List for Sale and for Lease Simultaneously
Citysearch encourages a property owner to list a property for lease and for sale simultaneously. This can be a win-win situation for an owner to hedge both options… and proceed which the best first option that presents itself. Having said that, it is critically important to work with a realtor that truly wants the optimal end result for the owner, as the property may lease before it sells delaying a future purchase. Furthermore, may tenants once they have taken possession and are settled at the property, later have interest to purchase the property they reside at. If an owner is keen to sell and the tenant is keen to purchase, Citysearch will assist with facilitating a purchase, and end our management relationship.
Renters are often buyers in the future. Citysearch is experiencing a trend, more often today than ever before, situations where the tenant purchases the property. Once they have experienced the property, the home, the neighborhood and its amenities, the tenant often wants ownership. The end result can be a favorable win-win for all parties.
In the situation where the property leases first, if the tenant is not interested in a purchase, Citysearch typically recommends re-listing the property for sale two to three months before the end of the fixed term tenancy. Leasing now and awaiting a ‘better’ marketplace is a strategy many property owners are taking. Collecting rent and having a tenant pay operating expenses during the tenancy period mitigates expenses as compared to a home that sits vacant or is under-sold.
Citysearch is a real estate brokerage however does not conduct sales and is strategically aligned with the Hripko Nelson & Partners Group of Royal LePage Benchmark, who's impressive track record includes being ranked in the Top 1% of all North American Realtors annually since 1991.
If you are interested in participating in this arrangement, please complete the information , and we will reach out to you.
CONTACT US TO DISCUSS YOUR PROPERTY NEEDS
“We found a wonderful inner city rental with Citysearch and planned to stay there for a couple of years. When we moved in, we enjoyed the space and the neighborhood so much that we would talk about how nice it would be to actually buy the house - "maybe one day". We then successfully facilitated through Citysearch and their affiliates, Karen Keveryga, associate with Hripko Nelson & Partners, a purchase of the home and our dream became reality. We are extremely pleased with the outcome and the process was seamless. Renting before buying is truly a wonderful way to ensure the neighborhood and home are a perfect fit before a purchase commitment.”
- S. Jesberger, Former Citysearch Resident & Now Property Owner
“We were a resident of Citysearch for a few years. We enjoyed the property so much that we entered into a discussion with Citysearch to purchase it. Fortunately, it worked out for all parties and the property owner agreed to our terms. The entire transaction was seamless and now we own a great home and had the luxury of ‘testing’ it out before owning it…. I would recommend this to anyone.“
– A & D B, Prominent Calgary Business Owners