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I want to sell my house ?

Do you find me a apartment to rent if I give you my house to sell

Asked by Anonymous | Averill Park, NY| 03-09-2022| 862 views|Selling|Updated 3 years ago

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Zoltan PeresztegiReal Estate Agent2 months ago

Yes, and most agents will do it gladly, but the honest answer has a sequencing problem in it that you want to know about before you list. On the simple question: yes. Plenty of agents handle both sides of this, and many brokerages have a rental side or an agent in the office who specializes in leasing. There is nothing unusual about asking your listing agent to help you find a rental, and a good one will treat it as part of the job rather than a favor. Be aware that rental commissions are typically paid by the landlord or the tenant depending on the local market and the building, so ask up front who pays and how much, so there are no surprises. Now the part that matters more. The order of operations. The risk of finding a rental first is that most landlords will not hold a unit for sixty or ninety days, and you may end up paying rent while still carrying the house. The risk of listing first is worse. If your house sells quickly and you have nowhere to go, you are choosing between a bad rental and a hotel with a storage unit. And there is a qualification trap here that people do not see coming. Landlords screen on documented income and credit. A seller between homes often has a large pile of proceeds and no current income to show, and application after application gets declined by a screening system that has no field for "I am about to receive $300,000." If that is your situation, plan for it: expect to offer several months of rent up front, a larger deposit, or a co-signer, and look at smaller private landlords rather than large property management companies, because a human being can weigh a bank statement and a screening algorithm cannot. What I would actually do in your position. First, get a realistic value and timeline for your house from your agent, in writing, including how long homes in your price band are actually taking in your area right now. Second, start looking at rentals immediately, in parallel with getting the house ready, purely to learn the market. What is available, what it costs, what landlords require. You are gathering information, not committing. Third, negotiate a rent back into your sale contract. This is the tool that solves your whole problem. It gives you the right to stay in the house for a set number of days after closing at an agreed daily rate. You close, the money is in your account, and now you are a cash-strong tenant looking at rentals with no deadline pressure. Ask for this in the original contract rather than later, when you would be asking from a weak position. Fourth, if you are downsizing and the timing genuinely will not line up, price out one month of short term furnished rental plus one month of storage. Knowing that number, and knowing you can afford it, turns a crisis into an inconvenience. One more thing. Do not accept an offer purely because it is highest if a competing offer gives you a longer close or a free rent back. On a move like yours, thirty extra days of certainty can be worth more than a few thousand dollars. Note this question is from March 2022, when rental markets and interest rates were in a very different place. If you are reading it now, get current rent numbers for your area before planning around anything above. I am Zoltan Peresztegi and I work Palos Verdes and the South Bay in Los Angeles, so I am not your Rensselaer County agent. But ask any agent you interview the rent back question specifically. How they answer will tell you quickly whether they are thinking about your move or just about the listing. Zoltan

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Keith Jean PierreReal Estate Agent5 months ago

You can find an agent to assist in the agent directory on this website. Keith Jean-Pierre Managing Principal The Dapper Agents Real Estate Operations in ALL 50 States

Maria OttomanelliReal Estate Agent6 months ago
Novice2 Answers

Yes I can guide you to find an apartment or help you find an apartment.

Christopher WilliamsReal Estate Agent4 years ago
Novice5 Answers

Hi Geraldine, Yes typically a Realtor can help find you a rental property. Sometimes for apartment complexes, it might be best going directly with the leasing office.

Marty & Abby ChampagneReal Estate Agent4 years ago
Semi-Pro83 Answers

Has a Realtor helped you yet?

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