Elevate Realty

Raising the Standard in the Luxury Rental Market

  • Home
  • Contact
  • About
  • Privacy Policy
  • Sitemap
You are here: Home / Archives for Real Estate News

Short-Term Rental Property Tips

January 4, 2023 By Dan Leave a Comment

Are you considering buying a house to use as a short-term rental property? It can be a lucrative investment, especially in areas with a high demand for vacation rentals. However, it's important to do your research and carefully consider all the potential costs and challenges before making the leap.

short-term rental, Daniel Terry, Real Estate With Dan

Table of Contents

  • Finding the Best Location
  • Short Term Rental Management
    • Maintain The Property
    • Proper Insurance
  • Conclusion
  • Questions

Finding the Best Location

One of the first things to consider is the location of the property. Is it in a popular tourist destination, or a city with a strong job market? These factors can significantly impact the demand for rental properties. It's also important to research local laws and regulations regarding short-term rentals. Some cities have strict rules and may even prohibit them altogether.

Once you've found a suitable location, it's time to start looking for a property. It's important to choose a property that is well-maintained and in a desirable location. This can help attract renters and ensure a high occupancy rate. It's also a good idea to consider the size and layout of the property. A larger property with multiple bedrooms and bathrooms may be more attractive to families or groups of friends, while a smaller, more intimate space may be better for couples.

Short Term Rental Management

Once you've found the perfect property, it's time to start thinking about how you'll manage the rental. You'll need to consider how you'll handle bookings, payments, and communication with guests. There are several online platforms that can help with this, such as Airbnb, VRBO, and HomeAway. These platforms charge a fee for their services, but they can help streamline the process and make it easier to manage your rental.

Maintain The Property

In addition to managing the rental, you'll also need to consider the costs of maintaining the property. This includes things like cleaning, repairs, and any necessary upgrades. It's important to set aside a budget for these expenses and to be prepared for unexpected costs as well.

Proper Insurance

Another important factor to consider is insurance. It's important to have proper insurance coverage in case of any accidents or damages to the property. You may need to purchase additional coverage specifically for short-term rentals. It's a good idea to speak with an insurance agent to determine the best coverage for your specific needs.

Conclusion

Finally, it's important to be prepared for the possibility of periods of low occupancy. Even in popular vacation destinations, there are typically slow seasons when demand for rentals is low. It's important to have a plan in place for how you'll handle these times and to have a financial cushion to help cover any losses. Overall, buying a house to use as a short-term rental property can be a great investment opportunity. However, it's important to do your research, consider all possible costs and challenges, and have a good plan in place to make sure your business is a success.

Questions

Does Seattle Allow Airbnb?

real estate with Dan,real estate

If you have an operator's license you may operate up to 2 dwelling units you own as short term rentals. If you operate two dwelling units as STRs, one must be your primary residence. The other may be located in another dwelling until you own it.

How Do I Get My Airbnb License in Seattle?

down payment assistance-real estate with dan-Daniel Terry real estate agent/broker-Bellevue

You can apply for a license online through the City of Seattle. The license costs $75 and is valid for one year. Once you obtain your Airbnb operator's license, you'll need to add it to your listings on Airbnb.

Does Airbnb Pay Better Than Renting?

investing in Seattle or Tacoma Multi Family Properties

Overall, Airbnb yields a higher nightly rate than traditional renting. Some hosts have even reported that they are able to triple the amount they would have made with traditional renting.

Filed Under: Real Estate News Tagged With: property management, Real Estate, short term rental

Another Housing Market Crash 2022

November 30, 2022 By Dan Leave a Comment

housing market crash

The latest interest rate increases by the Federal Reserve and the hype about the housing market crash, the truth is that it is not the Federal Reserve that is controlling interest rates. The Fed is merely trying to keep up with soaring inflation. The Fed has raised interest rates five times in the last 12 months, and there are more planned increases this year.

Table of Contents

  • Prices are Likely to Drop Before Leveling Off
  • The Housing Shortage
  • New Builds are Slowing Impacting Future Supply

In recent years, the average American household has been able to borrow a little less than 3% of their income toward a mortgage. But that rate has more than doubled in the past year. Mortgage rates are now nearing 7%.

This is the first time in more than a decade that the average American has seen rates this high. The Fed hopes that elevated interest rates will spur a housing slowdown. Those rates are causing a housing slump that's affecting home sales across the country.

