This has been my mantra for several years...many property owners who sell THEN want to RENT because they want to stay MOBILE and they wany to KEEP THEIR OPTIONS. Many of our area homeowners who are going to rent when they move, KEEP their local property and not hassle with trying to sell it BECAUSE our area's rental market is so GOOD!!!
Renting Can Mean Freedom
by Michelle Carr-Crowe and the Get REsults Team, Top 5% Silicon Valley real estate agent & San Jose home selling specialist
As a real estate consultant, my job is to help people clarify their values, explore their options and make educated choices in line with those values.
Sometimes the right choice is to rent instead of own.
I'm probably one of the only real estate agents who will actively explore this option with a potential buyer. I consider it part of my service. How can a buyer truly know if ownership is better for them than tenancy if they don't look at both options?
For example, a Cupertino, Calif. home with a new monthly $3,000 mortgage is primarily comprised of interest, which is still tax-deductible. Assuming about 90% of it is interest in the first year, twelve months at $2700 is $32,400 in deductible interest. If the same property is rentable at $2000 per month, the monthly amount is less but there is no big tax deduction at the end of the year.
Sometimes the freedom of renting, knowing you can give a 30 to 60-day notice and move on if relocated can give a person peace of mind that offsets the financial benefit of the tax deduction.
Also, almost any home purchased in these times will require significant down payments (with the exception of low-down FHA and VA loans).
When you or someone you can about wants to explore ALL of the options, just call 408-252-8900.
Aloha & God bless you,
Michelle C. Carr-Crowe, DRE #00901962, and the Get RE$ult$ Team (established by the late Judy Carr) are known as the "Lynbrook and Cupertino Schools Experts." Michelle is a creative catalyst for positive change in people's lives.She is a Silicon Valley-based multi-million dollar real estate consultant who works by referral only. Her designations include: Accredited Buyers Representative (ABR), Accredited Luxury Home Specialist (ALHS), Accredited Staging Professional (ASP), Certified Distressed Property Expert (CDPE), Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES). In addition, she is an internationally-published freelance writer with over 1,000 traditional articles in print and online, as well as over 51,000 blog posts on Blogger, ActiveRain, MySpace, FaceBook, Realtor.com, Trulia, RealBird and others. She enjoys reading, traveling, animals, dancing, staging and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com or www.lynbrookhighhomes.com. For RE$ult$ ... Just Call ... (408) 252-8900.
Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.
"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous