do I Get Out Of A Rental I No Longer Want?
The longer you deal with such a dysfunctional relationship between you and your tenant, the more it will cost you – not only financially but also in stress and anxiety. But there are some points you should consider before making a decision: a tenanted property will appeal to a smaller market, it will complicate taking views of the property for potential buyers, and this all decreases the price.
Listing your property on the market while tenanted doesn’t sound like a good idea; this is why you should make use of a home buying company. If you’re looking to sell a house with tenants in Charlotte, NC, contact Travis Buys Homes. We’ll view the property from the inside, and depending on how that goes; we may not need to undertake an internal inspection to make you an offer.
Why Will My Rental Not Sell On The Open Market?
Four reasons come up again and again, and none of them are about the house itself.
What If The Tenant Is Behind On Rent Or Has Damaged The House?
Sell it anyway. Rent arrears, a tenant who ignores your calls, damage you have not seen the inside of in two years: none of it stops us buying, and none of it needs fixing first.
You do not have to run the eviction before you sell, and you do not have to make a repair list. Tell us honestly what the situation is and we will price it as it is, which is usually a better outcome than spending another six months and several thousand dollars getting the property into a state where it will sell conventionally.
Straight from the statute
North Carolina Rules For Selling An Occupied Rental
Public information, correct at the time of writing. Always confirm current details with the relevant office or your attorney.
Sell Your House To Us
At Travis Buys Homes, we understand how stressful it can be dealing with bad tenants. We can take that hassle off you. We will do whatever it takes to make this a win-win transaction between you and our company. And you don’t even have to worry about cleaning – we’ll take care of that too!
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Moving on
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Mecklenburg County
The paperwork side, here in Mecklenburg County
Every county handles deeds, estates and foreclosure slightly differently. Here is where things actually happen if your sale involves any of them.
DEEDS & TITLE
Mecklenburg County Register of Deeds, 720 E. 4th Street, Room 103, Charlotte · 704.336.2443
If you have inherited a property here, the deed history sits with the Register of Deeds and the estate is administered through Charlotte.
FORECLOSURE & TAX
North Carolina uses non-judicial power-of-sale foreclosure, heard by the Clerk of Superior Court, and the sale itself is held at the county courthouse in Charlotte.
Mecklenburg County tax bills go out around 1 September and must be paid by 5 January to avoid interest; from 6 January interest starts at 2% and adds 0.75% a month after that.
Public information, correct at the time of writing — always confirm current details with the county office directly.
Frequently Asked Questions
Will You Buy A House With Tenants Still In It?
Yes. We buy with tenants in place, so you don’t need to end a tenancy before you can sell.
Do I Have To Give The Tenants Notice?
No. That’s the point of selling with them in place — you don’t have to move anyone out to make the sale happen.
What If The Tenants Are Behind On Rent?
Tell us when we speak. It doesn’t stop us buying the property.
Does The House Need To Be Inspection-Ready?
No. We buy in whatever condition the property is in, tenanted or not.
How Do I Get An Offer On A Tenanted Property?
Call 704.459.5700 or fill in the form. We’ll usually make an all-cash offer within 24 hours of having the details.
Do I Have To Tell My Tenant That I Am Selling?
Your tenant will need to know, because their landlord is changing and their deposit has to be dealt with in writing. What they do not need is a stream of viewings, because we do not need them either.
Can I Sell If The Tenant Is Behind On Rent?
Yes. Arrears do not stop the sale and you do not need to evict first. Tell us what is owed and how long it has been running, and we will factor it into the offer.
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