Despite the Fed's efforts, housing activity is still slowing. Mortgage purchase applications are at their lowest point in more than two years. There's also a significant amount of foreclosure activity. This means more homeowners are struggling to make their mortgage payments.

As a result, the Fed is preparing for more interest rate increases, which will further slow down home sales and the housing market. There are two more 75 basis point rate hikes scheduled for November and December. The Fed expects that the housing market will slow down next year.

In the short term, the mortgage rate spike will spur a slight increase in inflation. But the real effects of the Fed's actions will be felt with lag. This is because the Fed is backing off of buying MBS securities. In fact, implied 10-year Treasury forward yields are flat over the next five quarters.

The Fed has taken the first step to taming inflation by slapping a 75 basis point hike on interest rates. However, the Federal Open Market Committee has also taken the next step, announcing a 3-point hike in the federal policy rate in 2022.

The Fed's actions are slowing the housing market, which is good news for housing investors. Home prices are now being pulled down by the forces of supply and demand. As a result, it will be easier for big investors to buy more single-family homes. However, as housing demand continues to weaken, prices could still fall in the near future.

Prices are Likely to Drop Before Leveling Off

Despite a year of record home prices, the housing market is cooling. The housing supply is nearly 57 percent of the level it was at the beginning of the year. This increase is partly due to a higher number of listings and longer sales cycles.

While a mild housing market correction is unlikely, a recession could lead to larger home price declines. Oxford Economics estimates that employment levels are the key factor in determining the severity of a downturn.

If unemployment levels rise, more homeowners will be forced to sell their homes. This could drive prices down faster, though.

Many homeowners who have owned for extended periods of time have amassed a significant amount of equity. They may finally get a chance to sell their homes and get some relief from the surging prices.

The strong labor market should increase the chances of a benign correction. Many aspiring homebuyers have delayed purchases in hopes of lower mortgage rates. However, high borrowing costs and a deteriorating economic outlook may keep buyers from buying.

The housing market is still very much overvalued, according to Fitch Ratings. It predicts that 89 percent of the nation's major metro areas are overvalued.

Moody's Analytics expects home prices to decline by 10 percent in the next few years. The company analyzed 322 regional housing markets and found that all but four would see a home price decline.

Fannie Mae's Economic and Strategic Research group expects single-family home sales to fall by 2.4% in 2022. The ESR group predicts home price growth to be 7.6%.

Goldman Sachs, in a report last week, predicted that home prices would drop by 5% to 10% over the next year. The firm's model predicts that prices will level off and stabilize around March 2024.

While many analysts have forecasted home price declines of 20%, a recession will likely lead to much larger drops. Zillow and John Burns Real Estate Consulting have predicted home prices to fall by 10 percent in the next six to 12 months.

Despite the forecasts, economists believe that the housing market will not crash in the next few years. However, mortgage rates could climb to 8.5%. In addition, demand for residential real estate is weak in many cities across the U.S., which will reduce the supply of available homes for sale.

The Housing Shortage

Despite the fact that the housing market shortage isn't new, it's not necessarily the only reason for the recent drop in home prices. A number of reasons have contributed to the recent housing market correction, including a slowdown in construction, increasing interest rates, and affordability challenges.

According to Up For Growth, a Washington-based group focused on the housing shortage, supply was decreasing in about 75% of the nation's metro areas. The group analyzed data from the U.S. Department of Housing and Urban Development and the Census Bureau.

The group found that in addition to the lack of housing, the United States is also having a problem with houses being built. This is because construction stopped after the housing crash.

According to the study, the nation needs about 1.6 million more homes to make the housing market more affordable. This deficit is especially acute for millennials entering the market. It's also likely to have consequences for the health of the national economy.

According to Goldman Sachs research, the housing market will experience a decline in the amount of home sales this year and will continue to shrink through 2022. However, the research firm predicts that housing market activity will start to pick up again in 2024.

Goldman Sachs' research project shows that home prices will grow at an average annual rate of 3.8% over the next five years. This rate of growth is a bit lower than it was last year, but it's still higher than in most recent years.

Despite the recent decline in home prices, the housing market shortage isn't going away. According to the National Association of Realtors, the supply of existing homes is 2.4 months. The housing shortage has remained a problem in several big metro areas over the past decade.

While the housing shortage isn't going away anytime soon, a combination of external factors should flatten the bubbling market. This will eventually lead to a healthier balance between buyers and sellers. However, it will take years to close the deficit.

