Rents are heating up quickly and no sight of slowing down due to the demand from consumers according to Realtor. com. For families or individuals that don't want to buy or think renting is cheaper than buying may be setting up themselves for a different reality.
Now in days it is more common than not for rental properties to be gone quickly, why? because properties are receiving multiple applications, therefore the owners have the upper hand and are choosing the best applicants to move forward with. Many renters think that the process of renting is easier than buying but reality is not. Credit matters, employment longevity matters, background history matters, and on top of that all be prepare to content with all the fees associated with renting such as application fees, cleaning fee, pet fee, admin fees, which amount to hefty.
What to expect when looking for a house to rent according to Realtor.com states: http://www.realtor.com/news/rents-rise-hottest-pace-six-years/ "Annual rent inflation hit 3.5% in November — the hottest growth since November 2008 — up from 3.3% in October, the Bureau of Labor Statistics reported Wednesday."
There are various financing option for first time home buyers, to find out more contact me and let's get you to become a homeowner! Stop wasting money on someone else mortgage and start building equity!!!
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