Lee Morof's Real Estate Blog

While many homes that haven’t sold are being rented instead, some that have been rented out are now up for sale. So what do you do if the house you’re renting becomes a Royal Oak Michigan home for sale?

Get a Fresh Perspective
Nobody wants to get kicked out of his or her home. However, if it comes down to it and you have 60 to 90 days left before you have to move from what is now a Royal Oak Michigan home for sale, look at your options from a fresh perspective.

• If the home has problems and you’ve been responsible for some of the upkeep, it’s no longer your problem. If you still don’t want to buy a home, you can rent somewhere else with a home that has fewer problems than the one you’re moving out of.
• If the rent was high and you’ve been struggling to keep it paid, that’s no longer a problem. If that sounds cold, let me warm it up for you a bit. Many houses are being rented rather than sold, because the owners either don’t want to get rid of them or can’t get rid of them. And, the current economy has caused rent to drop to a more affordable level in many areas.
• If you don’t like the neighborhood or the city and you have a job that can be done elsewhere, start looking. Can you transfer? Does your company have nationwide facilities? This is the perfect time to move to a community more suited to you.
• It may be a buyer’s market, but it’s also a renter’s market. Landlords are lowering rents,  raising amenities, offering the first month or two off the rent, adding in utility costs and anything else they can think of to attract renters. If you have a good renting track record and good credit, now is the time to start negotiating for a great deal.
• If you’ve been looking for a Royal Oak Michigan home for sale to buy, it could just be the one you’re renting!  With the historically low interest rates, you may now qualify to buy the home you’ve previously been renting. 

If you’re looking for the perfect place to buy, I can help. Call me at 248-514-2640 or email me at info@NorthWoodwardHomes.com for more information.

Lee Morof
Associate Broker/Attorney
RE/MAX Showcase Homes
Birmingham, Michigan
www.NorthWoodwardHomes.com
info@NorthWoodwardHomes.com
Call:  248-514-2640