The classic real estate phrase “now is the time to buy” is not a one size fits all model for most in today’s market.
Seller-turned-renter could be the new norm at the height of today’s housing boom and could help solve the inventory problem. Many are selling their property for a high price, giving them significant cash in hand and moving into long and short-term rental properties.
We are seeing historical demands for homes during this time. Renting may be a great alternative to buying. There are some great options out there.
Take Advantage of the Seller’s Market
Home prices have soared over the past year. Inventory is low and demand is high. We’ve worked with Sellers to get top dollar for their home now and transition temporarily to a rental, while taking time to find their next home.
We know that owning a home comes with a lot of responsibilities such as repairs, maintenance, and lawn care, among other things. These unexpected costs may come as a surprise. When you rent, the landlord will typically take care of these things.
Finding your forever home in this fast-paced, competitive market can be extremely stressful. We are learning that many people are just ready to get out of their home that they’ve been quarantined in for the last year. We think renting a home could give you that fresh start, while taking the pressure off needing to compete in this market.
Our real estate advisors are here to help walk you through the process. Whether you’re considering a purchase or would like to take advantage of this seller’s market, we can assist you every step of the way.