K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

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Rentals to Sell?

October 08, 2020

 

   If you are watching the news these days, you will notice that the media has covered several stories regarding the Eviction and Foreclosure moratorium enacted by the Federal and State Governments.

While the reasons and merits could be debated, there is one thing that will happen.

The Real Estate market will be affected in one way or another.

To this note, let’s look at a possible scenario that may be a benefit to those of us hoping to buy a home in the next 12 months, but have had trouble finding the right home.

I can’t help but believe that there will be landlords, who have barely survived this payment drought, who will be looking to sell their once cherished rental properties, so they may return to nights of uninterrupted worry-free sleep.

This may be an opportunity for buyers who have had a limited inventory to choose from.

In order to take advantage of the coming changes, it may be prudent to get your ducks in a row.

Have your lender pre-approve you for financing and have your down-payment and closing fees ready to go.

The time to get this started is not when the opportunity presents itself, but before.

When opportunity and preparation meet, great things happen.

Mick Kuehn

Southern Breezes Real Estate


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