There are going to be times when homes get sold despite the fact that someone's living there, planning to stay, but not really in control of the situation.
A common word for a person in this situation would be "tenant."
A lease gives a person (or family) the right of possession of a property, but…
There are going to be times when homes get sold despite the fact that someone's living there, planning to stay, but not really in control of the situation.
A common word for a person in this situation would be "tenant."
A lease gives a person (or family) the right of possession of a property, but obviously not ownership. If the owner wishes to sell, everyone is going to have to just work it out. (A lease survives a sale, and might complicate the sale by making a home less attractive to a buyer.)
Dave's got one of those situations brewing now with a South Bay-area listing. There's a discussion with the tenant, who finds the sale unwelcome, but what can you do? You have to try to work it out.
Now, on the MLS, we're seeing another kind of case.
A new listing we stumbled across literally proclaims right in the public description that the "tenant does not know" that the property is for sale. They won't even let buyers tour the house before writing an offer.
Really, now?
Is there no Internet service at the house?
Have the tenants been prohibited legally from obtaining a mobile device?
Do they not, at least, visit the public library from time to time to check out the cyber?
This may look as strange to you as it does from here... where all day we consume and distribute real estate information online... but it's far from the first time we've seen such a listing.
It's mind-bending. They're pushing out to thousands of free public websites the fact that this specific home is for sale, while evidently keeping it secret from the tenants.
This secret will last approximately how long?
For heaven's sake, talk to the people.
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Editor's note: We opted against including the address and photo from the listing in this post, knowing that they don't need any help to blow their cover. It'll happen soon enough.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 29th, 2023 at 3:47am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
