Renter expectations

Stuart NesbittOne of the most important roles as a realtor is to set expectations for rental clients with regards to
  • Availability
  • Budget
  • Turn-around
  • Space
Some of the biggest shocks to renters include:
  • Having pets drastically reduces what's available.  Large pets narrow the selection even further
  • Expecting a landlord to keep a rental vacant for over a month greatly reduces your chance of getting the unit
  • Short term leases (less than a year) cost a landlord substantially, both due to lost income from vacancy and the cost of restoring and finding a new renter
  • If you've looked at a half a dozen units and everything is way off the mark, then things are very unlikely to improve.
As a realtor it's important to convey this information.  As a renter it's important that your realize that ignoring your realtor's advice will quickly land you without a realtor.  No one likes to be ignored, but more importantly your realtor doesn't want to waste your time and the realtor's time chasing possibilities that will never happen.

Why buy a home in {Location_Name}?

As found in a Realtor.com® survey of more than 1,000 home shoppers, many young adults are being pushed towards owning a home due to the increasing rentals costs, with 23 percent of those between the ages of 18 and 34 citing rising rents as a trigger for purchasing a home. Realter.com®'s chief economist Danielle Hale explains that even in the current unique housing market with low inventory and high prices, most shoppers still want some classic features. Older home-buyers desire privacy and the ability to age comfortable while millennials emphasize family needs, stability, and personal expression.
Rentals

Stuart Nesbitt

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Stuart Nesbitt is a Realtor® licensed in the Commonwealth of Virginia. His office is located in Fairfax County near the City of Alexandria in Belle Haven. He was born and raised in Northern Virginia and attended Fairfax County schools. Call him at any time to discuss your real estate needs.