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Is your house not selling? Looking for an alternative?

I get this call many times a day: "MY HOME IS NOT SELLING! SHOULD I RENT IT OUT?" The answer to this question is: "It depends". I wrote a short article on it. Take a few minutes to read it.

Honestly, selling and renting are not the only two options. In fact, we are working on programs that will offer the home seller even more alternatives. One is the seldom-chosen, often-misunderstood, LEASE_OPTION. Then, between selling, renting, and lease-option, there are endless hybrids.

Here is a quick snapshot of my personal opinion about the market in Santa Clarita, CA.

Santa Clarita resale market: Slow, depreciating, frustrating. Sales are possible, but tough. Your house needs to be sparkly and priced low. Vacant and staged are a plus.
Santa Clarita rental market: Fast, appreciating, exciting. Rentals are going quickly, for top dollar, to top-quality tenants. Best rental market I have seen in 3 years. 2-year leases are not uncommon, 1-year leases are the norm.
Santa Clarita Lease-Option market: Growing, recently invigorated, moderately tough to structure. I used to say there were no good lease-option deals. The good ones are making a return in the wake of the sub-prime fiasco. Will be hot for 3-5 years.

Again, these are my opinions. They are not guaranteed, although I personally believe them to be accurate.

Posted by John Evarts on 05/22/2007 12:51 PM

Comments (2)

john evarts, classic property management, lease, option, rent to own, rental, santa clarita, valencia, saugus

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2 Comments on Is your house not selling? Looking for an alternative?

MAY

2007

Nice post. I read your previous article too. I'm not sure why, but we property managers don't seem to get the attention here on Active Rain that the "regular" REALTORS get and therefore, we don't seem to get as many comments...not sure why that is. I guess we are in an arena that they don't want to mess with or spend time on. Hmmm.

MAY

2007

I thought that too. then i looked at the views I was getting on these kinds of posts. I was shocked. I get more views on these than even my featured post! I think the public is viewing them and not commenting or clicking. It is generating leads, tho. Thanks for commenting.

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