Sell a Rental House With Tenants in Hampton Roads
Any condition, as-is. We cover all the closing costs, and you get a cash offer within 24 hours.
50+ Google reviews- We pay closing costs
- No repairs or cleaning
- You pick the date
Done being a landlord?
We Buy Rental Properties With Tenants in Place
You do not have to ask anyone to move, fix anything or set up showings. We buy the rental as it is, with the tenant still living there, and take over the lease and the deposit at closing.
- We buy with tenants in place, including when an eviction is already under way.
- Problem tenants, a vacant rental, or one that needs work.
- No repairs, no commissions, and we pay the closing costs.
“Every step was clearly explained, and there were no hidden surprises.”
Four steps, tenant stays put
How to Sell a House With Tenants for Cash
- 1
Tell us about the rental
Call or fill out the form. Tell us the rent, when the lease ends, and how the tenant is doing.
- 2
We walk the house
We set one walkthrough with notice to your tenant. You get a cash offer within 24 hours, and the price we offer is the price at closing.
- 3
We take over the lease
The lease and the security deposit move to us at closing. Your tenant does not have to leave.
- 4
Close on your date
Sign at the attorney's office or by remote online notary. Any mortgage is paid off at closing, and we pay the closing costs.
Know this first
Selling a House With Tenants in Virginia
In Virginia you can sell a house with a tenant in it. Selling does not end the lease, so the new owner takes it over.
- A tenant with a lease can usually stay until it ends, unless they agree to leave early.
- A month-to-month tenancy can be ended with written notice at least 30 days before the next rent due date, unless the lease says otherwise.
- The security deposit moves to the new owner at closing, and the tenant should be told who has it.
- Virginia law requires reasonable notice before you enter for a showing or a walkthrough.
- The home sale tax break usually does not apply to a rental, and depreciation is usually taxed when you sell. Talk to a CPA first.
Your other options, like cash for keys or waiting out the lease, are in our guide, selling a house with tenants in Virginia. We are not attorneys or tax advisors.
The honest answer
Selling a Rental to a Cash Home Buyer vs. Listing It
If your rental is in good shape with a solid tenant, listing it to investors may get you more than we can pay, and we will tell you that.
Selling to us makes sense when the tenant is a problem, the house needs work, or you want out without showings. Here is exactly how we work out an offer. If a cash offer will not cover what you owe, ask us about buying on terms.
Where we buy
We Buy Rental Houses With Tenants Across Hampton Roads
Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News and Suffolk.
Get a Fair Cash Offer on Your Hampton Roads House
The offer is free, there is no obligation, and you hear back within 24 hours.
Before you call
Questions About Selling a House With Tenants
Do my tenants have to move out before I sell?
No. We buy with the tenant in place. The lease moves to us at closing, and a tenant with a lease can stay until it ends.
Can you buy if an eviction is already under way?
Yes. We buy rentals with an eviction in progress.
What happens to the security deposit?
It moves to us at closing, and we become responsible for returning it when the tenant moves out.
Do I have to fix the damage the tenant did?
No. We buy the house as it is. You do not repair, clean or stage anything.
Do I owe tax when I sell a rental?
Usually some. The home sale tax break rarely applies to a rental, and the depreciation you deducted is usually taxed when you sell. A 1031 exchange can delay the tax if you buy another investment property. Talk to a CPA before you sell.