Property with Tenant
Real estate question
Real estate experts Shd one be putting an offer to a property with tenants given the seller will have to go to LTB to evict them , seller asking for 8-12 month closing time .. however the property is good and asking price is 40 k less then current trend . This property will be for self personal use . We have a clause that we will need vaccant possession failing with the deal will get null and deposit returnd . My question is what can be hidden risks that we may need to know other then the wait time?( and loosing on good properties in this wait time ) Or is it worth waiting that long for a deal that may or may not close by 8 months if the tenent does not vacate ? Anyone who had dealt with similar situations , your thoughts are welcomed.