Buying a property at auction with a sitting tenant?

Buying a property at auction with a sitting tenant? - Property118

Instead, I started to ask questions about the property. The property had a tenant in situ and having made the error of bidding without doing ...

Buying auction properties with sitting tenant

I am looking at a number of option on an upcoming auction. They all have sitting tenants so purchase will have to be a blind buy (not access to property before ...

Buying an Occupied Property - Auction.com

Regarding your potential tenants, any lease that's in place before you buy the home remains in effect after the purchase, so you cannot raise ...

I am buying a property through auction.com which is still occupied ...

I am buying a property through auction.com which is still occupied by tenant. ... Actually, a friend of mine went on site and he saw that there is nobody living ...

Right of First Refusal As Tenant. What happens at Auction Sale?

We've done it a few times. Usually we buy the properties at auction tho. This is first time being tenant and hoping for purchase relatively ...

Should I stay away from auction property with existing tenants?

If you need mortgage finance to complete on a residential purchase, my advice is don't buy at auction. Auctions are where the problem properties ...

Buying A House With Tenants: A Guide | Rocket Mortgage

Remember that the property you're buying is someone else's home. The existing tenants maintain all of the rights granted to them in their lease, ...

Buying an occupied property from Aution.com - BiggerPockets

In my area, all of the properties on auction.com have already been foreclosed. So if someone is living there, you don't have to worry about ...

Buying from Bid X1 - Tenants in Situ : r/irishpersonalfinance - Reddit

I wouldn't buy a house with sitting tenants if you're not going to be a landlord. They could stay in the house for a number if years ...

Buying a property at auction with tenants in situ - Landlord Discussion

The property looks to have already been bought and paid for. Could be a bad situation to be in if during the buying process no one has raised ...

Should Landlords Sell Property at Auction with Tenants in Situ?

If you have the time and don't mind not selling right away, you may be able to sell to a wider pool of auction buyers, and this could mean that ...

Buying a tenanted property at auction?

I would personally value a property less if it had a sitting tenant AND you couldnt get in to take a look. These seem to be flying at a price much higher ...

Can someone who buys your home at an auction evict you ... - Quora

lets Say that you hold a lease, and the landlord sells the property. The lease remains. You are what is called a “sitting tenant”.

How much does a sitting tenant devalue a property? A brief guide

Selling the property, while it's still occupied with tenants, is known as selling with sitting tenants. If successful, the sale would see the ...

I just purchased a house at auction and people are living there. - Avvo

When you say "[you] just purchased a house at auction" are you referring to a foreclosure auction? If so, then eviction won't be the same ...

Dealing with property occupied by owner or tenants after purchase ...

If it is the owner living in the property then you would have to give the 3 day notice. If there is a renter then you must give the 90 day ...

Buying a Property with Tenants in Situ - Landlord insider

A sitting tenant, or tenant in situ, is a tenant already renting the property, who will remain in place when ownership is switched from the ...

Selling a Property with Sitting Tenants? - Auction Link

There's usually no restriction on the sale of properties with a sitting tenants, although the audience of buyers is obvioulsy restricted to investors only.

What Is A Sitting Tenant And What Are Their Rights?

In short, a sitting tenant is someone who is renting a property that the owner (their landlord) has decided to sell. If they have an ongoing agreement or ...

Property purchase with sitting tenant - OpenRent Community

We've just purchased another property via an auction. It was being sold on behalf of a receiver. However I'd like a bit of advice: The property ...