Rents Are Increasing…Has Yours? Third Benefit of Lease Options.

Rents are increasing nationwide…have you been affected yet? If you haven’t you will. Come on, is it really that hard to imagine, its all about supply and demand. With the mortgage crunch more and more individuals are turning to rentals rather than home ownership. This creates a great demand for rental properties and landlords know this! So now they can charge more and get away with it.

Well don’t be a statistic anymore. Just in case your wondering what the numbers look like…here they are.

Last year, the average rent in King and Snohomish counties for all apartments rose 8.6 percent, reaching $1,012 in the fourth quarter of 2007, according to the most recent report from Seattle-based Apartment Insights Washington, which surveys 150,000 apartment units on a quarterly basis. Over the past two years, since the first quarter of 2005, rents have climbed 16.7 percent.

Copyright © 2008 The Seattle Times Company

When I look at that, I am shocked! I don’t understand why so many people continue renting when it costs so much. Now some of you may be thinking $1,012 per month is pretty cheep…but their talking about apartments. If that were a Single Family Home at $1,500 per month, it would have climbed $250 to $1,750! That’s amazing!

It’s time to stop renting and start putting your money to work. Lease options are a great tool to do this. Your payment is fixed the whole time you are in the home and just like a mortgage it is applied to paying off the balance each month. I don’t know about you, but I would rather put my money into something that is mine rather than putting it in the landlord’s pocket.

Some of you may think, “Well I can’t qualify”. I would bet that most of you are paying rent close to what you would pay for the same home in our Rent to Own program. If you don’t believe me, just give me a call and we can run the numbers to find out.

Hopefully I will hear from you soon and we get you into the home that you choose for your family.


Dedicated to your financial success,


Kenton Becker
kentonb@empireoptions.com
Managing Partner / Lakemont Mortgage Specialist
License # 510-LO-36929
http://www.empireoptions.com/