Eventually, a healthy housing market will provide more affordable housing options for excluded households.

New Builds are Slowing Impacting Future Supply

Despite recent growth in housing prices, the demand for new homes is expected to continue increasing. Supply-chain constraints are still keeping the supply of housing below the level required to sustain demand. This will keep prices high for the foreseeable future.

The housing supply chain is not as efficient as it was prior to the COVID-19 pandemic. This has hampered home builders' ability to scale up construction. In addition, labor shortages have increased. This constraint will keep housing construction slow, but is unlikely to significantly influence demand.

New home permits declined in April for the fifth straight month. Permits were down 3.2% to 1.819 million units in April. The decline is likely due to a drop in housing starts. This was accompanied by a drop in single family housing starts. Single family starts decreased 3.9%, bringing the total decline in the housing starts sector to 7.3%.

Permitting activity for new construction increased slightly in October. Permits for buildings with two to four units rose 8.2%. In addition, permits for single family homes increased 2.7%. This represents the highest rate of housing starts for the five-unit or greater category since April 1986.

Despite the growth in construction activity, the demand for housing remains high. This is evident by the increase in new listings on Zillow. The median price to cost ratio remains at 2.84 in 2013, which is above the minimum profitable production cost (MPPC). The Wharton Residential Land Use Restrictions Index is the same magnitude as Saiz's elasticity measure.

Housing construction is largely a function of interest rates, but the supply chain is strained by low productivity and high labor costs. A lack of affordable housing has stymied many would-be homeowners. This has contributed to the higher prices for new homes. Moreover, the rising price of land has driven up total costs.

A backlog of housing projects has also grown. The Commerce Department reported a record backlog of houses to be constructed. This indicates that home building has been undergoing a transition.

Home prices are likely to continue rising in the near future, but at a slower rate than in recent years. There will be less new housing construction in the near future, which will also affect the price of housing.

Filed Under: Real Estate News Tagged With: Economy, Housing Market, Investing, Real Estate

Website Page Speed Matters A lot

March 16, 2021 By Dan Leave a Comment

website page speed and power

A sluggish website discourages individuals, and they will certainly switch to your competitors if they are not happy with your website page speed. With this fast-evolving buyer actions, one cannot risk ignoring the importance of website page speed.

Below we talk about a couple of details regarding why website speed is important which will certainly help you understand why website speed plays an essential role in meeting the website performance standards:

Table of Contents

  • What is Website page Speed and why does it matter?
    • Importance of Website Performance and Speed
    • – The first impression is the last impression
    • Straight Impact on Google rankings
    • Website Page Speed Optimization
    • Bottom Line
    • Website Load Time Statistics: Why Speed Matters in 2021
    • Exactly how does mobile compare to desktop computer surfing?
    • What are the most common troubles on mobile?
    • Just How Website Page Speed Impacts Your Business
  • The typical website page loading time was 5 secs in 2016 (for comparison, this website loads in .69 seconds).
  • Around 40% of internet individuals are more than likely to desert a website it will take greater than 3 seconds to load.
  • Virtually 50% of customers expect a site to load in 2 seconds or less.
  • 70% of the individuals who find your website speed slow will most probably never return to your site ever again.
  • About 45% of the users will share their poor experience with the web page speed as well as website loading with others.

What is Website page Speed and why does it matter?

Web page rate or website speed indicates how much time a web browser takes for loading completely functional Pages from any kind of website.

Websites or web pages which take too long of a time to load in a browser can wind up driving the customers away. At the exact same time, websites which load promptly will get more web website traffic causing far better conversion rates.

Importance of Website Performance and Speed

– The first impression is the last impression

Your website's first impression is really important for determining exactly how your business and also brand name will be perceived by the customers. Customers or internet site visitors make an immediate judgment regarding the business on the basis of their experience with the website.

If your website is a fast loading page, you've quickly constructed a solid impression. A fast loading website thrills the user and also makes them happy as well as completely satisfied. It's basic psychology that customers believe that fast websites are a lot more reliable as well as professional. People have been known to connect fast websites with efficiency.

At the exact same time, a sluggish website is looked upon as dangerous and also untrustworthy. Once the users build this negative impression, after that it ends up being hard to change their minds. If they experienced slow-loading websites, virtually 80% of on the internet buyers have concurred that they will not trust the website.

