The great news for buyers is, it's a buyer's market and inventory is very high. The bad news for sellers is, it's a buyer's market and inventory is very high. Many sellers have been taking their homes off the market and renting them out until prices move back up and sales get more frequent.
I have three houses listed for sale that are also for rent. The seller is renting the homes out and advising the tenant that it is for sale. It is written right into the lease that the tenant may receive a 60 day vacate notice in the event of a sale. This works out well for the home owner and the tenant. We also put it in the lease that the tenant can break the lease by giving the owner a 60 day written notice. Many people who are relocating want to rent for a few months while they look for their ideal home rather than settling for the one that is currently available. I just sold another listing that I also had a tenant in under those same terms. It worked out well for everyone. The owner gained some extra income and the tenant was able to take her time looking around and found her ideal home without any pressure. It was a win/win situation for all.
Most homes take six months to over a year to sell. Why let yours sit empty and become a financial burden. Renting the home will help you pay some of your carrying costs and might even find you a buyer. I have also sold a home I had listed to the tenant we placed in it. They were looking to buy something and after living there a few months decided they loved it. The transaction couldn't have gone any smoother. Another win/win situation for everyone.
If you have a home in The Florida Keys and would like to discuss the possibilities of renting it please feel free to call me at 305-731-0501 or email me at garymcadams@bellsouth.net so we can design a rental plan specially for you. You own the property, why not let it make you some money?
Gary McAdams, REALTOR
GMAC Schwartz Property Sales
Serving The Florida Keys
Direct Cellular: 305-731-0501
Toll Free Fax: (866)442-3875
garymcadams@bellsouth.net
