Real Estate Sales

Posts Tagged ‘Landlord’

Want to enter the housing market in a unique way? Try to make an appointment with your landlord. It’s amazing how many properties are sold by distributors, who never reach their full potential. You know the situation; the landlord is tired of owning an investment property, particularly where the property is in another state or even another country. They have not bothered to keep a regular maintenance and let the property deteriorate over time. As a tenant, you are in a unique position to capitalize on this situation. Imagine that the owner or landlord have decided to seize the property for sale. You know that because the rental agent would have advised you that they want to make a pre-sale inspection. What to do now is to contact the owner or landlord and make an offer. It offers you going to make any improvements on the property one way or another. You can for example be prepared to do gardening or small renovations such as painting walls or even build a bridge. Anyway you have a skill for.

Once you’ve identified how you can add value to the property just to approach the landlord and offering to do better against payment on the sale of the property. This could be through a lease until the sale, an amount agreed by contract law between you and the owner. Your offer may be made by selling or leasing agent, and they can help you make some sort of agreement. If not, you need a lawyer to draft a simple contract. One thing really well this process is that it’s a win-win situation. The landlord will have a better property for sale, which bring them more money. The selling agent has a better property for sale, which makes their job easier and you will earn money for improvements to where you live. An ideal situation all around and that is very doable if you are applying. It’s actually a tool you can use to buy the property, even for yourself. A well presented property could be thousands of dollars over a badly presented that there is no doubt. The key is to identify what you can do to improve the property and have an agent give you an idea how it would be improved through  a great deal.