Sunday, March 4, 2012

Denton Rental Homes (Part 2)

If you read last week's blog, you may remember that we discussed setting up an online search to see all the homes that meet your criteria. At this point, I should tell you that not all the homes on the market are going to show up on your online search.  Online searches from Realtors just contain homes that are listed on the Multiple Listing Service (MLS) This is the best source of homes for lease available but it doesn't have everything.  Many homes for lease by owner won't be on there if the owner doesn't use a Realtor to list a property.  You can find these homes in the newspaper and on Craigs List and on a few other services.  It seems like the less expensive the home, the less likely it will be on the MLS.  But the MLS will definitely be the best place to start.  So we've set up a search and found a few homes at the right price and in the right pla?ce that look pretty good.  Now what?

The easiest (and I think the best) thing to do is call your Realtor (I hope that's me!) and tell him which homes you want to see and when you are available. The agent will set up the appointments and go with you to view the homes. He will find out the answers to any questions you may have about each home and give you advice and opinion about the properties.

You can also go to the homes by yourself and call the number on the sign out front.  The agent you talk to can't lie to you or discriminate against you and has to abide by Fair Housing laws and not commit Deceptive Trade Practices, but they are also prohibited from giving you advice and opinions because they owe their fiduciary responsibility to the owner of the home.

Your Realtor may be able to assist you with homes for lease by owner or by property managers that aren't listing their homes on the MLS but this will vary with each home.  Realtors representing tenants normally get paid from the commissions that the owner pays to the listing agent and tenants get the services for free.  This may or may not be the case with homes not listed on the MLS.  You should discuss this with your agent before you go looking at homes.

Now that you've done all this, hopefully you have found a home that fits your budget and your needs.  The next step is what we will discuss in this blog next week! Go check out my website at www.RealEstateDentonTX.com or call or text me at 972.987.0295.  You can also email me at Eric@CuddRealty.net.


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