Surely, as a realtor you have come across the client who needs to downsize or upgrade, but doesn’t want to sell their existing home with housing prices the way they are. Many homeowners are becoming reluctant land lords.
Your client needs a real estate attorney who understands the rental process. Black and Buono can assist your client in the writing and structuring of lease agreements, condo fees, rent to own agreements and general rental policies. You know it isn’t a seller’s market. But, it is a “renter’s market”, and your client could benefit.
Faced with selling their homes in today’s short sale and foreclosure ridden market or leasing them, many realtors are seeing their clients who want or need to move are becoming defacto landlords. Despite the difficulties the real estate market is facing, there are opportunities for interested entrepreneurs who want to an investment property.
Many of those people who are buying homes right now are downsizing for retirement, cutting living expenses to match reduced income, relocating for a new job and taking advantage of low prices and ultra-low interest rates to buy a better house for their needs.
If you have clients that can’t sell their home for enough to cover the mortgage and don’t plan on leaving the area, help them take advantage of the low home prices and buy their dream house. They can rent an existing home with your help, and the help of a reliable real estate attorney, contact Black and Buono.