If you are trying to sell your home right now, you could not have picked a worse time.
Not only are homes no where near the value they were even a few years ago, but many people will not even consider buying anything that is priced at fair market value.
This is because of such a large number of foreclosures around the country.
If you are stuck waiting for someone to purchase your home, you could be waiting for a while.
The best option that will help keep you afloat and buy some time is to rent it out.
Renting out a home is the smartest way to go right now rather than trying to sell.
You may not get a fair offer for your home, and will be stuck paying for electric, taxes and insurance while you wait.
By renting you can cover the expenses of the home and if you're lucky even turn a profit.
This will give you time to wait for the market to rebound and your home to gain value again.
Choosing the right tenant is very important.
The wrong choice will not only miss payments, but they can damage the home, costing you thousands of dollars in repairs.
The right tenant would pay on time, and respect the home, not only taking care of it, but keeping things from breaking down on you.
To help chose the best possible person have anyone interested fill out an application form that allows you to check their credit score.
Many owners distrust scores because of the high popularity of credit repair companies.
Credit repair can fix any score in a matter of weeks.
The experts say that you should not view credit repair negatively, in fact it shows that the applicant is serious about keeping a good score.