Now that home sales are down and rentals are up it might be a good idea to get more facts about the rental market.
At this time you might decide to rent rather than buy a home for practical and financial reasons.
Lack of liquidity is one of the major problems with investing in real estate.
If you’re on your own, for example, getting together a down payment and managing the expense of a mortgage, taxes, insurance, and upkeep may put too great a strain on your budget. And having all your assets tied up in your home has serious drawbacks. Among other things, it limits your ability to invest enough to meet the other goals that are important to you.
Another reason to rent is a job that keeps you on the move or requires you to relocate periodically. It’s not always easy to sell when you’re transferred or change jobs especially in this market with so much inventory.
The RENTAL MARKET, a topic of great interest now that a larger percentage of the total transactions are rentals vs. sales.
President of EWM Ron Shuffield made a video and he stated; “The goal of this video is two-fold: one is to make sure that we are providing you with current, factual information about topics of interest, and the second is to provide you with an additional marketing tool that allows you to forward these videos to individuals within your sphere of influence. Everyone is clamoring for viable real estate market information today, so we’re confident that they will be well-received”.
Just click below to view this RENTAL MARKET update.
View the video.
Ron thanks for making this great video and I will forward it on to our customers.