Friday, September 12, 2008

Has anyone used HomeTenders?

I currently have a listing where the owners have moved out of the home, leaving it vacant.  It's a great home in a great neighborhood, and it's reasonably priced, so we're confident it'll sell (at some point.)  But in the meantime we're exploring other options, and I came across the website for HomeTenders of America (www.hometendersofamerica.com)

Has anyone out there worked with this company before?  Were your results positive?  I've never heard of them, and I'd like to hear a first-hand testimonial if possible.

0709-5a Their business model makes perfect sense, and sounds like a win-win-win.  This is generally the basis for a sound company.  Here's the short version of how it works:

HomeTenders finds and interviews people who are willing to live in vacant homes while they sit on the market.  These tenants agree to professionally decorate the home, and to keep it in pristine, show-ready condition.  In exchange, these tenants get to live in upscale homes in upscale neighborhoods at significantly reduced rental rates.

Here's how I see everybody winning:

Homeowner

No longer has a vacant home.  This reduces the risk of vandalism & other problems.

Can keep insurance on the home.  (many insurance policies won't cover homes which have been vacant for too long.

Reduced carrying cost.  HomeTenders does NOT charge the homeowner, and the tenant pays all utilities.

Increased chance of selling.  Well decorated homes are more likely to sell, and for a higher price.

Tenant

Gets to live in upscale homes in upscale neighborhoods at reduced rates.

For the right personality type, this could be a fun way to live.

HomeTenders

Earns rent from properties they don't own.  (can't get a much better profit margin than that!)

So what's the downside?  I'd love to hear from you.

Your exploring options Realtor,

Chris Butterworth