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Posted by js3oo082
- January 27, 2011, 09:55:16 PMArticle Source: You are not allowed to view links.
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In a World With Such a Shaky Economy, It Is Ok To Negotiate Your Home Rent
Renting is very affordable in Nampa and there are some great homes for rent.
Rent Your Nampa Home - As we all know, in the last year, Nampas housing boom and the market decline have left many vacant brand new houses up for sale. Credit criteria and strict mortgage rules are making it next to impossible for some people to obtain home loans. Foreclosures are at record levels (thanks to the lovely Adjustable Rate Mortgage) and builders new construction loans are coming due on unsold properties, thus making it hard for builders to keep unsold property on the real estate market. Brand new homes are being placed on Craigslist and in the local papers for rent as a result of this. Do a search on Craigslist. There are hundreds of really nice homes for rent in the Nampa area. All of these home owners are competing for your tenancy.
Do your research and know the area. You would be amazed at the different values people put on their property. Some people base their rates on personal feelings rather than what the market is. Renters are sorely needed and home owners are willing to do anything to get a tenant in their house (i.e. move in specials, incentives, first month free, split up deposits over two or three months, etc.) So make sure you check around and ask about move in specials.
Know what other property is renting for. You are not allowed to view links. Register or Login is a very useful site I found on the net. You put the address of the property in and it pulls up a comparison of all the properties in the area and tells you whether or not the rent is high or low.
Dont be afraid to negotiate rent. Landlords do not want their property to sit empty. If you find a house that you like, but feel the landlord may be asking a little too much,You are not allowed to view links. Register or Login, tell them what your budget is. You would be surprised at how many people will negotiate. I recently called on a very nice home and found that the rent was $1,400 a month. I told the property manager that it was a little out of my budget,You are not allowed to view links. Register or Login, and immediately she told me that owner would have no problem knocking $100/month off the rent. I wouldve saved myself $1,200 a year. One way to think about it is like this, sure knocking a $1,400/month home down to $1,200/month would be $2,400 less over a years time. BUT if the owner doesnt rent their home in two months time,You are not allowed to view links. Register or Login, they are losing $2,800, accumulating at the rate of $1,You are not allowed to view links. Register or Login,400 each month. You do the math
Please feel free to leave any other suggestions, ideas or tips to help anyone out. Happy Renting
About the Author (text)D. Robinson is a long time resident of Nampa, Idaho, and the local editor of www.nampaid.ourtown.com. She provides an outlet for people to post family events and notices and writes about things that concern her as a mother, wife and a citizen of the state of Idaho.
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In a World With Such a Shaky Economy, It Is Ok To Negotiate Your Home Rent
Renting is very affordable in Nampa and there are some great homes for rent.
Rent Your Nampa Home - As we all know, in the last year, Nampas housing boom and the market decline have left many vacant brand new houses up for sale. Credit criteria and strict mortgage rules are making it next to impossible for some people to obtain home loans. Foreclosures are at record levels (thanks to the lovely Adjustable Rate Mortgage) and builders new construction loans are coming due on unsold properties, thus making it hard for builders to keep unsold property on the real estate market. Brand new homes are being placed on Craigslist and in the local papers for rent as a result of this. Do a search on Craigslist. There are hundreds of really nice homes for rent in the Nampa area. All of these home owners are competing for your tenancy.
Do your research and know the area. You would be amazed at the different values people put on their property. Some people base their rates on personal feelings rather than what the market is. Renters are sorely needed and home owners are willing to do anything to get a tenant in their house (i.e. move in specials, incentives, first month free, split up deposits over two or three months, etc.) So make sure you check around and ask about move in specials.
Know what other property is renting for. You are not allowed to view links. Register or Login is a very useful site I found on the net. You put the address of the property in and it pulls up a comparison of all the properties in the area and tells you whether or not the rent is high or low.
Dont be afraid to negotiate rent. Landlords do not want their property to sit empty. If you find a house that you like, but feel the landlord may be asking a little too much,You are not allowed to view links. Register or Login, tell them what your budget is. You would be surprised at how many people will negotiate. I recently called on a very nice home and found that the rent was $1,400 a month. I told the property manager that it was a little out of my budget,You are not allowed to view links. Register or Login, and immediately she told me that owner would have no problem knocking $100/month off the rent. I wouldve saved myself $1,200 a year. One way to think about it is like this, sure knocking a $1,400/month home down to $1,200/month would be $2,400 less over a years time. BUT if the owner doesnt rent their home in two months time,You are not allowed to view links. Register or Login, they are losing $2,800, accumulating at the rate of $1,You are not allowed to view links. Register or Login,400 each month. You do the math
Please feel free to leave any other suggestions, ideas or tips to help anyone out. Happy Renting
About the Author (text)D. Robinson is a long time resident of Nampa, Idaho, and the local editor of www.nampaid.ourtown.com. She provides an outlet for people to post family events and notices and writes about things that concern her as a mother, wife and a citizen of the state of Idaho.
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