With the current market being how it is…I often tell potential sellers to rent their home out if they simply cannot stay in it. This is a much better option than trying to sell your home right now in this market. It WILL recover and become much easier to sell a home in at that point. I know that many people are considering selling because a) they are afraid of the market’s continued downturn or b) something changed in their lives that basically force them. However, my advice is to make these last options until the market makes more of a recovery.

With that said though…if you are considering renting out your home…it isn’t as easy and does come with some of its own risks and dangers. I was reading through today’s Realtor.org website and came across some brief but important things that you should consider if you are going to try to rent out your home/condo. …more

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Just a quick post here but I came across a story today discussing the new state law requiring condominium associations to disclose their financial stability. This article ties in well with my post last week dealing with reducing the risks of assessments. Enjoy reading!

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As a Realtor who spends much of my time in the condo market…one of the most important things I review for my clients is the numerous aspects surrounding the home owner’s associations. There are many rules and regulations that must be studied as well as financial reports to be reviewed. No one wants to move into a complex and find out just a few months later that they will have a large assessment against them for a repair in the complex that cannot be covered by inadequate reserves. …more

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