7 Considerations When Contemplating Renting Your Home Instead of Selling It
After a failed attempt to sell his home with a local realtor, a seller came to me and asked me to rent his home for him. Understanding my client’s goals and motivation to move as well as their risk tolerance and general understanding of the market are extremely important to me in an effort to [...]
Appraisals Ruin Sales
I was recently on the receiving end of a VERY disappointing appraisal. I was the listing agent on a townhome in Prince Georges county where the seller received a good offer. It was only $10,000 below the full asking price. After reviewing the offer with the seller and reviewing the comparable sales, the seller decided to [...]
Deciding to Wait Out the Market and Rent Your House?
Be careful – The rules have changed! Previously, if you decided to keep your current home and rent it out, you could offset your mortgage debt by obtaining a lease on your property. The mortgage company would give you credit for 75% of your rental income. For example: Your tenant pays you $1500/mo 75% of [...]
