Does it seem that this site is mostly used by consumers looking for rentals?

Most of the property inquiries are rental units.
(0) | asked by: Mike Grumbles | share | 36 months ago | Report

Answers

Viewing Answers 1 - 6 of 6
answer by Mary Brown   |   Visit My Website   |   Contact Me
Yes...I agree that most inquires are for rental properties. I believe it's due to all of the homeowers who have lost their homes due to short sales, foreclosures or job loss. This causes former homeowners to seek rental homes in the same areas especially when children have been attending the same schools for several years. This reality it causing a shortage in rental homes especially in the Brentwood, Franklin and Spring Hill areas. Potential new residents to the area, thinking that they will rent something until they know if they are going to stay in Middle TN or they decide what area in which they want to live, tend to become tenants instead of buyers. New residents to the Nashville area don't know these facts and are watching HGTV thinking that they can have their pick of rental properties without a problem. Many new residents not only want to negotiate rental amounts but they also want renovations and upgrades made to rental properties before they move in. We've had many properties listed with our office rental department that have had several potential tenants actually bidding up their monthly rental fees just to get into a particular school district or area of Williamson County. I think it's just a sign of the times but as those of us who have been through many cycles of real estate know, this too will change.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Tennessee Mortgage   |   Visit My Website   |   Contact Me
Could be they do not realize they can buy instead of renting( interest rates are awesome. Maybe they are not aware of the low down payment loan programs, most times a 1st time buyer can buy a home cheaper than renting. Most landlords want 1st and last month's rent plus a security deposit, most 1st time buyers can in into a home for $500 or less. If your thinking of renting call a lender first and they wil let you know what you can buy.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Dot Norman   |   Visit My Website   |   Contact Me
Also, the same question seems to come to my e-mail three times for each question. Dot Norman
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Dot Norman   |   Visit My Website   |   Contact Me
Yes. Most of my contacts have questions regarding rentals.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Alice Sweatman   |   Visit My Website   |   Contact Me
Yes! That is all I seem to get!
0
0
Answer Helpful?
36 months ago  |   Report   |   share
answer by Debbie Henderson   |   Visit My Website   |   Contact Me
I agree! It may just be a sign of the times.
0
0
Answer Helpful?
36 months ago  |   Report   |   share
Please read Homes.com's Questions & Answers Community Guidelines.