One mortgage payment is bad enough, but two is sometimes just too much to bear. And vacant homes cause all kinds of problems.
Insurance coverage may lapse after thirty days.
Little problems may turn into big problems, because no one was around to notice. A small trickle becomes toxic mold.
Lawn mowing, leaf blowing, gutter cleaning, snow shoveling – enough to deal with when you live in a home, and a real hassle when you live elsewhere.
Neighbors get mad when the home and yard deteriorates.
The city issues fines for code violations.
Realtors recommend low sales prices, or say they can’t help.
What’s the alternative, renting the home out and risking bad tenants who might trash it?
For those who have had enough, and are determined to stop the double mortgage payments and other ongoing expenses and hassles, other options are available. Our growing network of Annapolis real estate professionals includes people who create custom solutions, with a little flexibility on everyone’s part.
Professional rehabbers who renovate homes for resale, “hard money” lenders who fund rehabbers, landlords who like to have property and tenants to manage, investors who subsidize mortgage payments for a portion of the equity, note buyers who convert seller financing to cash, insurance experts who provide policies for vacant homes, Realtors who bring home buyers and renters, people who want to “rent to own” or buy with a “lease-purchase.”
If you’d like to participate in these ways or others, please get in touch, and let’s see how we can work together to get more of these vacant homes occupied!
P.S. Call me today for all your Annapolis real estate needs.