subject: Is Renting A Better Option In Today's Economy? [print this page] Selling homes today usually means that the home will sit on the market for months instead of weeks and sometimes a year or more before it sells. For many owners trying to sell today, this is how it goes. Before selling, it is standards for a house to sit on the market for a long period of time.
If you can't sit on your home right now, what is the alternative?
The choice to sell is made for you, if you must immediately. While the for sale sign sits on the front lawn, a lot has to be done with payments and the old home.
Many homeowners are dealing with this problem, so they rent their homes while they wait for that big sale. There are plenty of homes for sale that are available for rent.
Renting your home has its advantages. Leaving a home sit vacant for long periods of time is dangerous and with a renter the home is not only occupied but is bringing in money to cover the existing mortgage until it sells. Paying two mortgages can be a real problem for most people.
Renting rules have changed.
The rules for renting homes are now different because of the amount o homes for rent now. It is important, yet difficult to find a good tenant.
You could also get a professional to help stage a home to get more desirable clients. Renters are looking for the best deal, so they are doing comparisons. It used to be that the landlord had several applicants to choose from but now it is the other way around.
If you can't keep up with the payments, renting may be the best option. Tenants in your home will require management. There are worries involved in having tenants and if you cannot physically keep an eye on your home then hiring a management professional is a good option.
Advantages to hiring rental management:
1. Management will handle emergency calls. 2. Management will handle rental payments. 3. The management will make sure you receive your payments. 4.The worries will be taken out of renting.
There is a fee involved in hiring a management service to handle your rental home but the worries that are removed by using the service is well worth the nominal fee. Tenants will want to buy your home in time. This could be your solution.
