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Best Property Manager in Houston discusses why you are having a tough time selling your #Houston property and why you should consider #renting it as a reasonable alternative..
With the start of the new year, I have noticed a trend in the type of questions I am getting when a fellow #Houstonian calls. The call goes something like…”my house has been on the market for a couple of weeks/months now and since I can’t find a buyer, I want to try and rent it out - how does it work and what do you charge?”
There is a reason why this is happening and I want to share this info with you. The housing market is on the decline. That’s the answer.
With interest rates going up and set to go up again at some point this year, this is going to affect a buyer tremendously. Depending on the type of loan, the hike in interest rates it can cost buyers thousands of dollars - simply just for the downpayment needed to purchase with an FHA loan @ 3% down or a conventional which is traditionally 20% of the sales price.
With homes already hitting record highs at the end of 2018, that only leaves one to wonder how high the prices can go up…before they come back down. I personally have noticed similar patterns in the industry comparing to the last recession in 2007-08.
Anytime you have a down market, the only other option for someone (for most) is to #RENT!
Call me today and I can discuss how easy it is to be a #landlord.
To see some of our #RentalsInHouston, visit http://www.houstonpropertymanager.com/houston-homes-for-rent. Call us or visit us today at:
Flat Fee Landlord Houston
13201 Northwest Fwy Suite 777
Houston, TX 77040
Find out why #FlatFeeLandlord is the #BestPropertyManagerInHouston