Partly Cloudy
93°F
High: 103°F
Low: 81°F
Currently : Partly Cloudy
23 Jul 2008
> Five-day forecast
 Search
   
 
   

Business Directory
Add your Business
Coupons
Add your Coupon
Classifieds
Add Your Classified
Subject: how long are houses taking to rent?
Prev Next
You are not authorized to post a reply.

AuthorMessages
musicaddictUser is Offline

Posts:80


05/07/2008 1:11 PM Alert 

My husband and I are trying to rent our house in the villages in order to move in closer to where I can get medical help and our realtor said it is taking on average 4-8 weeks.. well it's been almost 4 and not one visit to our house and we are panicking... i heard from another realtor 4-8 weeks is unrealistic, even in the villages.  Does anyone know how long it is taking on average?  I am homebound here since i cannot drive, am very ill and no public transporation.. we like maricopa but wouldn;'t have moved here if we knew my health would decline like this....

thanks for any info

Azgram01User is Offline

Posts:272


05/07/2008 7:16 PM Alert 
You may be asking too much rent for the size home you are renting. Just guessing. Maybe do some research on what other homes (the same sq. footage as yours) are renting for in the area.
musicaddictUser is Offline

Posts:80


05/08/2008 6:37 AM Alert 

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. 

LeonPotterUser is Offline

Posts:390

05/08/2008 9:11 AM Alert 
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.


You may remember this from the original 85239:
Proverbs 22:7
The rich ruleth over the poor and the borrower is servant to the lender.
vinnyUser is Offline

Posts:599


05/08/2008 2:30 PM Alert 
sorry to hear about your health, hope all is well.


As someone who rented during the boom i could imagine right now will be very tough to find a renter. I rented a place in RED. Recently I closed on a house, now my total mortgage payment is only $33.00 a month more than my rent. 3 of my new neighbors just did the same thing.

Its a buyers market, and I think the only people who will be renting either don't plan to stay in Arizona very long, or have such poor credit they can't get financed. With the number of rentals available in copa i would think your chances are very slim to find someone without a sharp realtor and a sweet offer.

Here are a few ideas that would have gotten my attention while i was looking for a rental;

Mention in the ad that the cable is included, many houses here don't. I didn't realize i had cable included until i lived there for 2 months.
Include the landscaping maintenance. Renters generally don't want to deal with it, and this will insure the yard is cared for properly.
Include all appliances if you don't already, as a renter i didn't want to buy appliances to only sell them for much less when i found a house.
Put an ad on craigslist, That's where a lot of people look for rentals here.

Good luck, I hope you get it rented quick.

Follow your bliss. Happiness is a conscious decision
CaliGurl~n~CopaUser is Offline

Posts:293


05/20/2008 12:28 PM Alert 
I agree with Vinny on including certain things in the rent. Cable and the HOA would be a plus. If you already pay for the HOA, usually the basic cable is included anyways. Definitely include the appliances. Maricopa does not have any kind of laundry services, so that makes it hard if the owner were to take the washer and dryer. Also, mention when the house would be available. Is it move in ready, or will the renter have to wait until you move out and find something yourself. There are so many homes for rent, it is as if you are selling your home, you have to appeal to as many as possible just to get a fair amount of possible renters. Good luck.

"Being defeated is often a temporary condition. Giving up is what makes it permanent."
-Marilyn vos Savant
You are not authorized to post a reply.
Forums > Community > Real Estate > how long are houses taking to rent?



ActiveForums 3.6