April 24, 2008

Transitioning from Renting to Owning

Would-be home buyers staying out of the market right now still need a place to live. The increased demand on rental housing creates an increase in rental rates. For Seattle, the median monthly rent is $1211. As rents increase so does the motivation to buy and so will flip the demand once again.

sign garbage Transitioning from Renting to OwningStrange things happens when you transition from a rental to a home. It takes about a month to close on a home and in that time, expect one or more of the following to occur:

  • Suddenly all the things that annoyed you about the rental seem a million times more annoying
  • The landlord goes psycho
  • The community areas in the rental space, like laundry facility stop working
  • You receive nastygrams from the landlord about the things you discard in or around the dumpster while you’re packing/moving
  • Though the place you are leaving is so much smaller than your new home, your stuff seems to have multiplied now that you have to move it
  • You think you might have a nervous breakdown from all the logistics to coordinate
  • With your place half packed and half not disorder abounds, you feel like your entire life is a disaster
  • Right before the actual move you can hardly stand to be in your old place, you dine out or at friends’ houses

But don’t worry! It will all be okay. And if you think moving from a rental to a home is bad, just wait until you take on your first renovation project!


Comments (1)

March Foreclosure Summary | Redfin Seattle Sweet Digs said:

[...] Transitioning from Renting to Owning [...]

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