Q: We had to put our rental property on the market to sell because our tenants stopped paying and we fell behind on our mortgage payments. We have not received a purchase offer yet and we ran out of money to pay for repairs or even cut the grass. What should we do? Leonard, West Milford, NJ A: If you don’t have the money to make any home improvements then that’s not an option. Now that you’ve decided to sell your property, it doesn’t make sense to pour a lot of extra money into improving it. However, since you do not have any purchase offers, you should consider either 1. lowering your asking price or 2. spending a few hundred […]
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