Monday, October 31, 2016

You tell me

As some of you may remember, I posted at the beginning of the summer how I was trying to sell my wicked cute little house. It is now almost November, and I've had quite a few lookers, but no takers. I'm considering the idea of renting my house out, which would allow to me to move in with my sister, but I wonder how having renters in the house might affect selling. I'm also hoping some of you are landlords and can advise me of all the things to beware of, should I decide to rent. Certainly I'll check any potential tenants out, but beyond that, what should I know before committing to the idea? Maybe it's more of a headache than I want.

What do you think?

I'll leave you with the hope for a wonderful week and a few more pumpkin pics from past years...







Happy Halloween :)

29 comments:

  1. That first one reminds me of a creature from the movie Big Trouble in Little China.
    No idea on the house. Hopefully someone can advise you.

    ReplyDelete
    Replies
    1. I know exactly what you mean! I love that movie!

      Delete
  2. Happy Halloween, Marcy. Love the pumpkins.

    Having tenants could affect the sale of your house because if they have a lease, the new owner would buy subject to their lease. If not, and you can evict them quickly when you sell the house, it may limit who would want to rent it and could lead to less desirable tenants. Maybe look at if you need to do any improvements to make the house sell better or lower the price a bit. When we sold our first house, our realtor didn't tell us to make certain cheap improvements like refinishing floors, painting, and carpeting that made the house look so much better, and it quickly sold. Good luck!

    ReplyDelete
  3. NOPE. NOT A LANDLORD. BUT LOVE THE PUMPKIN BOOKS ARE MAGIC. YES. THEY ARE.

    ReplyDelete
  4. I'd wait rather than rent!

    ReplyDelete
  5. If I were going to rent out my house, I'd hire my realtor to handle it because she has a rental management company. My neighbors decided to rent because prices on houses hadn't yet come back up to what they paid (they have now and are higher than when I bought). The neighbors have very nice renters and are using the realtor's company. I don't know if it will affect the value of the house, but my neighborhood has a lot of rentals and it isn't dragging down prices.

    Love,
    Janie

    ReplyDelete
  6. Love the pumpkins. If you can hold off renting your house, I would. Tenants even good ones, can be a headache. And limit your market to investors rather than people who want a home...
    Good luck.

    ReplyDelete
  7. I'm not an expert, but I think you've gotten good advice here. Having tenants in the house would make it harder for potential buyers to view it -- and you'd have no control over what state the house would be in when it was viewed -- and it would affect the closing date of the sale.

    ReplyDelete
    Replies
    1. That was my thought; what if the tenants didn't pick up /clean for a viewing? Agh!

      Delete
  8. Are you sure your house is staged properly? Is it priced in the right range? Those are the main reasons why a house wouldn't sell, unless the market in your area is depressed at the moment. Things to look into.

    As for renting, I have no idea. At least that would help with paying two mortgages...

    ReplyDelete
    Replies
    1. My realtor helped me stage for the pics, but of course it can't stay that way since I live here! And according to zillow the price is right. So...who the heck knows. Maybe selling a house is like selling a book; the right person has to see it at the right time.

      Delete
  9. well you just kick the renters out to the curb if you sell the cassa :) Our house took about a year or more to sell, and we live in a country where nobody buys property since we're dirt poor

    ReplyDelete
    Replies
    1. Oh dear, I sure hope it doesn't take a year for my house to sell.

      Delete
  10. What in the world is that thing in the next to last picture (between Snoopy and LOVE)?

    Renters are a mixed bag. Good ones will take care of the property and provide a source of income for you until you sell. Bad ones could keep your placed trashed and 'unshowable'. Plus, you have to deal with the legalities of a lease. The deciding factor could be how much you need the rent.

    ReplyDelete
    Replies
    1. It's a pumpkin. A really big pumpkin! Oh I need the extra $ alright. The question is, will it be worth the headaches?

      Delete
  11. Sorry you haven't had luck selling. Thanks for sharing pumpkin pics again. I love the Peanuts one.

    ReplyDelete
    Replies
    1. That was one of my faves, hence it's second appearance here :)

      Delete
  12. Bummer.... renting can be a good thing or HORRIBLE... It all depends on if you can hold out. Winter is NOT a good time to sell. Spring is much better. I'd take it off the market a few months, then put it back on in early March. That way it is FRESH again. Not sure how your market is there. Here in Chicago, that's the best time to sell and to get the most. If my deal falls through on the loft, (I have a contract, BUT the buyers are using a credit union... notorious for under appraising)I plan to take it off the market and wait until March. I may get another 20-30K if I wait. I just hope it goes through. I am SO ready to move on...

    If you decide to rent, make sure you do a background/criminal/credit check.... At the renter's cost. That is what I have to do when I rent my next place... no more buying in Chicago for me... LOl

    ReplyDelete
    Replies
    1. Yeah, winter stinks all around if you ask me. And oh yes, I will do all kinds of checks on any potential renters!

      Delete
  13. I've heard so many nightmare stories about renting. I think it takes a tough outlook to rent because a landlord can be taken advantage of if they aren't tough. I probably would not be a good landlord. If you can be tough then I'd say go for the renting.

    Selling isn't always easy either. My siblings and I sold our mother's house in Nov of 2015 to a flipper. We maybe have gotten a little less that what we had hoped for, but it wasn't bad and it was in cash. They did a remodel and now it's still on the market after a couple of price drops. They have too many newer homes on the market to compete with.

    If I had tons on money to deal with I would be interested in investing in real estate, but alas that money is not available to me so I guess I'm not going to get rich with real estate.

    Arlee Bird
    Tossing It Out

    ReplyDelete
    Replies
    1. I've heard stories, too, sadly. Maybe you want to start small with your real estate investments..you know, like with a tiny house in Maine...
      ;)

      Delete
  14. I love the pumpkins too.

    I hear good things about Airbnb but that's only from articles I've read. Take a look at this one for example: http://www.nytimes.com/2016/11/06/realestate/using-airbnb-to-sample-someone-elses-style.html?_r=0
    I have no idea if this helps but its a good read anyway. :)

    ReplyDelete
  15. Glad you are getting good advice. Don't have any expert experience to ad, unfortunately. Wishing you luck, whichever way you go.

    ReplyDelete
  16. Great photos! As for renting, I've never wanted the responsibility of being a landlord but understand that it can be a lucrative and mutually beneficial experience. Best of luck to you!

    ReplyDelete

If you're interested in my blog I'm interested in your comments.