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The Rental Market is Upfront These Days!

Jacki Ferko • June 19, 2024

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Right now we are seeing huge activity in the rental market.  We are finding that pricing seems higher and landlords are much more conscientious than ever about vetting potential tenants.  I'm sharing some information that will give you a better perspective on what the Landlord may be looking for in a tenant.  Be sure that most times, real estate agents are not doing credit checks, they are going through automated "rent check" apps.  That removes us from dealing directly with the people who are actually performing the credit check therefore being "precise" as well as "concise" and honest is the best way we can approach a credit check.  I do, however, speak directly to the listing agent.   I generally do the credit checks personally for my clients.  I want to hear from the client and, on occasion have spoken directly to the potential renter if authorized by their agent!

If you are in the Market for a Rental!  It's  a good read! Long, but Great Info!  Hit me back if you read it and let me know if it was helpful...please!

https://www.rent.com/blog/what-do-apartments-look-for-on-credit-checks/?WT.mc_id=112110036&gad_source=1&gclid=CjwKCAjwg8qzBhAoEiwAWagLrEZjC1QHzzwIxBQjvWLYlIdcjin1uhDY9MQDPgjrXnQ21Drl8aqVPhoCdFgQAvD_BwE

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Straight Source Real Estate Brokerage is highly invested in the communities it serves. Our broker, Jacki Ferko, has over 30 years in residential and commercial contracting and 15 years residential and commercial sales, leasing and property management. She carries a Short Sale and Foreclosure (SFR) designation, among others, and provides a consultative approach to determining the best outcome for homeowners who may be facing home retention challenges. Are you possibly facing, under distress, a decision to dispose of a home that you may be under water with? Is everyone telling you about “Short Sale”? An inherited estate on probate and facing distributing proceeds to heirs? A partitioning through divorce? Is foreclosure an imminent fear? A vacation home or investment you can no longer afford and the fear of loss will ruin your credit? Please call us first...don’t wait, no judgement, THAT MEANS WE DO NOT JUDGE YOUR SITUATION, WE SCRAMBLE TO ASSIST....your SFR agent is the first person to look to for help. Call Straight Source Real Estate Brokers, LLC 240-882-9270 ...let’s meet IMMEDIATELY! Distressed WITHOUT Equity Are you facing distress? That is, are you going through a divorce or relocating, and you don’t have equity in your home? Don’t stress, you have options! Straight Source Real Estate is a Designated Short Sale and Foreclosure Professional accredited by the National Association of Realtors. Short Sale or Foreclosure might be a good fit if you are upside down or in fear of losing your property. Click here to send us an email . Someone will reach out immediately to provide information on what your options may be. Don’t wait for the last minute. The more time you have for planning, the better your result. Bottom line, you are not in this alone. You have options, you have Straight Source. Straight Source will work with realtors who may not be qualified to do the job...and every party to the transaction is considered. Attention Realtors: Feel free to give Straight Source Real Estate a call before recommending your seller contact their mortgage company. Although it is important to talk with them, Straight Source Real Estate recommends exploring options before entering into any agreement. Some realtors may recommend calling a real estate attorney. Straight Source also associates with qualified home retention attorneys that have the knowledge and experience and to perform the legalities of your situation. Generally at no additional charge to you. Your attorney acts as the legal administrator of your short sale or foreclosure, however, the Real Estate agent or REALTOR such as Straight Source Real Estate Brokers, LLC, will handle the business end of the real estate aspect. Properties with Equity Great news! Your home is paid off, but it may be dated, in disrepair. Or you have inherited it via estate. Did you know Straight Source Real Estate has a HOME PURCHASE PROGRAM that is right for you. Here’s how it works: our team works with investors (buyers who purchase with the intent to repair and resell). We also invest in properties as a company. So, if Straight Source Real Estate has an interest in purchasing and repairing your property, we will be transparent. Be cautious: some home buyer programs will work with a contract offer to you that includes a contingency to resell your property before you even settle on the sale. If the property is not sold by the home buyer company on the retail market by your closing, the home buyer program can sometimes cancel the contract they have to purchase your property. Straight Source Real Estate Purchase Program Our team will do a thorough assessment of your property identifying items in disrepair and denote other aesthetic items to prepare it for sale in the current market. 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