Real Estate Blog - What are your customers/clients doing in the current market? Renting or buying?

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What are your customers/clients doing in the current market? Renting or buying?

An interesting conversation happened to me yesterday. I had to accompany an agent who I worked a deal with before, a really nice guy. He said, "How are thing's going for you?" I said, "Well, I did three rental's this week, people seem to prefer renting right now instead of buying." He said, "Yes, I agree with you...what am I showing now?" It was one of my rentals that I have to accompany on.

Are you finding that more and more people are renting vs. buying in this current market?

Why? They are waiting for the market to change.

Why wait? Rates are low?

What are your customers/clients doing in the current market? Just curious as to your opinions.

http://www.KarenMonsour.com, cell 954-464-4194

Posted by Karen Monsour,REALTOR® Broward,Palm Beach,Miami/Dade! 954-464-4194 anytime! on 04/27/2008 09:45 PM

Comments (16)

customers, clients, current market situation, real estate, karen monsour, realtor, buying vs renting

Originally posted at: Karen@ www.KarenMonsour.com: What are your customers/clients doing in the current market? Renting or buying?

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16 Comments on What are your customers/clients doing in the current market? Renting or buying?

APR

2008

The only buyers I am working with are investors who want foreclosures and "the best deal" they can find to either rent or resale. They are a lot of work, but pretty much all I have at the moment. Take care. Terrie

Karen,

I find the buyers are scared. They see fuel prices soaring to record highs and it's showing up in just about everything we buy.

There are no rentals in my area. Every apartment complex, duplex, and townhouse is filled.

What next??? Will be interesting to see.

I have had buyers, but again, looking for deals, but I have also noticed an increase in rentals, of course, they can turn into buyers!

Terrie,

You know it girl friend, it's a scary time right now. Trust me, I have some investor's as well. The problem that I am finding is they are trying to work with multiple Realtors(R)...

Linda,

Half of my listings that are for sale have decided to try and rent in this market...they are desperate...some for family sitations, not foreclosures...it's a sad situation. Thank you for posting.

Retha,

You are right, keep them close and keep in contact...Everyone is scared right now!

In Central New Jersey, I have been pretty busy with sales. I am also VERY busy with rentals. I have done more rentals in the first few months of this year than I had done in the previous two years combined. Home sales are picking up though.

Lisa,

Good to hear...this is probably your season...Glad to hear the home sales are picking up...thank's for your post!

Kare, it's about 50-50 with me for renters and buyers. Definitely I have more buyers looking, but it's about even with closing deals.

Jim,

You are so right, it's about closing deals. My prayer's are with you and your Mother as well.

APR

2008

Karen- I have clients renting and buying. The clients that are renting are RELOs and have not been able to sell their out of state homes, many being on the market for a year or longer. My buyers are taking longer to find a place or just beginning to look with a home to sell.

APR

2008

That multiple realtor thing is a fun one! Terrie

MAY

2008

Many are entering in lease purchase transcations due to stringent morgage programs. However, this market has no choice but to sift through and find the serious buyers.

Jo Newton

Laura,

It's tough on the one's who have to relo. due to job transfer's if they own a home. They will take a hard hit unless the choose a lease option/purchase in this crazy market.

Terrie,

Multiple realtor?

Josette,

I like that, sift through and find the serious buyers comment. Do you find it difficult to get your seller's to use that option?

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