Straight Impact on Google rankings

Your website page speed straight influences your Google online search engine ranking. Google has self-confessed that they intend to ensure that the internet is extremely quick, conveniently available, and extremely useful.

Google has been utilizing website page speed as one of the crucial ranking signals in their formula since 2010. The site speed exposes how fast a site reacts to the web requests placed by the individuals.

The Google recommended page load time for internet sites both on desktops and smartphones is much less than 3 secs. Nonetheless, it claims that the actual average loading time of the sites currently is around 22 seconds.

The search engine giant knows that if people are served slow loading sites, it will certainly have a negative effect on the user experience, so it gives high importance to site speed while setting their positions.

A slow-loading website can force website visitors to leave the website and go back to the search results and end up visiting the website of your competitor.

Website Page Speed Optimization

Websites page speed optimization need to be a top priority for any website owner. The speed of your website dramatically affects your site's SEO (seo) and also bounce rate. Bounce rates are determined as the number of single-page sessions of zero-second duration divided by the overall number of page sessions on your website. As you can see, a high number of zero-second page hits suggests that individuals aren't waiting for your site to load prior to them leaving.

Bottom Line

Think of your very own browsing routines. If you would certainly not wait around for a web page to load, why would you expect your customers to do so? They would not either. That's why it's crucial to comprehend that every customer that leaves your website is possibly a lost sale.

Website Load Time Statistics: Why Speed Matters in 2021

website page speed matters
Sources:LoadStorm, Econsultancy

A one-second page load time makes customers really feel trouble-free and also in-control. But after 10 seconds, their focus is hardly maintained, and also they are not likely to visit the website ever again. As the seconds increase, so does the bounce rate. What decreases is the customer's patience and trust!

slow website speed increases bounce rate
Source:Pingdom

Exactly how does mobile compare to desktop computer surfing?

In a 2018 study of website traffic, mobile phones made up 58% of site visits and 42.3% of complete time spent online. Even more people search on smartphones than on desktop computers, although the customer experience is still better on desktops:

desktop vs mobile
Source: Perficient

What are the most common troubles on mobile?

60% of mobile net individuals claim they've run into at the very least one problem while browsing within the last 12 months. Of those mobile customers, the amount has run into a site that …

  • Was also slow to pack? 73%.
  • Crashed, froze, or received a mistake? 51%.
  • Had format that was difficult to read? 48%.
  • Didn't work as expected? 45%.
  • Simply had not been available? 38%.

Just How Website Page Speed Impacts Your Business

Site speed can affect every little thing from sales to internet search engine performance, meaning ecommerce websites will actually pay the price for delays. A 1-second page hold-up might cost you $2.5 million per year in sales if you're running an ecommerce website that makes $100,000 per day.

website page speed and business
Sources: Neil Patel, Radware, Think with Google

Exactly how website speed rate influences sales.

Any type of sluggish website, ecommerce or otherwise, will see an increase in bounce rate and a decline in time on the website. Also, just a 1-second delay will …

  • Reduce web page views by 11%.
  • Decrease customer satisfaction by 16%.
  • Reduce conversions by 7%.

The profits losses resulting from slow website speeds will certainly be quite damaging if you're attempting to make sales online. But take a look at how much improvement you can make by speeding up site speed by simply 0.1 seconds:.

increase website page speed increase sales
Source: Deloitte

How website page speed affects customer commitment.

Speed additionally impacts just how your business will fare versus the competitors. 79% of online customers who have a bad experience are less likely to buy from the same website again. While 64% would only buy from a different online store.

website page speed builds customer loyalty
Source: Akamai, Radware

Exactly how website page speed affects Search Engine Optimization.

Content and importance still rule if you want to rise in the SERPs, but website load time is a Google ranking signal, so you need to speed up your pages to get a better shot at success in search engine marketing.

Yet why is website page speed a ranking signal?

Due to the fact that Google says that the user comes first– and also as we have actually seen, slow load times mean disappointed customers. Google's research showed that the bounce rate was boosted by 32% when a web page load time went from 1 to 3 seconds, as well as by 90% when the page load time went from one to five seconds. If a website takes up to 10 secs to load, after that the chance of a bounce rate increases to 123%.

Customers invest even more time on an internet site when its web pages load faster. In fact, users go to 8–9 pages when website load time is two seconds or less, versus just 2-3 web pages if load time is 8+ secs.

