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What to expect when the landlord lists your home for sale

Sale Sign2Q.  What should I expect, as the tenant in a home that’s going on the market in the near future?

A.  When your landlord decides to sell the home you occupy, it’s probably a business decision that has nothing to do with you. 

And yet, you know it has EVERYTHING to do with you, when it comes to inconvenience. You probably have more questions than answers about the process and what’s expected of you. 

Maybe this list will help:

By co-operating with the landlord and listing broker, you will help facilitate a quick sale and minimze the inconvenience to your household.

There’s a good chance the purchaser may be an investor who intends to continue renting the property.  If so, it’s likely the new owner will rent the property to you and you won’t have to move.  Your current landlord will notify you promptly when there is a contract to let you know if that’s the case, or what to expect in the coming weeks or months.

If you have any questions, contact your current landlord and/or the listing agent for the property at the phone number on the sign. 

Originally posted on MarylandRealEstateBlog.com

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