Would owners who are trying to sell their homes be interested in leasing their homes instead?

Asked by Kim Jones, Alpharetta, GA Thu Dec 5, 2013

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Mark Laycock, , Alpharetta, GA
Thu Dec 5, 2013
You must be having a hard time finding a home to lease in Alpharetta.
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0 votes
Karen Roszyk, Agent, Alpharetta, GA
Thu Dec 5, 2013
Hi Kim,

Most owners want to sell their homes and right now the market here in Alpharetta and the Atlanta area is strong. If Seller's home's are in good condition and priced well, many are receiving multiple offers and even getting well over list price the first day or two they are on the market. This has been due to very low inventory and pent up demand from buyers.

Many owners are not willing to become landlords because of time, expense, and often distance (they may have moved to another state). There is no guarantee for them that their home will be maintained and cared for once rented and then it can be costly to fix once they do put it on the market. However, with that being said, if a home is sitting on the market for a length of time and is not selling due to condition or location (perhaps backs up to a busy road) or other externals, then a homeowner may consider renting out the property if they can afford to do so.

Hope this helps!

Kind regards,

Karen Roszyk
"A Reputation for Results"

PalmerHouse Properties & Associates
5755 North Point Parkway, Suite 16
Alpharetta, GA 30022
Office: 404.876.4901
Cell: 770.355.7833
0 votes
Tim Moore, Agent, Kitty Hawk, NC
Thu Dec 5, 2013
Not most of them. Unless you sell it you can't pay off the mortgage and unless you have a load of cash around, to be able to put down on the next home, you have to sell and really sell so you get the money needed to pay off the mortgage. Most sellers need to sell to move on to the next house.
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