Riding out the market: Some Sellers turn to renting instead of selling

This current market has been challenging to say the least. We have been lucky here in the Denver Metro area not being hit as hard as other major cities in the country. A lot of sellers are feeling the frustration of selling their home now. Those in the higher end price ranges are struggling even more. Often having to reduce their price way below what they thought they would and having their home on the market for several months instead of just a couple. Some of these sellers have turned to leasing instead of selling. Not the most ideal situation but a lot of them are able to recover a part of their mortgage payment and then will look at putting their home back on the market for sale in six months to a year. If you are thinking about doing this you should consult with your real estate professional. A lot of Realtors are willing to help out with the rental process.