Renting Apt in a House thats for Sale?

domino · February 2009

Anyone think its a good idea to rent an apt in a house that is listed for sale?

The owner has the larger apartment on top and the one-bedroom is available for $900. Owner won't give a lease. The rooms are huge, heat is included and there is parking.

Since houses move soooooo slowly figure it might take almost a year.

Any thoughts?

bohuma · February 2009

It depends on how much it will cost you if a new owner wants you to leave. It sounds like a pretty good deal, even if you only get to stay there a few months. Take it and sock away as much cash as you can in the knowledge that you will probably have to move when the house sells.

modsquad · February 2009

If you want to be hard nosed about it, the worse case scenario would be a new owner giving you 30 days. You could answer the eviction with a sob story and if the judge was sympathetic he could give you up to 6 months to move.

hitokiri · February 2009

Wow.... I mean, i guess.

Dont make it home or anything. Just use it to eat/sleep. Forget about painting and breaking your back.

Find out how long its been on the market for too and how much he is asking for it.

Also, try to push for a lower rent with the excuse of "hey, it costs money to move"

bikerchic650 · February 2009

why is he selling? i would try to rule out foreclosure/money issues before i make a decision.

dawnc · February 2009

I recently bought an apartment in the Slope and it took 4 months start to finish. Unless someones offering cash, I think thats a normal turn around time and you should both need to give each other 30 days notice anyway.

Renting Apt in a House thats for Sale?

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