I have rental prospects whose current home is in a Short Sale. They want to move closer to their work and DOWNsize.
Rather than completing their applications, they are communicating about potential for rental increases at the home they are interested in.
I have offered them a lease through July, 2012 or July 2013 at the current rental rate - a considerable reduction because of the lateness of the rental season.
Somehow the RENT INCREASE Bug*A*Boo is scarier than the potential for.....
MORTGAGE Interest INCREASE;
Real Property Tax INCREASE; Property Insurance INCREASE;
HOA Maintenance Fee INCREASE (these NEVER DECREASE);
Property Maintenance INCREASE * properties get OLDER and they cost MORE.
There are no GUARANTEES in LIFE.....Not for HEALTH * WEALTH * WISDOM. I have given them the BEST guarantee they will get - a FIXED TERM LEASE!