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The current state of the U.S. real estate market has proven to be a challenging one for those involved. Buyers are reluctant to purchase homes because they believe time will further reduce prices on homes. Sellers are challenged because of the small number of qualified buyers ready and willing to make a deal. What's a seller to do?
Jersey Coast Properties is well-positioned to work with these types of landlords. With a rental process in place that includes everything from screening tenants, collecting rents, paying bills, coordinating repairs, etc. landlords can count on our firm as an experienced rental partner. Contact us today for more information about renting your home!
Here are some interesting articles about accidental landlords: Money Magazine, September 2007 www.money.cnn.com/2007/09/04/real_estate/accidental_landlords.moneymag/index.htm
Wall Street Journal, April 2007 www.realestatejournal.com/columnists/housetalk/20070423-fletcher.html
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Many
home sellers have become accidental landlords. They take their homes off
the market and bide their time by renting their houses, sometimes to potential
buyers waiting for home prices to fall. This allows homeowners to move
along with their life plan and obtain an income source to pay their mortgage.
Maybe until such a time when it becomes profitable to enter the market again.