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Rental Basics in Hartford County : Real Estate Advice

  • All15
  • Local Info1
  • Home Buying8
  • Home Selling2
  • Market Conditions0

Activity 7
Sat May 3, 2014
Debra (Debbie) Rose answered:
Hard to answer this.......what is your comfort level? you keep your thermostat set to 67 or 72 in the winter? Is it set at 67 or 72 in the summer?
Does it have central air or window units?

How large is the unit? (multi floors or 1 level - 800 sq ft or 1200 - size does matter!)
How well insulated is the unit?
How old is the unit?

You'd be better off asking an agent about a specific complex, as your question is too general to get any meaningful response.

Some rentals can include that will factor into the answer, too.
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Mon Feb 17, 2014
Hector Martinez asked:
Hi I just whent thru a divorce so now im a single mom of 4, need to relocate to another another town due to a harrastment from my exhusband and constant threats. I nead a better life for…
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Sat Mar 16, 2013
lb1373 answered:
Hey Dawn:

Not sure if you are still interested in a 4 bed/3200sqft/3 car garage home in Farmington, but, 15480' rented on 9/1/12 for $4000 per month and I got a couple into a 3519' rental for $3000 per month on 7/1/12. For 2013 three properties rented and the highest was 2412' for $3000 per month in February. I hope this gives you an idea.

However, rates seem to be inching their way up to 4%. The usual indicators are not working. Meaning, when equities go up the 10 yr goes down and rates go up. There have been inconsistencies here as of late. It takes 6 months for a fed change or rally (or whatever makes the market react) to resonate through the economy. I have a feeling the rates will be climbing by June. I hope I am wrong! I, too, own a home and would like to refinance again should the rates go into the 2% range. That said, it is a great time to buy if you are in a position to and if you are not here on short-term basis.

If you would like to talk further I can be reached at 860-481-9728. Feel free to call me.

Linda M. Byrne
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Tue Apr 10, 2012
Anne Miller answered:
Check out your lease lst. It may say in case of a sale lease will be nullified?
(or similar words}But even if it said that most courts will give tenenets more time if they
are having difficulty finding other no worry.

But good news!!..Have you every heard the sentence..."Say Goodbye to
your Landlord.". That was used in previous years when the market
was good for buying..Just like now..You can buy with little or
no money down and your monthly payment will be much lower than
you are paying many instances...or getting something
larger and paying the same as your rent...Call me at 860-647-8000
and we will have a chat.

You will be thanking me and saying...."GOODBYE TO YOUR LANDLORD!"

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Mon Aug 8, 2011
Gino Herring, SFR answered:
Couldn't have said it better myself, Ralph.

Gino Herring, SFR
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Mon Nov 17, 2008
Dan Ross answered:
This is tricky. Derek has a valid point about being proactive. Without knowing where in the process the foreclosure is, its hard to give you a time line. You can check with your count court calendar and check to see the progress of the case. That should give you a sale date. You could also find the banks attorney info there. Call him/her and explain your situation and ask if you can get a status and likely sale date.
After the house is sold, if it sells at auction, it will be up to the buyer what happens next. They may choose to continue renting or they could choose to evict. I don't know what the local laws are for this, that'w where you attorney can best advise you on what a buyer could or couldn't do.
If it doesn't sell at auction, then it is up to the foreclosing bank to decide to rent or evict. Again, this is based on the local laws that pertain.
To summarize, find out what you can about the forclosure and the likely timing, as well as seeking legal advice on what your rights are when that process runs its course.
IAre you or your sister in a position to buy the main house and rent it out? It would be the best way to control the situation.
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