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Katy Foltz's Blog

By Katy Foltz Gillis | Agent in Atlanta, GA

RETURN OF THE RENTAL MARKET

Lately, I have been fortunate enough to go on many different listing appointments and I finding that everyone is in the same position. They purchased their home for $10,000, $20,000 and even $50,000 more than what the home is worth now. But guess what, they need to move or have lost a job,etc. I am not in the business of listing homes. I am in the business of SELLING homes. I do not think it is fair to the owner of a home if I just stick a sign in their yard if I don't think it has a chance in selling. SO what a lot of my sellers are doing right now is putting the home on the market for sale and for rent. Most all of them really just need to cover their mortgage or even just get most of it covered by a tenant. A few years ago, the rental market was pretty slow, but I have seen a major increase in rental listings. Also,I work with a great property management company that can help my sellers keep their tenants in check and make sure they are taking care of the home once they are in it! What a great way to SHIFT with the market and see the opportunity within it.

The Real Estate Market is ever-changing!!

Comments

By David & Samuel Rifkin,  Tue Apr 16 2013, 08:09
Thank you for this great information.

Samuel Rifkin
The Rifkin Team


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