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.

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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