The Renter Who Deals Direct With A Real Estate Property Owner.
The Maine home renter who seeks out, has a little chit chat with the property owner of an empty house.
Rut rho. The property is for sale, the renter is thinking, hoping take the home off the market so he can lease it. For as long as possible. In Maine, home rentals are so low cost to expect for monthly installments that breaking even does not usually happen.
The Maine home seller who listed the place for sale wants to move it out.
Not sign a year’s year and be made to wait.
The renter in our area for homes knows most are for sale, come with a month to month lease period. Don’t even bother for longer term.
Those happen when a merchant marine or a not quite retired person says sure to lease it out. That does not need the roof over their head and four walls to move a family in quickly.
If hoping to get through a Maine winter is on the table, a longer than month to month lease can work for both parties. To keep it heated, plowed out at the renter’s expense.
But when the call comes in about renting for a year… have to ask why are we doing that/ Rental income month to month to help the financials is one thing. Long term rental goes against the primary mission to sell the Maine home.
The promise of buying the place is always a bitter sweet one too.
What the seller wants to hear.
Thinking there, sold… someday.
But to the Maine real estate agent, broker, it can mean are you able to buy a Maine home today or in the near future? If you do decide to buy not li,mp along month to month as a Maine home renter.
To know for sure, get the renter to the bank to see if they are qualified to buy a Maine home.
Now, not learning a year from now no way it is going to happen. Could have told you that way way back in the beginning when the talk about renting, maybe buying surfaced.
Why the sale of a home in Maine does not happen?
Lots of reasons. Due to bloated debt ratios, bad credit score and poor work history. Divorce, disease and death put a wrench into the property listing selling cogs too.
As the Maine home owner, when the topic of renting it out comes up, put both hands in the air.
Remind the renter wanna be that he or she needs to bring the real estate agent or broker into the picture.
Early on to avoid “he said she said” creeping into the chain of events. That derail a house sale. Especially if lots of projects get started in the home by the renter who thinks he is a buyer. But is not, is not going to be because of factors that get discussed with the little heart to heart talk with the Maine real estate agent, broker, REALTOR.
Just hearing a house renter say he or she wants something does not mean they can pull out the purchase of something major like a Maine home.
Timing, it all depends on other factors. Keep the home renter a leasee or turn them into a house buyer.
But spell out what has to happen and when to set expectations both parties agree to and realize are in place.
Less misunderstandings, no repairs started thinking the Maine home renter is buying if they are not or simply can not.
Pull off a Maine home sale. Getting out of the rent rut and buying Maine home debate.
Short term Maine home rentals can work to not mess of a property sale. But wear and tear from the wrong renter, the one who was evicted from their last place due to a Meth lab.
That is all what needs careful consideration before saying I do to I will rent.
How the terms of the rental agreement are structured can lead to a happy ending. Instead of becoming a horror show in the Maine home sale. When things just don’t pan out.
When all the work done by a renter thinking he is going to buy and does not leaves a lot of house selling loose ends.
207.532.6573 | [email protected] |
MOOERS REALTY 69 North Street Houlton Maine 04730