If you need to find a short-term rental while looking for a home to buy, feel free to contact us for advice. Many of our Buyer clients will choose a short-term apartment, corporate housing, or a long-stay hotel while house-hunting for a few weeks or months.
We don’t get involved with long-term rentals homes but can point you in the right direction if that’s what you are seeking. If you are looking for an apartment to rent, you can find lots of options by searching online.
We don't assist with any vacation rental properties and you will find a limited number of such properties available on Lake Norman. To see what is available, try sites such as VRBO.com or airbnb.com.
There is somewhat of a shortage of good rental homes in the popular areas of this market. Because of that, rental rates tend to be high and good ones go very quickly. One-year leases are the norm. Landlords often receive many applications and have the luxury of being selective about credit and pets. Always make sure a house you are considering renting is not headed to foreclosure. (Read about Foreclosures.)
Generally, in this market, if you can qualify for a mortgage and can afford to put at least 3.5% down, it will probably cost you less in after-tax dollars to own than to rent.
If you are struggling with the decision of whether it is smarter to buy or rent, we can help you with that analysis. Many people are surprised at the financial benefits of owning versus renting.
These phrases get tossed around some. We find that many potential home buyers have misconceptions regarding how these work. Very rarely are rent-to-own contracts in a home buyer's best interests and they are pretty uncommon in this strong market. For a more detailed explanation & example.
Contact Us with any questions.