Call: (301)943-4370
Email: adambashein@mris.com
Agents have been noticing more price reductions lately in rental properties. It could be that the properties are overpriced; it could be a property condition issue; it could be that it isn't prime rental season though people move all the time for a variety of reasons and it could have something to do with the low interest rates. Have you seen the rates lately, over the last couple of years compared with the early to mid 2000's?! Some investors are worried that would-be renters are tempted and/or able to buy homes with the great interest rates.
Have you ever noticed that the higher interest rates are, the higher the asking prices tend to be for rentals?
While there are situations when one cannot buy, shouldn't you get ahead of the game and buy now with low rates?
If you don't, you could be somebody who keeps investors happy because when rates hit a certain point, the monthly payments might not be where you are comfortable and/or able to make a purchase. The only good renter is mine :-).
If you or someone you know is thinking about relocating, whether it is buying or selling, he/she wants to talk about the market and/or has a real estate question, contact me today. I always have time for and really appreciate support, interest and referrals.
Life is good!
Adam Bashein
Licensed in MD & DC
adambashein@mris.com
Cell: (301)943-4370
Office: (301)469-4700 - ask for Adam
Long & Foster Real Estate, Inc.
information deemed to be accurate but not guaranteed
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