subject: Should You Rent Or Lease Your Home While Selling It? [print this page] What needs to happen when you're considering sell a home fast because you need to move on with your life? Sometimes life throws us a curve ball and everything needs to change in a hurry through no fault of our own. Keeping a home while it sits empty and vacant is not advisable, ask anyone who has already done it. They will tell you that vandalism is really the least of your many basic concerns because it is relatively unlikely, but maintaining utilities and keeping the interior and exterior cleaned-up is an on-going hassle that simply never ends. I have owned many a vacant home over the years and I am here to say that it is a situation you'll want to avoid if possible when you sell a home.
And although the real possibility exists that you can lease out your home because there are so many people looking for rentals these days, driving the monthly lease rates upwards to the benefit of landlords all over the country, you'll want to take a deep breath and get some basic education before stepping into the role of a landlord. It, too, has a familiar and often frustrating downside. Go ahead and talk to other homeowners who have made the choice to rent out their homes when they had to move on.
They will assure you that for the most part, if something can go wrong it will go wrong when you sell a home. And, sadly, things you never imagined have a way of happening as well. People can be very thoughtless when they live in a home that doesn't belong to them, and that fact can personally cost you thousands of dollars in repair bills. At the very least you will discover that tenants are never especially eager to allow the premises to be shown to prospective buyers when the home is for sale while they are living in it. It's an imposition and they can make things difficult for you and your real estate agent as well.
Giving consideration to the prospects of leaving a home vacant or leasing it out to tenants when you're selling a home fast you may find yourself considering an alternative. That would be the possibility of negotiating with a real estate investor who regularly buys and sells homes as a business. Professional investors are well-situated to accommodate sellers who find themselves suddenly in a hurry to sell. They usually have the means and systems in place to pay cash and close quickly, which can give motivated sellers a tremendous advantage over the lengthy process of a traditional sale.
