- Location:
- Pennsylvania Montgomery County Montgomeryville
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6,379
It's very tough to get renters off the fence in my area. I listed a home at $300,000, below market value at the time. This was when the market really started to shift in my area, unfortunately - so we priced it agressively. As the weeks went on, we listed it for rent. It's renting for $1450 a month. Property taxes are $7000 a year on the home. The PITI - even with 25% down is still higher than the renters are paying.
If someone could explain to me how to convince such a renter to purchase a home, I'd love to hear it.
1,403,064
6,066
I have been working hard to convince the renters in my area to get out there and buy. I even aggressively advertised a FREE Home Buyer Seminar, but only 5 people attended (1 of which is already my client)!!! How in the world do I get their attention to help them realize the benefits of home ownership? Regardless of the "doom and gloom" being reported in the news, our housing market in Moses Lake, WA is booming and is still affordable! I wonder if all this "news" is scaring our poor renters out of taking any action. This reporting of the housing market needs to be SPECIFIC and help people understand that it is a LOCAL problem (or non-problem) and this general blanket of "doom" needs to STOP.
Rebekah Littlefield
6,379