Buying a Home With The South Bay Team Fejeran Lyon Selling A Home 2 | Page 10

SHOULD I RENT MY HOUSE IF I CAN’T SELL IT? SHOULD I RENT about how buying a home is lessIexpensive than renting one inIT? CAN’T SELL There has been a lot written MY HOUSE IF most parts of the country. Rents are skyrocketing and homes are still at great prices. These There has been a lotare also causing some sellers to consider renting their home instead of selling one in two situations written about how buying a home is less expensive than renting it. After all, homeowner can get skyrocketing and homes are still at until house most parts of theacountry. Rents are great rental income now and perhaps waitgreat prices. These values increase even further before selling. two situations are also causing some sellers to consider renting their home instead of selling it. After This a homeowner cansomegreat There isincome belief that residential real estate ishouse all, logic makes sense in get cases. rental a strong now and perhaps wait until a values increase even further before selling. have no desire to actually become an educated great investment right now. However, if you investor in this sector, you may be headed for more trouble than you were looking for. This logic makes sense in some cases. There is a strong belief that residential real estate is a Before renting your home, you should great investment right now. However, if answer the no desire to actually become anis you have following questions to make sure this educated the right course of action for you and your family. investor in this sector, you may be headed for more trouble than you were looking for. 10 Questions to ask BEFORE renting your home Before renting will you respond if your tenant says they can’t afford toquestions to make sure this is 1. How your home, you should answer the following pay the rent this month because of more pressing obligations? (This happens most often during holiday season the right course of action for you and your family. and back-to-school time when families with children have extra expenses). 2. Because of the economy, many homeowners cannot make their mortgage payment. What 10 Questions to ask BEFORE renting your home percentage of tenants do 1. How will you respond if your you thinksays they can’t pay their rent? the rent this month tenant cannot afford to afford to pay 3. Have you interviewed experienced eviction attorneys in case a challenge does arise? because of more pressing obligations? (This about a possible increaseduring holiday season 4. Have you talked to your insurance company happens most often in premiums as and back-to-school timeawhen families withhome? liability is greater in non-owner occupied children have extra expenses). 2. Because of the economy, many homeowners cannot make their mortgage payment. What KEEPINGCURRENTMATTERS.COM 7 www.SouthBayTeam.com percentage of tenants do you think cannot afford to pay their rent? 3. Have you [email protected] interviewed experienced eviction attorneys in case a challenge does arise? 310.545.5511 Office 4. Have you talked to your insurance company about a possible increase in premiums as liability is 310.345.1239 Julie Cell occupied home? greater in a non-owner CalBre: 01217478/01717819 310.702.6999 Sheri Cell KEEPINGCURRENTMATTERS.COM 7