Leasing High End Homes Until Market Settles Down
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The one thing we face these days is stagnation in the housing market. If you can not sell your home, odds are you can not buy your next home. That is fine for those who want to move and have options out there, but when people are relocating for business it can be pretty hairy.
The high end home market is fairly susceptible to a lack of buyers. So the option of leasing ones home instead of selling it provides a safe middle ground for all parties. It does not stop the sales logjam but it does provide a intermediate solution.
For those who are trying to sell their homes they get an income from the property in the short term allowing them to take the next step. For those who are relocating the ability to move into a home that may be permanent but at least meets their lifestyle requirements is available while waiting for their old home to sell.
It may not be a perfect solution but it does allow the families involved to get on with their lives.
John Creamer, a real estate agent with Century 21 Scheetz who holds the listing on the Golden Hill home, said leasing of homes with asking prices as high as $600,000 is on the rise. “Previously, the only time we would lease a home is if someone was planning to come back to the community,” Creamer said.
“Now there is an increase in the need for leasing because people are moving into Central Indiana and they have a home on either coast or whatever city they are coming from that they are unable to sell. . . . And the sellers (here) are considering a lease to hold on to valuable assets until the market rebounds.” via The Indianapolis Star.
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
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Maybe it was kryptonite...
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I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
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well, the guy was here illegally.
serves him right. 
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