I'm very surprised by all of the requests that are coming in for rentals within our modestly-sized community. I didn't expect to be getting calls almost daily from people who need a place to go, but can't afford to make a purchase on a home. These people need to rent until they can buy, in many cases.
That said, I don't know if this is really just an economy thing, or if this is pretty much a standard volume of rental requests, no matter what the state of the economy may be at any given time.
All I know is that I have four rental units on my "Available Rentals" list, and more than a dozen requests from folks looking for a place to rent....kind of a lopsided scenario!
I look forward to the day when people are once again able to purchase instead of rent, if it is their desire to be a homeowner, as opposed to being a tenant.
Until then, I foresee people becoming much more familiar with the term "Lease-Purchase" as time goes by while we work as a country to get ourselved straightened out once again. So many people don't understand what a lease-purchase is, both buyers and sellers alike! It is a GREAT solution for many buyers who will be able to qualify for a loan soon AND for the sellers who desperately need to find someone to be inside the home so that it isn't left vacant!
Want to know more about what a Lease-Purchase is? Contact me anytime!