Uncategorized October 18, 2010

Buy Vs. Rent Ratios- Seattle ranked #2 to rent!

That on October 8, 2010, Trulia released a report indicating that it is cheaper to rent than to buy in Seattle?

What does this mean for you? If your client wants to rent the property rather than lower the sales list price, this means that there is an excellent chance that rent in the current market will not cover the owner’s costs. Rents are set by the market and cannot be determined by the amount of the owner’s mortgage any more than the sales price can be based on the owner’s total mortgage debt load.