The joys of being a renter in this market!

[Effective Demand]

I have become much more sophisticated in my lease negotiations. I have added a stipulation that the home cannot be placed on the market while we are living there. But then my LL stopped paying to try for a loan mod (and got it).

I then added in that a NOD invalidates the lease at my option and a NTS means we don’t have to pay rent (with no rent accruing) until we get our security deposit back.

I don’t want a LL who won’t agree to those terms as they will have a hidden agenda. And we present a upside to them because we have very high FICOs and references.

I now have the ultimate flexibility with my lease, I negotiated all the above over a long term but with a 1 month kickout clause (I pay the equivalent of 1 mo rent to break the lease). I feel that for my particular situation it is ideal. I can make bids at my leisure and know the cost to me if get one accepted.

When you get the homeowner who is trying to wait out the market they are very optimistic/unrealistic so negotiating many of the above terms are a non-issue. This puts you instead of them in the driver seat if the situation changes or they have an epiphany.

[doublewide]

*UPDATE*

Just spoke w/ the realtor (who might read this site – oops, busted). He said the short is on the second, the first is to be paid off. He did confirm that no showings will be done until after Feb. 14th (the start of the last 30 of our lease). He said there was a “situation” with the tenents (me :>)) and that we’re nice but stressed – YA THINK????? When I asked about not getting to see the place till Feb. he said they have two offers on the place already, sight unseen, and that they will be submitting in mid-Nov for a short sale closing in mid-March. So looks like Feb. 14th I’d better be prepared for those who made offers on the place to want to see it – oh joy!

FormerSanDiegan/werewolf….we would have been happy to help them if they’d been in the least bit willing to help us, and all this “tough talk” is meant to be funny…If I don’t laugh, I’ll cry at this point!

tg….that was hilarious!

Effective Demand…we will learn from your example as renting is again in our future…buying is not a good fit as we’re activly trying to get out of SD and have a daughter who will be in college in 3 years so don’t really need “roots”.

Doublewide

[doublewide]

*UPDATE*

Just spoke w/ the realtor (who might read this site – oops, busted). He said the short is on the second, the first is to be paid off. He did confirm that no showings will be done until after Feb. 14th (the start of the last 30 of our lease). He said there was a “situation” with the tenents (me :>)) and that we’re nice but stressed – YA THINK????? When I asked about not getting to see the place till Feb. he said they have two offers on the place already, sight unseen, and that they will be submitting in mid-Nov for a short sale closing in mid-March. So looks like Feb. 14th I’d better be prepared for those who made offers on the place to want to see it – oh joy!

FormerSanDiegan/werewolf….we would have been happy to help them if they’d been in the least bit willing to help us, and all this “tough talk” is meant to be funny…If I don’t laugh, I’ll cry at this point!

tg….that was hilarious!

Effective Demand…we will learn from your example as renting is again in our future…buying is not a good fit as we’re activly trying to get out of SD and have a daughter who will be in college in 3 years so don’t really need “roots”.

Doublewide

[doublewide]

*UPDATE*

Just spoke w/ the realtor (who might read this site – oops, busted). He said the short is on the second, the first is to be paid off. He did confirm that no showings will be done until after Feb. 14th (the start of the last 30 of our lease). He said there was a “situation” with the tenents (me :>)) and that we’re nice but stressed – YA THINK????? When I asked about not getting to see the place till Feb. he said they have two offers on the place already, sight unseen, and that they will be submitting in mid-Nov for a short sale closing in mid-March. So looks like Feb. 14th I’d better be prepared for those who made offers on the place to want to see it – oh joy!

FormerSanDiegan/werewolf….we would have been happy to help them if they’d been in the least bit willing to help us, and all this “tough talk” is meant to be funny…If I don’t laugh, I’ll cry at this point!

tg….that was hilarious!

Effective Demand…we will learn from your example as renting is again in our future…buying is not a good fit as we’re activly trying to get out of SD and have a daughter who will be in college in 3 years so don’t really need “roots”.

