Real Estate Blog - Rent for Less?

Home : Blogs : Tony Marriott, Associate Broker, CRP, CLHMS, CRB, CRS ~~ Phoenix Arizona : Tony Marriott's Phoenix Arizona Real Estate Blog

Rent for Less?

In this "interesting" market here in the Phoenix area rental bargains abound. How about a high end upgraded, $850,000, 3,000 sq ft, in a gated community for $1,995 per month?

Too steep? Well - it is on a mountainside lot!

How about a $650,000, 3,200 sq ft home, again in a gated community for a mere $1,600 per month!

I could go on - but I risk making some homeowners cry.

Sound too good to be true? I toured eighteen (18) of them today.

Is it time to rent - rather than own?

----------------------------------------------------------------------------------------------------------------------------

Now - if you think you want to be the first to know more helpful tips:

Click the button below to Subscribe to my Phoenix Arizona Real Estate blog!

Click here to make sure you see future entries on my blog

Scroll down to leave a comment.

----------------------------------------------------------------------------------------------------------------------------

If you are considering a move to Phoenix or Scottsdale, or buying Phoenix or Scottsdale Real Estate, you owe it to yourself to talk with The Marriott Group at Keller Williams Realty Professional Partners to determine whether Tony Marriott is the best real estate Broker in the Phoenix and Scottsdale area to help you buy or sell a home.

http://www.phoenixarizonahomesearch.com/

http://www.marriottrealty.com/

http://www.greaterphoenix-scottsdale-homesearch.com/

Posted by Tony Marriott, Associate Broker, CRP, CLHMS, CRB, CRS ~~ Phoenix Arizona on 07/15/2007 10:39 PM

Comments (11)

rent, own, phoenix real estate, gated, community

Originally posted at: Tony Marriott's Phoenix Arizona Real Estate Blog: Rent for Less?

This post has been included in Arizona Information Maricopa County, AZ Information Phoenix, AZ Information

11 Comments on Rent for Less?

JUL

2007

In my market place that price range would not get you anything special. It sure sounds that there are lots of great rental deals in your area, good news for those consumer who only want to rent.

JUL

2007

Tony,

Apparently it is if you live in Phoenix. Wow, would our renters love to have those rates in Del Norte County. We have a rental shortage and rents that are much higher than that.

Fran

We call them sell lords in Ann Arbor, yes there is great rental deals in Ann Arbor, but nothing like you have !!

Right now, it can be cheaper to rent than to buy because we've had such steep appreciation over the past few years. Rents are starting to go up though and within a year or two everything should be on fairly equal footing again.

JUL

2007

Jennifer - The owners of the properties mentioned above both recently reduced the asking rent by 20% - and the properties are still on the market!

Fran - Sounds like there isn't an over supply of housing there.

Missy - "Sell Lords" - I love it!

Christina - Sounds like a compelling case for a long lease if one is going to rent.

Tony, it does. That's precisely why the property management company that we have allows only 12 month leases at current rents. We are protecting our owners because rents are rising. We have very few exceptions to this (we will take longer term leases at a slightly higher rent, not lower).

JUL

2007

I found your website that captures my interest while searching the internet for particular keywords related to real estates. This is a very informative blog of yours. Keep up the good work. You may also check <a href='http://www.hihcorp.com/'>Real Estate Investments</a> and <a href='http://www.hihcorp.com/'>TIC Investments</a> if it interest you for additional information's. Thank You...

When the market is down, it's time to buy. Especially in PHX where the population continues to grow. I wouldn't cry too hard for these property owners.

This blog does not allow anonymous comments