Real Estate Word -- Should I Sell or Should I Rent Now March 2009   

Hi Paul,

The market's low prices and exceptional mortgage rates offer great opportunities for buyers.  Homeowners who are upsizing sometimes wonder though if they should rent out their old home while waiting for the market to improve.  Our first article highlights some of the pros and cons this difficult decision poses.

 

Watching a person’s body language can help you detect if they're lying.  This is a great sales tool that's also valuable in everyday life.  Our second article offers some tips that'll help turn you into a human lie detector!

 

Finally, soups are extremely healthy and inexpensive to make. This month's issue includes a delicious recipe for roasted sweet potato and red pepper soup so enjoy!

 

Thanks so much for taking the time to read this month's newsletter.  Please let us know if you have any questions or comments regarding the articles or real estate in general -- we always look forward to hearing from you!


Your friends in Real Estate
Rudi & Trish W.

In this issue...
Should I Sell or Should I Rent Now 
If you want to take advantage of the market's low prices and exceptional mortgage rates and upgrade your current home but don't want to sell at a loss, there may be another option.  A number of homeowners are riding out the current market by renting their properties; however, there are a few drawbacks to consider.

As with any major decision, you should carefully weigh up the pros and cons based on your situation.  You'll want to do a long term, in-depth financial analysis calculating potential costs and losses to determine if it makes financial sense.  Here are a few pros and cons to renting out your home:

 

Advantages

  •  If the rent's higher than your monthly costs, you'll earn additional income.
  • You’re able to increase your equity as the market recovers while your tenants pay your mortgage.
  • There may be tax advantages.  Contact your tax advisor as laws vary depending on individual circumstances.

Disadvantages

  • Being a landlord isn't always easy -- you’ll need to detach yourself emotionally from your old home.
  • The rent may not cover your monthly payments such as mortgage, taxes, utilities, insurance, etc.
  • The future's uncertain.  You may get a great tenant who always pays their rent but that could change.
  • Tenants won't treat your home with the same level of care you would so when you decide to sell, it may not be in great condition.

If you’re thinking of renting out your old home, make sure to weigh up the pros and cons and consider the various scenarios.  If renting's a viable alternative, you'll need to treat it like a business so ensure you evaluate the local rental market and research the landlord/tenant laws before beginning the process.  If on the other hand, you decide to put your home on the market, your real estate agent can offer you advice on how to sell your home quickly and for top dollar.

The Language of Lying 

Imagine being able to tell if someone's lying to you -- what an invaluable skill!  A person's body language often speaks more about what they're thinking than their actual words.  One of the most effective ways to determine if someone’s lying is by examining subtle gestures. Here are a few tips that'll help turn you into a human lie detector:

  • A deceptive person will avoid making eye contact.

  • Liars will mispronounce words and stutter due to tension.

  • Truthful answers often come quicker than non-truthful answers.

  • Covering the mouth and rubbing the nose and eyes can indicate lying.

  • Their body will take up less room and movement will be stiff and limited.

  • Showing palms is a sign of honesty so people who are lying often put their hands in their pockets.

  • Liars welcome a change in conversation resulting in their body language becoming more relaxed.

People will occasionally exhibit some of the above behaviour when they're telling the truth so individually, they're only indicators but when linked together, it’s likely the person's lying.  Detecting deceit isn't always easy as some people are better liars than others but their body language almost always tells the truth.

Sweet, Satisfying Soup 
Canned soup doesn't even come close to the taste or nutrition of homemade soup.  Despite being so delicious, sweet potatoes are actually one of the most nutritious foods you can eat as they’re loaded with vitamins A and C, potassium, iron and antioxidants.  We've included a recipe for roasted sweet potato soup that's simple and delicious.  Here’s what you’ll need:

  • 1 lb of sweet potatoes, peeled and diced
  • 1 red onion, sliced
  • 2 red peppers, halved
  • 2 cloves of garlic
  • 1 tbsp of olive oil
  • 2 cups of vegetable stock

Preheat the oven to 400 degrees. In a roasting pan, drizzle the olive oil over the sweet potatoes, onion, garlic and red peppers and bake for approximately 45 minutes.  Next, place the cooked vegetables in a blender and puree with some of the stock until you achieve the desired consistency.

 

Once you're done, just heat the soup up in a saucepan and season with salt and pepper.  You can always add some crispy bacon or sausage if you want to make it more of a hearty meal.  Soups freeze well so make a double batch – you'll be grateful next week when you're wondering what to make for dinner!




PS Oh by the way, we always appreciate any of your introductions.  If you know of anyone that may benefit from our individualised help please contact us with their name and number and let them know that we will be in touch.  We would be privileged to assist them!
 
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