National Brokers Network

How to Keep Calm When Your Rented Home is for Sale

What would you do if you found out you’re renting a house that is currently on sale? This could be a logistical nightmare, right? In this post, you will learn how to handle this situation. Read on to know more about it.

From the landlord’s perspective, selling a property can be very challenging at the best times and even more difficult when the property is occupied by responsible rent-paying tenants. However, taking your side as the tenant, this can be really frustrating and very alarming having your routine disrupted by OFIs and minimising your clutter and the worse part: having strangers trawl through your house.

Well, it may sound alarming and quite annoying, but you don’t have to panic. In most cases, you will be given plenty of notice. The best thing to do is to make the most out of it. To help you out, here are some tips recommended by National Brokers Network

  • Start looking for a new place

Now is the time to start looking for a new place. Fix your schedule accordingly. Make sure to have minimal overlap. Keep in mind that property settlements may take between 30 and 90 days. Once they sold the property, you still have time to move out.

  • Keen an organised and detailed calendar

There is nothing more annoying than waking up on a weekend early in the morning to the sound of real estate agent knocking at your door. Worse, if they come with so many potential buyers waiting to trample through your house. Keep accurate records when your home will be open for inspections to avoid these annoying and awkward situations.

  • Be courteous—it may help you find good a reference

No matter how frustrating it is, always keep your composure. There’s no need to be nasty about it. If you show them a bad attitude, things may only get rough and ugly. This makes it even harder for you to find a good place around the community. If you’re courteous enough and cooperate with the landlord’s terms, you can always talk things out and maybe he or she can even extend your stay until you can find a new place. They can even recommend you to the next buyer as good tenants.


Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)