Look beyond standard one-year leases to lock in low rents

Are you among the one third of Americans who rents? The market is smiling on you with the potential for some great monthly savings.

Rents are undergoing the steepest year-to-year decline since 1995. That's because vacancies are fast approaching the highest level since stats started being kept.

If you're a renter, start shopping for a better deal two months before your current lease ends.

What you don't want to do is become a victim of your own inertia. Humans tend to be creatures of habit and that too often translates into wanting to stay put where you already are. But that kind of attitude will prevent you from taking advantage of the deals out in the marketplace.

Apartment owners are hurting. They have to compete with the shadow market, which is composed of those who speculatively bought condos and now are stuck renting them because they can't sell.

Finally, this is also the moment that if you plan to stay put, you should negotiate the longest-term lease you can. Look beyond the standard one-year leases and lock in for two or three years at today's low rents if you're not planning on moving.


If is also the best time with low interest rates and property values. Are you considering buying, call us today at Full Sail Mortgage for our free home buyer classes and consultation. 864-451-7894