Selling a tenanted property in Ontario to a buyer who wishes to occupy for own use sometimes requires more complicated negotiations.
Recently, a seller client and I entered complex negotiations with their tenant and a buyer in trying to arrive at this type of agreement, which resulted in us having to come to a different type of arrangement when our 'cash for keys' offer of $20,000 was refused by the tenant who asked for more money.
Watch my video for the full details of this transaction:
- To watch the video above, just click the "play" button
- To watch the video on our Move Smartly YouTube channel, click here
- Or listen to this episode when it becomes available on the Move Smartly podcast (new episodes go live on Tuesdays)
John Pasalis is President of Realosophy Realty. A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).
A leader in real estate analytics, Realosophy educates consumers at Realosophy.com and MoveSmartly.com and helps clients make better decisions when buying and selling a home.
To book a consultation with John and his agents at Realosophy, click here