If you decide to buy or to sell your property you need to find a real estate agent to do the work that is needed. Don’t just use the first estate agent around the corner. Do some market research first as different agents can charge you different percentages.
Always ask them for a quote which they are obliged to give you without you being tied in to a contract. Prior to that you need to know what you want or need when you are moving with the investment.
No matter whether the market is a good one or a bad one, there are always different moves that you can make in order to get the right person moved in to your property. And if you buy a property always remember the number 1 rule: location, location, location.
One of the several ways that you can move into a real estate investment is with Leasing. If you are having difficulty selling your home or property, then you can consider leasing as an option instead of selling it. If you decide to use the lease option for the property, then it means that you will become the landlord for a period of at least one year.
The tenant will have a contract that is signed for this amount of time that says to take care of the property and pay rent. After the time period is up, the tenant will have the option of buying the property from you.
If you are considering buying a home, this is a good first step to get into. You will have lower payments, will be able to build your credit, and will have the option of trying out the property before you buy it.
If you are selling the property, it can also be beneficial, as it allows you to demand a higher price and move into a better market when it is time to sell. Usually, by the time you are ready to sell, you will be able to offer a price that is ten to twenty percent higher than it would have been a year before.
If the market is not a sellers market and you find it hard to sell your home and you have not found any interest regarding your property, then leasing is a second option that you can consider. Leasing the property gives you the ability to profit from both sides.
Leokadia Angela
http://www.articlesbase.com/non-fiction-articles/should-you-buy-or-should-you-lease-your-property-108658.html
7 users commented in " Should You Buy Or Should You Lease Your Property "
Follow-up comment rss or Leave a Trackbackshould I sign a lease with property management when they tell me the owner is not able to show up?
I rent a 1br in Brooklyn. it is my first time dealing with brokers in Brooklyn. I got approval from property management for 1br today. they want me to sign the lease on this coming Monday. I ask to meet with owner in person when I sign lease. They told me the owner is not able to show up. I am wondering if I should sign the lease without owner’s name on the lease. Is there anything I should be cautious when I sign my lease? Is there anybody out there who have similar experience? Your opinion will be helpful to me.
Why would the owner show up? In the 15 yrs I have managed property at two different places not once has the owner ever showed up for a lease signing or signed a lease.That is what managers do,they do the paper work,sign the leases and anything else and take care of everything so the owner does not have to deal wi the residents.I really fail to understand what the problem is here. Managers act on the owners behalf.I could just imagine the owner where I work at’s reaction to something like this.
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15 yrs property management
As long as the Management looks legit you should be ok. But you cant expect owners to show up every time they need to sign a lease, that’s crazy. Just sign it and move in, no big deal. You have the lease and the keys so you are good to go.
References :
http://www.OscarPinto.com
you are only leasing the place now if you were buying then i would be concerned. sign it and if the owner does come by you can’t be evicted unless you don’t pay.
you might want to change door locks in case previous tenant may have extra keys, and check windows to.
a friend after one week she was all moved in was cleaned out a note was left "here are a extra set of keys"
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Broker is acting in the owners interest,owner doesn’t need to show up.Your dealings as far as the property goes will be through the broker or any agent the owners designate.
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Apt manager
It is very common for property management to sign as agent for the owner. The owner is not required to be at a lease signing. The question is how you feel about the management company. If you do not feel they will be attentive or competent property managers, or if something smells fishy, listen to your instincts!
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The owners do not have to be there. Many times the owners are not involved in the day to day management of the property they own. Thats what management companies are for.
You should check with the New York State Department of State Divison of licensing and see if the management company is listed as apartment vendor. One of the current scams is for people to misrepresent themselves as having leasing authority for a property which they have no interest or authority over. Someone tried to take deposits for a property I own.
The NYS DOS website ishttp://www.dos.state.ny.us/lcns/professions/aptvendor/aptvendr.html
References :
Landlord
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