I am a Relocation Realtor who helps lots of folks moving here from out of town. Usually, I help them buy a home. But, sometimes they need Denver relocation rental homes before they’re ready to buy. So, I am able to offer free professional help to relocation renters too.
There are lots of reasons why relocation buyers need to rent a home before they buy. Sometimes, they just want to try out a neighborhood before they commit to buying. Also, they may need to sell a home and don’t want to wait for it to sell. Or, they might have a problem getting a loan and have an issue to clear up such as bad credit from a medical bill.
Short Supply of Denver Relocation Rental Homes
Whatever reason is causing them to want to rent first, these relocation buyers are in for a shock. The Denver real estate market is so hot that even rental homes are in short supply. The overall vacancy rate now for rental homes in good areas is less than 4%. Because that is the case, it’s difficult to find a home to rent in good condition or in a good location. I know. I’ve helped many buyers with rental properties. They are easily disillusioned after just looking at a few Denver rental homes for relocation renters. Most have poor locations such as on a busy street. Or, they might be in poor condition. And, folks relocating to Denver are often in competition with lots of local renters.
Rent Any Home in the Denver MLS
The good news is I found a solution. I have partnered with one company that lets my renters select a home from the current home listings for sale. You read that right. My renters can actually rent Denver relocation rental homes currently listed for sale in the Denver residential MLS. My partner company will then buy that home to become the landlord and rent it to my customers at market rate. From there, the clients have the option to buy the house after a year. Or, they can continue to rent the home if they prefer at a pre-determined increase in rent.
The program works like this. The relocation renter finds any single family home or townhome that is currently on the market with my help under $475,000. The chances are that the home is already pre-approved from the investor because they use a pre-approval system that is automatically linked to the Denver MLS System. I then reach out the listing agent and explain to them we have a cash offer coming their way and we would like a 30-45 day closing with a quick inspection. Listing agents love these terms. So, we should be able to place the desired home under contract right away. And, the Denver relocation renter can take possession quickly and rent with very reasonable, pre-determined option to buy. Imagine all the listings for sale in the Denver MLS are now available to Denver relocation renters.
Rent With Option To Buy
No matter what this program is a win-win. Since all MLS homes for sale are potential Denver relocation rental homes, they get better homes. And, the customer has options at the end of the lease to leave, re-lease or buy that home. They can end the lease totally without penalty at that time. Or, they can renew the lease at a pre-determined rate. Finally, they have the option to buy the home. Of course, there are applications that need to be filled out like any other lease. And, there is a minimum income and credit requirement. However, these are requirements for any Landlord that is credible and good at what they do.
When I first found this unique program, I was a little concerned that it might not be exactly as advertised. But I was wrong! Yes, I have to do a little extra work for Relocation rental company but not the customer. All they have to do is select the home or homes they want to view. I set up the showings and hope we find a home that would work perfectly for a short period of time or maybe longer!
Denver relocation renters love this program. They get a better home to rent, a greater selection of homes and the option to just the home reasonably at the end of the lease. I am thrilled about this program and so are my relocation renters. Do you have any questions about this program? I can provide all the details. Simply use the contact form below and I will be in touch with you soon.