Home Selling in Mendon>Question Details

Amber, Home Seller in here

I own a home in mendon, vt. It's literaly on the border of killington, vt. I'm thinking of renting it out for

Asked by Amber, here Mon Aug 4, 2008

a year round rental. How do I price the home? It's a 4 bedroom 2.5 bath beautiful home with a gorgeous view of Pico mountain. The market is terrible and we original wanted to sell it. But we're forced to rent it out now. Please help on how I should price this home. Here's the site if you'd like to see it. http://www.vthome4sale.com.

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You might want to repost this question in Vermont. You have it in Michigan now.
0 votes Thank Flag Link Tue Aug 5, 2008
Maureen Fran…, Real Estate Pro in Birmingham, MI
Hello. I looked at your website and the house does look great. I recommend talking to a local realtor to see what year round rentals are going for in the area. You may be able to also get some idea from on -line sites for rentals by brokers and by owners (think Craigslist). Unfortunatley, because I am in MA, I am not aware of the VT sites - hopefully a local agent on Trulia will chime in.

Clearly, I understand why you want a year round tenant, particularly as the property may get a bit more wear and tear if it were rented as a seasonal ski house and was crammed full of skiiers. However, this seasonal rental option may be viable and profitable one if the year round rental market is more depressed. You may just want to inquire to see what the numbers look like.

I am sure whomever you contact locally will advise you of this as well, but do check out your prospective tenants well - get references and actually call them, have a credit report pulled, have them fill out a thorough rental application and verify the information that you can. Good luck and hopefully you will soon hear from some local agents. Andrea
0 votes Thank Flag Link Tue Aug 5, 2008
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