Renting Could Be More Difficult Than Buying Your Fort Worth Dream Home

By
Real Estate Agent with Century 21 Alliance Properties

Renting Could Be More Difficult Than Buying Your Fort Worth Dream Home

 

 

Relocating to a new town, career change or moving out of a parents home are a few reasons many of my recent clients are shopping for rentals in the Fort Worth area.  Little do they know, the process of renting could be more difficult than buying a home in our market this summer.  

rent or buy in Fort Worth

 

Leasing options include condos, new three story apartment complexes with all the amenities as well as single family homes in nice subdivisions.  No matter if your searching for a quite neighborhood or a property in the culture district you may be surprised at the monthly rent you will pay and the requirements for being approved for that rental property.  

 

Most homes that are available for lease have the same perquisite applicants must satisfy before being considered as a qualified tenant.  Yes, there is competition for that cute property you looked at earlier. 

 

Common requirements you should be aware of before considering leasing a home in the the DFW and surrounding area would include the following: 

* First there is a minimum application fee of $30 - $50 per person 18 years and older. 

*  Second most important, combined income MUST equal three times the monthly rent.

*  Properties that do allow pets will require a pet deposit that is usually non-refundable.

*  Many homeowners that have their home listed with a leasing company now require two year leases.

These are common requirements that I have found to be most important.   Your credit history is very important,  you may need to explain any recent credit challenges.  

 

Many clients decide to speak with one of our lenders after viewing a few homes and considering the credit requirements as well as how much money it will cost to actually get in a lease.  If your on the fence about your next move call me to discuss your options.   

 

 

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Topic:
Real Estate Market Trends
Location:
Texas Tarrant County
Tags:
renting
lease
rent house
buying or renting
fort worth lease

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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Melissa Jackson - It is hard to believe that people spend so much on renting!

Jun 17, 2017 10:55 PM #1
Rainmaker
1,627,978
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

One of the hardest things about renting (besides the cost) is finding places that allow pets. It seems most people who want to rent have a pet or two or more, which makes it very difficult to find a home.

Jun 18, 2017 03:43 AM #2
Rainmaker
3,447,312
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Melissa you are so right I just leased a house and the Tenant was so grateful that I convinced the Landlord to take them with a cat and a dog... now you know me I am a pet friendly Realtor and they touched my soft spot... but it took a $1000 extra pet security deposit and pet insurance for another $350....Endre

Jun 18, 2017 10:54 PM #3
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Melissa Jackson

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