Quote:
Originally Posted by photon
I've sold properties with renters in it. If the buyer is an investor then that's usually a good thing as vacancies make a buyer think it's harder to rent out.
If the buyer wants to live in it that can make it a little more difficult depending on the rental agreement. If it's a monthly periodic tenancy a landlord can't just tell them to leave, they have to give 3 month's notice and I would assume that would have to be after the closing date.
EDIT: 10 years of mortgage paydown shouldn't be insignificant.
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It's being rented month to month, so I think it might be a little more favorable to people who are looking to move in a few months down the road.