If you need help speeding up your WordPress website, contact me here. It doesn't matter what market you are in as long as it is a WordPress website I can speed it up for you. Below are some screenshots of this website and most likely I can do the same for you. I'm not cheap, but I'm not out of line. You will be happy with what I can do for your WordPress website.

alexa website info
GT metrix speed test
google speed test desktop
google speed test mobile

Facts and some pictures from here

Filed Under: Real Estate News Tagged With: website page speed

Down Payment Assistance

March 5, 2021 By Dan Leave a Comment

Down Payment Assistance: Just How to Obtain Help To buy a House

First time home buyers can apply for down payment support through state and regional programs. Grants and also forgivable funding are readily available.

If you want to become a home owner, but you do not have enough money for a down payment, a local or state down payment help program may be able to help.

A lot of states as well as several areas and cities offer grants as well as no-interest loans to help new house buyers spend for down payments and closing costs.

Table of Contents

  • Down Payment Assistance: Just How to Obtain Help To Buy a House
    • How do down payment assistance programs function?
    • The demands for each program vary, however besides being a new home buyer, you generally should:

How do down payment assistance programs function?

The help comes from state real estate financing agencies as well as city and area federal government programs focused on meeting inexpensive real estate requirements. Usually the programs are used in combination with home mortgages geared to novice house buyers.

The types of shutting expense as well as deposit assistance differ by program. Typical forms useful consist of:

Grants. Some programs supply a straight-out present of money.

Zero-interest, excusable loans. The financing is forgiven over a particular duration, such as 5 years. The cash does not have to be settled as long as the consumer still owns and also lives in the residence after the period more than.

Zero-interest, deferred-payment funding. Terms and conditions vary, but generally no payments on the down-payment and closing costs funding are due until the home is sold, the mortgage is refinanced, or the term of the loan is up.

Low-interest financing.

The loans must be paid back over a specific duration, such as one decade. They make homeownership extra obtainable by spreading the down payment and closing expenses over multiple years.

down payment assistance-real estate with dan-Daniel Terry real estate agent/broker-Bellevue

Who can get down repayment support?

Most deposit aid programs are for new buyers, but don't count on your own out if you've ever owned a residence. The programs generally specify a newbie buyer as one that hasn't possessed a house for the previous 3 years.

Some regional programs target certain groups, such as instructors, policemen, emergency situation responders or city workers, while others are open to professional repeat buyers.

The demands for each program vary, however besides being a new home buyer, you generally should:

Take a home-buyer education program.

Meet earnings restrictions. Numerous programs are geared to reduced- and also moderate-income citizens, so a debtor's family revenue needs to be below a specific threshold.

Acquisition in an accepted location.

Keep listed below the maximum home acquisition rate, which is generally a percentage of an area's average house acquisition cost.

Contribute several of your own money towards the purchase.

How to look for mortgage deposit support
Right here's how to begin:

Explore help programs used by your state's housing finance firm. See newbie home buyer programs by state to learn more about programs where you live.

Consult your city and county to see if they provide any regional grant programs for novice residence customers. For instance, three loads of Texas new home buyer programs are provided in cities and regions across the Lone Celebrity State.

Go to the website of the local government agency or organization administering the program to get a list of accepted mortgage loan providers and to find deposit help needs.

Look for a mortgage with a lending institution who is authorized to collaborate with the grant program. Regional agencies may be able to suggest lending officers who have experience helping individuals get the grants they carry out.

If you have any questions about the down payment assistance program, please contact me here, and I will help you find a program that will work for you.

Filed Under: Real Estate News

House Buying Process

March 4, 2021 By Dan Leave a Comment

How to Find Your Dream Home

There are many things to consider when you are looking to buy a house, from finding an area that matches your needs, to what features you need in your home. Among the most important aspects, however, is to discover a property agent you trust.

An excellent representative will help you find the best house for you, as well as help work out a price that is fair to you and the seller. They will likewise stroll you through the entire process from start to finish, so you understand what to expect, and when. The house buying process can be a complex and long one, so having somebody to direct you through it can be one of the most crucial steps.

