Attentive readers may remember I’m looking to relocate while I work on a project in a semi-remote location. I’m currently in the midst of negotiations with the homeowners of a nearby property I would like to rent while working on the project. At first, I thought I could handle keeping the house on the market. When I really considered it, I’m intensely private and clean, and there is no way I can have strangers noodling around in my stuff and shedding errant pubes. Plus, I don’t want to deal with the insecurity of worrying the house will sell and force another disruptive and expensive move. The owners are considering a counter that keeps the house off the market for one year for a generous amount of rent. They expressed an interest in unloading the house. Between you and I, the house has been on the market for three months with no offers and just a handful of showings. If it is going to sell, it will sell before Labor Day, but I seriously doubt it will sell at all without a drastic price cut. It’s a quirky overpriced house with a weird, obviously-not-to-code staircase. I’ll take it as a rental, but it’s obvious to see why it hasn’t ignited much interest in the market or yielded any offers. Now, I’m contemplating what to do if they decline our offer. (No hard feelings if they do). Do I upgrade to an overpriced rental or buy something cheap and fix it up? A fixer upper adds value to my investment, but diverts funds from my central project. A posh rental also adds up, but is move-in ready, completely fresh, and low-maintenance. The third and final option is whether I can make my current abode work for a little while longer? Even though my LL (fairly and modestly, but annoyingly) raised the rent? I hate it here, and I hate to hate where I’m living. We’ll see what happens with Mr. an Mrs. Homeowner from above; maybe they’ll come to their senses and see my offer for the money making opportunity it is for them. Because trust, that house will sit on the market stale for another year until they make an embarrassing price reduction or rent it to someone else less tidy and dependable.
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