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Chicago Northwest Suburban Real Estate- Renting your home is a good option!

By
Real Estate Sales Representative with Compass

 

A few of my clients have tried to sell their homes this year, but unfortunately, they were not able to sell their home at their desired price.  If it was financial feasible for them to own 2 homes, I have advised these clients to lease  their home in these tough times, and wait for the housing market to turn around.     I have leased certain client's townhomes from $1850 to $2600 and luxury homes from $3000 to $5000 a month.  Two of my clients have received a corporate 3 year lease and can't be happier. 

 If you would like to lease your condo, townhouse or  home, please contact me!

 

 Long Grove Luxury Ranch- Rented for $5000 per month!

Long Grove Beauty Rented for $3000 per month!

 

Although my clients would have ultimately wanted their homes to be sold, they appreciate the added cash flow to pay their fixed costs during the rental period. Even if the rental market doesn't allow my client  to  recieve enough rent to cover their entire mortgage payment, paying a small amount of negative cash flow every month is a lot easier on their pocketbook than forking over thousands of dollars with no help from a lessee. 

Available Now!   Newer 3 bedroom townhome for $2050 in Buffalo Grove, Illinois- Stevenson Highschool

Brand New 2 bedroom in Luxury Building in Vernon Hills!

 

 

Whether representing the lessor or lessee, I pay strict attention to the effect the transaction will have on your business and personal objectives

 

 

 

The above information regarding was provided by Judy Greenberg, Realtor with Coldwell Banker Residential Brokerage (Chicago Northwest Suburbs).

Judy's websites, www.buffalogroveareahomes.com and www.buffalogrovehomes.com and www.judygreenberg.com provide all the information regardless as to whether you are a potential buyer or seller.or lessor or lessee.  Judy can be reached at 847-602-5435 or via email at info@buffalogrovehomes.com. Judy has helped people move in and out of  the Chicago Northwest  Suburbs. including but not limited to Arlington Heights, Long Grove, Kildeer, Buffalo Grove, Lincolnshire, Vernon Hills, and Wheeling Illinois

 

Posted by

The above blog post was written by Judy Greenberg.

 

If you are looking to buy or sell a home in the Chicago Northwest Suburbs, you have come to the right place...  Call or text me at 847-602-5435
 


THE JUDY GREENBERG GROUP

Coldwell Banker Residential Brokerage
THE GROVES OFFICE
4192 IL Route 83 #F – Long Grove, IL 60047
847-602-5435

info@buffalogrovehomes.com
 

Oh, by the way, I'm never too busy for referrals!

 

 

 

Comments(6)

Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Judy, leasing these more upper end homes, condos, or townhomes is such a creative idea in a struggling economy and gets the homeowner to move on in their lives.

Feb 27, 2009 10:03 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Judy,  With fewer and fewer buyers even able to qualify for a loan, this is a good time to be a landlord if you can afford it.

Feb 27, 2009 02:52 PM
Judy Greenberg
Compass - Long Grove, IL
Compass- Long Grove -Buffalo Grove

Gary,  I agree, why keep it empty if you can get rent to cover most or all of your costs.

Erik,  I'm very careful about qualifying people in order for them not to bail out on the lessor. 

Feb 28, 2009 01:23 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Left you a VM Judy....kick it.  I'll let you know the development on the clients.  Have an awesome day!  Read the book!!!!!!

Feb 28, 2009 02:21 AM
Kelly Sibilsky
Licensed Through Referral Connection, LTD. - Lake Zurich, IL

It seems like renting is becoming an extremely viable option in this market. Kudos to you for grabbing your share of the rental market!

Mar 01, 2009 11:16 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Judy,

Great idea for these home owners. At least they can move on and not worry every day about it sitting empty!

Mar 02, 2009 07:45 AM