Find Your Home!

Saturday, September 29, 2012

Landlord wants you to buy or move…What do you do?

I spoke with a caller this week who has been leasing a home for a several years.  The owner has decided it is time to sell.

The tenant is currently in a month to month lease situation as the written lease was not extended previously.

If you are leasing and don't want a short notice termination then extend it in writing for another year before expiration.

The landlord provided a contract with his price already filled in the space.  He had crossed out standardized verbiage about inspections (and repairs) and already signed.

What should a tenant do in this situation?

Call a real estate agent.

Why? 

The tenant needs representation who can provided answers to questions like....
  • Price.  This is one of the smallest homes in the neighborhood. 
  • Procedures and processes.  The home buying process can be complicated.  There are inspections to be conducted.  There are appraisals and loans to be obtained.  There are time lines to be met.
  • Negotiations.  The landlord may be totally off the market and dreaming.  Let a professional negotiator work for you.
  • Options.  Depending on the inspection results and price negotiations, there are options to be considered.  Perhaps there are better deals on the market if one is buying a home. 
Buyers have leverage that can be used to their advantage if they know how.  The Brevard County, Florida market is not yet a sellers market.

If you are considering buying a home in Brevard County, Florida, call me at 321-693-3850 or click on the link below to send me an email.

 You deserve representation by a professional.  Besides most of the time the seller pays for the buyer's real estate agent!




Follow by Email