It's been an interesting real estate year so far and as prices goes up, there is an increase of first-time landlords entering the market. Typically, if a homeowner want to buy a new house, they would sell the old one and use the equity as a down payment. Especially for homeowners who move out-of-town.
With rising rents, there is a new approach. Buy a new house. Keep the old house and rent it out.
Perhaps this is one reason why there is limited inventory for homes for sale.
If you would like a complimentary rental market report for your property, contact us.
With rising rents, there is a new approach. Buy a new house. Keep the old house and rent it out.
Perhaps this is one reason why there is limited inventory for homes for sale.
If you would like a complimentary rental market report for your property, contact us.
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