Doublewide

[doublewide]

*UPDATE*

Just spoke w/ the realtor (who might read this site – oops, busted). He said the short is on the second, the first is to be paid off. He did confirm that no showings will be done until after Feb. 14th (the start of the last 30 of our lease). He said there was a “situation” with the tenents (me :>)) and that we’re nice but stressed – YA THINK????? When I asked about not getting to see the place till Feb. he said they have two offers on the place already, sight unseen, and that they will be submitting in mid-Nov for a short sale closing in mid-March. So looks like Feb. 14th I’d better be prepared for those who made offers on the place to want to see it – oh joy!

FormerSanDiegan/werewolf….we would have been happy to help them if they’d been in the least bit willing to help us, and all this “tough talk” is meant to be funny…If I don’t laugh, I’ll cry at this point!

tg….that was hilarious!

Effective Demand…we will learn from your example as renting is again in our future…buying is not a good fit as we’re activly trying to get out of SD and have a daughter who will be in college in 3 years so don’t really need “roots”.

Doublewide

[doublewide]

*UPDATE*

Just spoke w/ the realtor (who might read this site – oops, busted). He said the short is on the second, the first is to be paid off. He did confirm that no showings will be done until after Feb. 14th (the start of the last 30 of our lease). He said there was a “situation” with the tenents (me :>)) and that we’re nice but stressed – YA THINK????? When I asked about not getting to see the place till Feb. he said they have two offers on the place already, sight unseen, and that they will be submitting in mid-Nov for a short sale closing in mid-March. So looks like Feb. 14th I’d better be prepared for those who made offers on the place to want to see it – oh joy!

FormerSanDiegan/werewolf….we would have been happy to help them if they’d been in the least bit willing to help us, and all this “tough talk” is meant to be funny…If I don’t laugh, I’ll cry at this point!

tg….that was hilarious!

Effective Demand…we will learn from your example as renting is again in our future…buying is not a good fit as we’re activly trying to get out of SD and have a daughter who will be in college in 3 years so don’t really need “roots”.

Doublewide

[CA renter]

Sounds like you’re going to be okay, Doublewide. Nice!

I agree with Effective Demand. That is a GREAT strategy.
—————

Effective Demand,

Would you mind posting a copy of your agreement here (with identifying material left off, of course), so that other renters could copy your idea? I think this is a very wise move on your part.

[CA renter]

Sounds like you’re going to be okay, Doublewide. Nice!

I agree with Effective Demand. That is a GREAT strategy.
—————

Effective Demand,

Would you mind posting a copy of your agreement here (with identifying material left off, of course), so that other renters could copy your idea? I think this is a very wise move on your part.

[CA renter]

Sounds like you’re going to be okay, Doublewide. Nice!

I agree with Effective Demand. That is a GREAT strategy.
—————

Effective Demand,

Would you mind posting a copy of your agreement here (with identifying material left off, of course), so that other renters could copy your idea? I think this is a very wise move on your part.

[CA renter]

Sounds like you’re going to be okay, Doublewide. Nice!

I agree with Effective Demand. That is a GREAT strategy.
—————

Effective Demand,

Would you mind posting a copy of your agreement here (with identifying material left off, of course), so that other renters could copy your idea? I think this is a very wise move on your part.

[CA renter]

Sounds like you’re going to be okay, Doublewide. Nice!

I agree with Effective Demand. That is a GREAT strategy.
—————

Effective Demand,

Would you mind posting a copy of your agreement here (with identifying material left off, of course), so that other renters could copy your idea? I think this is a very wise move on your part.

[KCTxr]

Effective Demand, I agree with CA renter. I might be needing your strategy really quick.

[KCTxr]

Effective Demand, I agree with CA renter. I might be needing your strategy really quick.

[KCTxr]

Effective Demand, I agree with CA renter. I might be needing your strategy really quick.

[KCTxr]

Effective Demand, I agree with CA renter. I might be needing your strategy really quick.

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