Posted By musicaddict on 05/08/2008 6:37 AM thanks azgram! Actually, we've done research and our home is priced very comparable to others similiar in our subdiviision. In fact, we just added 1/2 off month rent incentives and others to help attract buyers. I just think our realtor fed us a line of poo, as another (very prominent) realtor told me 4-8 weeks is unrealistic in this market with so many rentals out there. I believe you're just in a rough patch to find renters. One can't sell a home at any price if no one is willing or able to buy. The same holds true for finding renter(s). The common take with the downslide in homeprices was that former homeowners would be new renters. This may be the case, but Maricopa had many "investors" to begin with that had homes that were never lived in. The homeowners that did live in their homes are choosing to leave Maricopa. So there is an excess inventory of homes for sale and homes for rent. Like anything,yours could rent today or 6 months from now. I believe one would have to lower the rent to find where the attraction is. But, that's easier said than done when there is a mortgage note to keep an eye on,too. Try doing a month to month if you haven't done so. This gives potential renters the flexibilty to come and settle down. The may only be planning on being there a few months, but one thing can lead to another. I speak from experience. We rented in CA with the idea of 4 months maximum. Well , 4 months became 2 years. We had a month to month the entire time. |