Tagged : renting your home
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Monday, April 13th, 2015 at 1:35pm. 3320 Views, 2 Comments.
In the current housing market, some people find it difficult to sell their homes. Downsizing to a house payment that is less than the amount that they are currently paying can be the only option for a homeowner whose home simply isn't selling. Rather than taking a significant loss on the value of their home, many sellers opt to rent out their home rather than sell it at a reduced price to buy themselves some time. This scenario isn't all that uncommon across the country. Many homeowners have become unwitting landlords, even if it's only until they can sell their home in a more favorable market.
Know the Local Rental Laws
Most homeowners would rather not become landlords, but if it's the only viable way to avoid taking a huge hit when they sell their…