How to manage when your rental is for sale
March 01, 2016
As a tenant, your routine can be disrupted when your rental property is put up for sale. The selling process requires Open For Inspections (OFIs) whereby you’ll have to minimise your clutter and having interested buyers closely inspect all rooms.
But don’t worry - in most cases you’ll be given plenty of notice.
It’s best to be prepared to minimise the disruption:
1. Be courteous - it could get you a good reference
If you like where you live and you didn’t have any intentions of leaving, you’re obviously not going to be thrilled if your landlord puts your home on the market. But there’s no need to be nasty about it.
If you’re courteous and do as the landlord asks, they’ll be happy to recommend you to the next buyer as good tenants and hopefully you’ll be able to stay put without too much disturbance in your life.
2. Look on the bright side
Many tenants feel put out by the expectation to keep their house tidy while their rental home is on the market, but you should look at it as an opportunity to get your life in order.
Clean out your cupboards, throw out anything that is no longer usable, do a few trips to the op shop to drop off any unwanted items that are still in good condition and give the house a thorough cleaning. If you have a positive attitude, it will make the experience less painful.
3. Get everyone to chip in and help
If you live with housemates or with your family, it’s everyone’s responsibility to prepare the property for sale. Many hands make light work, so make sure everyone in the house contributes.
4. Be logical
The more beautiful and maintained you make your landlord’s property appear, the quicker it will sell. This means you will finally know where you stand, if you have to move house, when you have to move house and whether or not negotiating to rent from the new owner is an option.
5. Do your research
The future buyer might want to live in the property themselves, and you’ll have to find alternative accommodation. It always pays to have as a thorough knowledge of the market. Go on the numerous rental websites on the internet and look at comparable rental properties to yours. Have a chat to friends in comparable properties in the area and find out what they’re paying.
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