| If anyone here owns a home that they rent in a desirable neighborhood, when do you think you will decide to sell versus rent? We really want to buy in this one neighborhood that currently has two homes listed for rentals but nothing to buy. We sold our home and need a place (have secured temp lodging through early November so we could try to catch the fall market when things pick up as we want to buy). We would rent if needed but really want to buy. Anyhow, just wondering when people opt to sell or would consider selling their rental... |
We rent a home in Georgetown. Zero plans to ever sell it (though every tenant asks !). Long-term, good tenants always. Easy maintenance. This is our first home and keeping it in the family and for its investment value.
We live fairly close so easy to deal with logistics. |
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If there is a rental that you really like, OP, you can always consider placing an offer on the property. Heck, you can place an offer on any property even if its not listed for sale.
I had a client that wanted to get into a desirable neighborhood. I just started speaking with all of the neighbors until I found an owner that would consider selling. A deal was finalized within a few months. What do you have to lose? |
We've considered this and even spoke with one person when driving through the other day as he was clearly much older and likely to sell soon. He said he wants to sell next year... Would you generate a letter/flyer to place in mail boxes? What is the best approach that wouldn't seem sketchy or off-putting? |
Always speak with people face-to-face. Follow-up with a handwritten note if it's a situation like you sited, in which the owner will probably sell in a year. You could generate a letter and put it in mailboxes but it will be much sketchier coming from a prospective neighbor than from a realtor (which is what people expect). |