When your rental home has been listed for sale.

NEW -> Contingent Buyer Assistance Program
>Or, just walking around in the nude (or, with a sock) might do it.





As a lawyer, which foot would you recommend wearing the sock on?
 
Ummm, you'd better ask nude where he wears his sock, tho he doesn't seem to be wearing anything at all lately. I have tried to avoid thinking of this. (Snort, gurgle.)
 
<p>Not in 3 hours earlier Florida.</p>

<p>I'm trying not to think of a pink elephant.</p>

<p>I'm trying not to think of a pink elephant. . .</p>

<p>I'm trying not to think of a nude Nude.. . . . . . .</p>
 
<p>I've seen some evidence that the MLS may require that the agent secure the tenant's permission to install a lockbox. We met the agent and a lockbox is not going on. We didn't even have to fight that battle.</p>

<p>As for showing the house, it'll be by appointment only and by the selling agent only. This <strong>kills</strong> the marketability of the house. It's not worth compromising the agent's ability to market in exchange for three months of rental income. I tried telling them that. The lease is written so that only the landlord can show the property, not his agents. We could be assholes and hold him to that. I'm half-tempted to do it still.</p>

<p>I suspect that part of the reason why the LL won't let us leave is because he plans to delist in 3-4 months if it doesn't work out and wants to keep us here. We're perfect tenants and we'd renew if the rent holds steady and a contract is drawn up that terminates the lease if the house goes on the market again. </p>
 
<p>You're probably right. There's a lack of good comps in Westpark and I truly don't know if the place is worth what he's asking. He bought just before the top and can't lower too much. The initial listing price is already some 10-15k under acquision cost. </p>
 
<p>Gee, eff, is this a house you'd like to buy?</p>

<p>You could rent with an option to buy. Same rent, but say $400 a month of the rent going for a downpayment as long as you live there. You could have a provision that at the time you excercise the option, the purchase price will be no more than $__________, but the price shall be determined by the percentage drop of the median income in the _____zip code (or county, or whatever), such that the purchase price shall decrease by the same percentage amount as the median drop. and then, to appease the landlord, add something to the effect that if he finds a bagholder, err, buyer willing to buy for more than your max, you will quietly slink away. Not gonna happen, but saving face is really important.</p>
 
So, since it won't sell eff...take the 3 month rental reduction and laugh your way to the bank with it. THEN renogotiate a lower rental rate for the next 12 month term.
 
<p><em>"One of the downsides to not owning. Someone else controls your destiny"</em></p>

<p>This is disingenuous as most folks who "own" their home actually have more mortgage than they do equity and are six months or less paychecks or less from selling out of neccessity if they lose their job. Owning a home with mortgage does not put one in control of their destiny any more than renting.</p>
 
You must log in or register to reply here.
Back
Top