Table of Contents

  • How to Find Your Dream Home
    • Selecting The Right Property Agent/Broker
    • When Writing an Offer, things to Keep in Mind
    • How Much Can I Anticipate to Spend for a Single-Family Home?
    • What to Do If Your Offer Gets Declined
    • After Your Offer Gets Accepted
    • Your Home remains in Escrow Waiting to Close
    • Congratulations, You Are Now Homeowners!
    • Search the MLS

Selecting The Right Property Agent/Broker

You have a number of decisions to make in the house buying process. One of the most important is picking a realtor, the individual who will assist you discover the house that's perfect for you. With all the different real estate agents in your area, how do you pick?

House buying process

Choosing the right real estate agent to help make the process better can make the difference between a difficult one and a smooth one. Before you begin your search, do some homework on what to search for in a realty agent, and after that use these pointers to choose the best one for you and your household.

The first thing is that you require determining what you are searching for. You should understand what you can afford, your goals, and your lifestyle. You ought to also understand the number of rooms you want, along with the community you want to live in. You likewise require considering how long you will stay in your house.

It's time to make a deal as soon as you have chosen on a house you're interested in. The seller has the right to accept the offer they like best if there is more than one deal on the home. This means you will have to persuade the seller that your offer is the best one out there. If your offer is accepted, the first thing you need to do is make sure you are ready to move forward with the purchase.

If you have any comments, questions or recommendations, please feel free to contact me

When Writing an Offer, things to Keep in Mind

Buying a house is one of the greatest financial investments you will make in your life. Being prepared from the start, and comprehending the process can help you avoid expensive mistakes. Whether you are a veteran to house buying or just starting your search, you will want to keep these pointers in mind.

Purchasing a home is a severe choice, and you shouldn't do anything until you've done your research. One of the most essential pieces of research study you can do is to find out what houses in your price range are costing. These details will give you an idea of what your home is worth and help you work out a fair cost.

By utilizing a cost-to-sales ratio, you can easily find out what a house is worth and just how much you must use. It is essential to keep in mind that asking cost is not the very same thing as cost to sales ratio. A lower rate to sales ratio suggests you are paying less for a house.

House buying process-real estate with Dan-Daniel Terry Real Estate Agent/Broker

How Much Can I Anticipate to Spend For a Single-Family Home

Purchasing a house can be a overwhelming and complicated process, but don't worry! I'll stroll you through the procedure of finding and purchasing a house from start to finish. First, you'll wish to figure out just how much you can afford to invest. You might select to use a home mortgage calculator, or just do some rough mathematics.

The first step is to find out how much your average monthly pre-tax income will be, and then add to that the amount you will need for monthly expenses (rent, food, student loan payments, etc.). Then, think about how much you'll want to put down on a home (likewise referred to as a “down payment deposit”), and element

Buying a house is a long and stressful process. You need to take a lot of effort and time to find and purchase your house you desire. Thousands of individuals begin trying to find residential or commercial properties and end up getting dissatisfied when their deals get rejected. Due to the high competition, there are lots of factors that can lead to your rejection that can be easily prevented. Concentrate on doing the ideal things, and you'll get what you desire.

What to Do If Your Offer Gets Declined

When you don't get the result you wanted, it's easy to get discouraged. However, knowing what to do after you don't get your offer accepted is key to having an effective property experience. The first thing you must do is take a break. Things have not worked out the way you desired, so stop the procedure for a couple of days.

After Your Offer Gets Accepted

When you're purchasing a home, you might wish to have a home inspection done. This can help you be better notified of the concerns with the house and can help you negotiate a much better price. In addition to the house examination, you may likewise wish to get other things done to the house. It's a good idea to have these done before closing, so you can work out a lower price if there are any concerns with the house. After the inspection is complete to your satisfaction, the bank will order an appraisal.

Your Home remains in Escrow Waiting to Close

When purchasing a home, the escrow period is the last step in the home buying process. The escrow duration begins after you have actually signed a sales agreement with the listing representative. Throughout escrow, the buyer and seller work together to finalize the sale details. Once the escrow period has actually ended, you will be legally obligated to complete the sale.

Congratulations, You Are Now Homeowners!

It has been one year since you closed on your gorgeous new home, and you have actually been extremely pleased about your choice since. You have actually enjoyed being a property owner, and you're very thankful that you bought the best house for your household.

Search the MLS

To search the MLS for free, please CLICK HERE

Filed Under: Real Estate News

1 Good Reason Lease Options Are Great

October 24, 2020 By Dan Leave a Comment

Bad or NO Credit? We Have Rent-to-Own Homes in the Seattle or Tacoma Area Available For You!

