Amy, Home Seller in Kennesaw, GA

Should sell, lease or rent the home in kennesaw?

Asked by Amy, Kennesaw, GA Tue Sep 2, 2008

I own a house in Kennesaw and wondering if I should sell, lease or rent. It is 3200 sqf, built 2002, front brick traditional, excellent condition (fixed all minor issue, new carpet and paint out &in), 10 minutes to 75, very convinient location for shopping & restaurant, school is not good much.

I have questions - is lease or rental market better now as resale market down much this year? is good idea to hang all signs (buy, lease, rent) in front yard? How long does it typicall take to get buyer, leaser or renter?

Thank you for your all help.

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Answers

5
Hi Amy -

Why are you leaving the home? In my opinion that makes a difference.

Most of my clients are moving up so they have to sell to move into the next home. A few that could hang onto their homes tried to be landlords and they have learned what a headache that can be. Bottom line is that being a landlord is not something most people will find appealing - there are too many reasons to go into it here. There are benefits for the long term, but understand you have to run it as a business - a very effective and bottom line business - and that might include booting your renters. Understand as well that renting will typically mandate updating when renters leave. Usually paint and carpets need work or replacement - sometimes additional maintenance as well.

If you do rent, the AJC is a great place to post as is Craig's List. Agents typically charge a fee for inclusion in the MLS. A lost thought - it would be very wise to touch base with a management company that can screen your renters - verify everything!

If we can help, drop me an email. If you want an opinion of value we can also do that -

Hank Miller, SRA, ABR
Associate Broker & Certified Appraiser
678-428-8276
1 vote Thank Flag Link Mon Sep 29, 2008
Good answer.
Flag Sun Aug 11, 2013
Hello Amy, yes it is a tough market but homes still do sell. Considering that you have spent time and money to prepare the home for sale, I would suggest you offer it for sale. On the flip side if you are asking for rents $1800 and under you may rent it quicker, taking into consideration average sale time in the area is about 4 to 6 months. A triple take won't hurt a thing so I say offer all and take the best offer scenario. Let me know if I can provide further assistance. Good Luck as you decide on the path to follow.
Web Reference: http://www.estherayuk.com
1 vote Thank Flag Link Wed Sep 3, 2008
Hi Amy,
I agree with Hank with regards to leasing/renting. Many people do not know what they are getting into and it turns into an expensive nightmare. If you decide to go this route it will be in your best interest to screen credit, criminal and tenant history for each adult that will be living in the proeprty. There are websites where you can register and have each potential tentant sign on and pay for their own background checks and the information will be sent to you.

It is my opinion that we still have enough peak marketing time to sell your home this year. Homes with great curb appeal, that are well maintained, and/or priced right are still selling! Interest rates are on the rise, so many people would like to purchase before the rates go up much more, as an increase in interest rate (and increase in values) will bring down the amount available to them for financing. Also, if you want to purchase another home, now is the time. (in my opinion). Again, interest rates are still good and and home values will continue to increase. It just makes sense!

Obviously your decision would be based upon your home's current market value, how much equity you have in your home, as well as how much you would need to purchase your next home, or for your move.

You can definitely list your home for sale, lease or lease purchase and see which happens first.

Please feel free to contact me with any questions you might have or for help determining your home's current market value, based upon recently sold comparable homes, condition, location, etc. I'm happy to help.

Kind regards,
Michelle

Michelle Miller
REALTOR®
RE/MAX Town & Country
0 votes Thank Flag Link Sun Jul 21, 2013
The sales market is good and getting better, but currently I am doing more lease/rent business with no slowing down till around January time frame. If you would like to discuss your rental options let me know.
We offer more than just a sale option for your home. Try our property management option. http://www.assurancepmg.com
0 votes Thank Flag Link Mon Aug 24, 2009
Amy,
This is not the best time to enter the market (with the holidays around the corner, etc.) however, homes are selling as long as they are priced aggressively. My suggestion is to market your home as both a possible rental or sale. Price it GREAT, stage it perfect, and it will get attention! Let me know if have any additional questions.
Jackie Taylor
jackietaylor00@gmail.com
404-934-4088
0 votes Thank Flag Link Sun Sep 28, 2008
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