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Today I was talking with a woman who is relocating to Charlottesville and is looking for a Rental.

I asked the question:     why are you looking to rent vs buy?
 
She had the Perfect answer:       I will only be living in Charlottesville for about 2 years

Bravo!!!

Imagine if more people had this answer 3 years ago.... our country may not be in the current mess.

 

About The Author

Charles McDonald, Associate Broker at RE/MAX Assured Properties and dedicated Buyers Agent is the author of this blog, and several other sites on the Internet. Charles and his group of experts in the Charlottesville area are always available to help you with your Real Estate needs. Call our group anytime at 434-981-1585 or to search for homes visit: Charlottesville Real Estate

Copyright © 2009 Charles McDonald, All Rights Reserved.

Rent vs Buy, I got the call today...

 

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Charles McDonald
PRINCIPAL BROKER
Charlottesville Real Estate
Solutions for Buyers and Sellers
(direct) 434-515-1585

Charlottesville Real Estate Solutions
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8 Comments on Rent vs Buy - the perfect answer...

SEP
05
2009
276,126 Points 1 Featured Post Outside Blog

Charles, so very true! 
8:16pm • #1
649,189 Points 29 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

Charles, There are times it makes sense for someone to rent vs. buy.  That was the case for a gentleman I talked to today.  In his price range he would have had to put a lot of money in to any home to make it live-able. Without a lot of cash he is better to save for a few years and then buy.
8:49pm • #2
338,166 Points 18 Featured Posts Called Shot Master

Hi Charles,

Most relocating company executives just rent here now instead of buying.  Their employers don't want to worry about selling in 2 - 4 years.  We get quite a few high end rentals here in Oakville because of the proximity to Toronto.  Many agents don't want to be bothered with doing rentals but they pay the monthly office expenses.
9:59pm • #3
1,008,046 Points 208 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Hi Charles!  We're having trouble finding rentals for executives here because many are only planning to reside here for 12 - 18 months.  Why buy when you can rent though, right?!

Have a great Labor Day weekend...

Debe in Charlotte
11:21pm • #4
SEP
06
2009
538,546 Points 6 Featured Posts

ToulaRosebrock,com

Hi Charles:

That's a great answer...

Much better than the usual one I hear, "because my credit stinks"...
7:43am • #5
SEP
07
2009
707,232 Points 24 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

For years, NORDSTROMS would only allow their new store executives to rent and not buy because they wanted them to be MOBILE. The thrill of appreciation is now outweighed by the agony of being unable to sell a home in a down market.

As for rental home inventory in our area, there are less than 65% of the # of homes for rent this year as we had last year at this time in our area MLS....I have less than half of the # of homes for rent THIS year as I had last year at this time.....however, owners who are attempting to rent their properties themselves are still making the mistake of EQUATING the rent they should ask with their mortgage costs....unfortunately, there is no relation in this market and the WIN is getting a good tenant ASAP so that the cost of utilities and upkeep stop.
11:38am • #6
SEP
08
2009
176,333 Points 8 Featured Posts Attended Rain Camp

I think that even if someone is qualified to buy they should still rent for about 5 or 6 months when they move to a new area so that they can find their way around and get the right neighborhood fit for them.
10:05pm • #7
SEP
11
2009
449,690 Points 5 Featured Posts Localism Sponsor Outside Blog

Charles,

In some cases, renting is the choice.  It's nice to see that some people are able to admit that they need to rent instead of buy.  And I agree, if only they did this several years ago.

Brigita
7:57am • #8

This blog does not allow anonymous comments
 
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Charlottesville Real Estate

Charlottesville, VA

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Charles McDonald 434-515-1585

Address: Charlottesville Real Estate Solutions, 2013 Woodbrook Court, Charlottesville, VA, 22901

Office Phone: (434) 515-1585

Cell Phone: (434) 981-1585

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At Charlottesville Solutions we work with buyers and sellers who are looking for "Solutions".

We deal in New Construction including Land, Farms and Estates. As a top Buyers Agent. Learn about Albemarle and wonderful neighborhoods and areas like Ivy, Keswick, Glenmore and Old Trail just to name a few.
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