SELLERS AS LANDLORDS

According to some estimates, a combination of more renters and fewer rental units nationwide may boost rents five to ten percent in the coming year, This could provide an opportunity to sellers, who find themselves in the unenviable position of having purchased a new home without having sold their own. These homeowners find themselves caught between two homes, paying mortgages on both. One way out of this circumstance, besides placing home in a favorable market position, involves sellers becoming landlords and renting their homes until conditions become more favorable in the housing market. In some cases, they may find renters who make known their intention of eventually buying the home they will agree to rent. This rent-to-own strategy may benefit both parties. Seller are increasingly using incentives, such as vacations, gift cards,closing costs, to help sell their homes.However, best way to sell your home is still to price it at market value.