We have tenants in a small rental property and the real estate has informed us that they're hoping to move to a month-by-month arrangement as they're wanting to buy a house.
If I'm considering on selling, would it be worth offering the property to the tenants? What would be the best place to find information on selling privately? I'm thinking it would save on advertising and commission costs but is there any other benefits to make it worth it?
Has anyone done this before?
I have done it twice, it is quite simple and we've saved tens of thousands in commission.
Your Settlement Agent does all the legal paperwork, you just have to get a copy of the relevant documentation like the official Offer and Acceptance form and fill it out with the agreed terms of sale / price / timelines etc and give it to the Settlement agent to execute.