My New Blog

Our town hasn't been hit too hard by the recent mortgage crisis, but there are still some effects to be felt.

With money drying up, a lot of people that would've previously qualified for risky no longer have access to financing. However, they still need somewhere to live. That's where rentals are coming in.

If you're looking to buy, something you may consider with your existing home is leasing. There are even lease to purchase programs where the lease payments (or part of them) go into an escrow account and contribute to the purchase price of the home. You can even agree to a price at the beginning of the lease.

One other thing to consider when there are more and more rentals in neighborhoods that previously didn't see rents is that rental comps may be more in the picture - so don't leave those out when determining what your home is worth.

Thanks!