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Buying Selling And A Bit Of Stress

By Margaret Rome Baltimore 410-530-2400

Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

March 20, 2021 09:53 AM

You are renting and need to move! There is a shortage of houses, and the ones that come on the market have multiple offers at inflated prices, what can you do?

Here is one way, and it not for everyone!

Working with a buyer who is now renting, they are given a few weeks to vacate. The landlord will not renew and wants to put the rental property on the market for sale.

We have been running around for weeks, making offers on new listings, getting “beat” out of homes that we don’t even love! The stress level is high!

stress

One Solution:

Contact the landlord to sell this rental now before it goes on MLS. Purchase the rental As-Is, 2-week closing, and tenant stays in place. Write the offer and secure this property.

Note the tenant is the buyer.

Now, this buyer is not under this high pressure to buy immediately.

We made the deal sweet for the seller!

Flexibility is now on our side. And we can rent or sell this property when we find the right house, in the right location for the right price.

We are still looking for the right property, but the pressure is removed! And as soon as we secure that new home, we can put the rental on the market for sale or for lease!

For sure not for everyone!

Thinking of selling your home

Call Margaret Rome

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Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Great information. Thanks for sharing and enjoy your day!

Mar 20, 2021 09:55 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Thanks for stopping by, Kristin.

Mar 20, 2021 12:57 PM

Roy Kelley

Retired - Gaithersburg, MD

Prospective home buyers are in very good hands when they seek your professional real estate advice and assistance.

Mar 20, 2021 10:37 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Thanks, Roy. Enjoy this first day of Spring!

Mar 20, 2021 12:57 PM

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hello Margaret - the brainstorming of ideas can be a useful tool for stress-busting. In real estate and everyday life.

Mar 20, 2021 10:39 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Michael, for sure. And so much of that valuable brainstorming is done right here on AR!

Mar 20, 2021 12:58 PM

Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Margaret,
This is certainly a great solution for tenants who qualify for the rental property that will be going on the market. For those who don't qualify due to a lack of enough down payment, it would probably be easier to get an investor co-owner to step up until the property sells.

Mar 20, 2021 11:01 AM

Marte Cliff

Priest River, ID
Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Carol, This is exactly what we did.

Mar 20, 2021 11:21 AM

Margaret Rome Baltimor...

Pikesville, MD
Carol Williams

Wenatchee, WA

Marte Cliff

Marte Cliff Copywriting - Priest River, ID

Your real estate writer

That took some good connections! Good for you for making it happen.

Mar 20, 2021 12:07 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Marte, We do what we need to do to make it all happen. Good to see you!

Mar 20, 2021 01:00 PM

Margaret Rome Baltimor...

Pikesville, MD

Barbara Todaro

RE/MAX Executive Realty - Happily Retired - Franklin, MA

Previously Affiliated with The Todaro Team

Great game plan Margaret.... I'd expect nothing less from you.... you're the creator of creativity....

Mar 20, 2021 01:01 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Barbara, I was thinking about you today and how much I've learned from you. Now is the perfect time to find land, contact builders, and then list those home sites.

Mar 20, 2021 03:08 PM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

It's one creative solution, and as you mention, not for everyone. I sure like your ingenuity, Margaret.

Mar 20, 2021 01:10 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Creative and thankful it is working. Like opening the lever on a pressure cooker and taking a deep breath.

Mar 20, 2021 03:10 PM

Debb Janes

Nature As Neighbors - Camas, WA

Put My Love of Nature At Work for You

Often, the best Tude is the "Can-do" Tude.

You're Featured in BananaTude

Mar 20, 2021 01:12 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Thanks, Deb for the Tude feature!

Mar 20, 2021 03:10 PM

Andrea Bedard

Thompson Company, REALTORS® 240.593.2860 - Silver Spring, MD

Fluent in Real Estate & German, M.A. ABR ASP CIPS

Love it Margaret! I can only imagine how relieved the tenant must be now - and grateful. You are amazing.

Mar 20, 2021 02:07 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Andrea, This is working our well!

Mar 21, 2021 08:06 PM

Ed Silva, 203-206-0754

Mapleridge Realty, CT 203-206-0754 - Waterbury, CT

Central CT Real Estate Broker Serving all equally

That's quick thinking and a great way to help the buyer and work to the greed of the seller.

Mar 20, 2021 02:52 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Ed, It is a win-win for everyone!

Mar 20, 2021 03:12 PM

Ray Henson

eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

Realtor

Well done! Thinking outside of the box can really pay off for clients. Your clients chose their agent well.

Mar 20, 2021 03:02 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

HomeRome Realty 410-530-2400 - Pikesville, MD

Sell Your Home With Margaret Rome

Raymond, I have great clients!

Mar 20, 2021 03:13 PM

Margaret Rome Baltimor...

Pikesville, MD

George Souto

George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT

Your Connecticut Mortgage Expert

Margaret sounds like a plan. Sometime you have to think out of the box.

Mar 20, 2021 04:51 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

George, Thinking outside the box is what we all do to make things happen!

Mar 20, 2021 06:51 PM

James Dray

Fathom Realty - Bentonville, AR

Morning Margaret.

In the unlikely event something should happen to the wife that is exactly what i would do

Mar 21, 2021 01:12 AM

Margaret Rome Baltimor...

Pikesville, MD

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

That's a great solution you came up with, Margaret. By the way, did you hear about the seller who sold his home a year ago, and has refused to move out so the buyer can move in? It seems he's using the pandemic eviction moratorium. I can't even imagine the pain it is causing the buyer.

https://www.foxla.com/news/couple-buys-riverside-dream-home-but-seller-refuses-to-move-out-in-eviction-moratorium-loophole

Mar 21, 2021 01:41 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Sounds awful...I will have to read about it.

Mar 22, 2021 09:54 PM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

CONGRATULATIONS Margaret, on having this blog FEATURED in the Old Farts Club group!

Mar 21, 2021 01:43 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Thanks for the feature Myrl in the OFC!

Mar 22, 2021 09:53 PM

Rocky Dickerson

Realty One Group - Las Vegas, NV

Superior Service!

Good morning Margaret! I remember Mike Ferry used to do that. He would tour 20 tenant occupied listings a month and in the end create 1 to 2 transactions a month just selling it to the tenant.

Mar 21, 2021 07:37 AM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Rocky, not a bad idea in today's market!

Mar 22, 2021 09:55 PM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

Smart idea. Your buyer is so fortuante to have your and your experience to guide them.

Mar 22, 2021 05:32 PM

Margaret Rome Baltimor...

Pikesville, MD

Margaret Rome Baltimore 410-530-2400

Thanks, Chris Ann. It was the best solution for this buyer

Mar 22, 2021 09:56 PM

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