Lease options by Daniel Terry

A rent to own (or lease option) is a great way to get into a home when bank financing just won’t work. Learn more…

If you want to own a home in the Seattle or Tacoma area but your credit, lack of down payment, or income hold you back from qualifying for a normal bank loan, a “rent to own” may be a great fit for you. This is often called a “lease purchase” or “lease option.”

Table of Contents

  • Bad or NO Credit? We Have Rent-to-Own Homes in the Seattle or Tacoma Area Available For You!
  • What Are The Types Of Rent To Own / Lease Option Houses In The Seattle or Tacoma Area We Offer?
  • How Does A Rent To Own / Lease Option Work Anyway?
  • How To Get Started?
    • So, you’ll get an edge when you start the process by getting pre-qualified below.
  • START below and see our available Rent to Own Homes in Seattle or Tacoma area!
  • Click here to learn more about how we help people like you become homeowners in the Seattle area ››

We specialize in helping Seattle or Tacoma residents earn the satisfaction of being a home owner through our Seattle Rent To Own Home Program.

Sendana Rentals, LLC offers great rent-to-own houses and apartments in and around Seattle… in conjunction with our help to get your credit up, so you can purchase the home in as short of a timeline as possible.
Want to know when the best properties hit the market?

Sign up now to see Seattle area rent to own houses!

What Are The Types Of Rent To Own / Lease Option Houses In The Seattle or Tacoma Area We Offer?

We acquire houses every month from homeowners who need to sell for one reason or another. Often times we remodel the homes to bring them up to date and up to insanely great shape for a new rent to own tenant / buyer like yourself to move into.

The types of houses we tend to offer on our Seattle Rent To Own Home Program include…

  • 2 bedroom – 4 bedroom homes
  • 1,400 – 2,500 square feet
  • Updated kitchens and bathrooms
  • Often times many upgrades

Each rent to own house is different, so there’s definitely the perfect rent to own house out there for you.

Still have questions? Check out our Frequently Asked Questions Page →

auburn wa lease option updated kitchen

Our local rent-to-own homes are move-in ready, in good neighborhoods, and often freshly updated. Inquire with us on this site for available properties.

How Does A Rent To Own / Lease Option Work Anyway?

A rent-to-own (also known as a lease/option) agreement might be right for you!

It’s easier than you think – and we can help.

The rent to own process is really pretty straightforward.

Step 1: Submit your info on this website to create a FREE account and let us know the type of house you’re looking for.

Step 2: We’ll look at your situation, the type of property you’re looking for, and show you your rent-to-own options here in the Seattle or Tacoma Area.

Step 3: View the local Seattle area homes that fit what you’re looking for.

Plus, as we buy new properties each month, if you are on our lease option list, you will receive email alerts with the latest available properties each month.

How To Get Started?

If you’re curious to see what properties we have available today, get started by filling out the pre-qualification form below. We do have properties listed on this website, but the best deals don’t even make it to this site because they get snatched up by those already pre-qualified BEFORE we even get a chance to list them online or on the MLS.

So, you’ll get an edge when you start the process by getting pre-qualified below.

Fill out the form BELOW or on the next page to get the process rolling and see available Rent to Own Houses in the Seattle or Tacoma areas!

START below and see our available Rent to Own Homes in Seattle or Tacoma area!

Rent To Own Programs Mentioned In…

lease options in Seattle or Tacoma as seen by wsj, cnbc and many others

Click here to learn more about how we help people like you become homeowners in the Seattle area ››

Filed Under: Real Estate News Tagged With: lease options

  • 1
  • 2
  • 3
  • …
  • 8
  • Next Page »

ABOUT ME

Daniel Terry is a licensed Broker and Investor with Jae Evans Real Estate in Bellevue, Washington. Daniel has over 18 years of experience in the real estate industry, including home purchases and sales, property leasing, and various real estate investment strategies such as flipping and wholesaling. Read More…

PAGES

  • National Housing Market Data
  • Privacy Policy
  • Sitemap
  • About
  • Mortgage
  • Contact

CATEGORIES

  • Real Estate News (46)

RECENT POSTS

  • Short-Term Rental Property Tips
  • Another Housing Market Crash 2022
  • Website Page Speed Matters A lot
  • Down Payment Assistance
  • Home
  • Privacy Policy
  • About
  • Contact

© 2008–2023 | Real Estate With Dan | Lifestyle Upgrades using Income Producing Assets