According to the Office of Financial Management, the median home price in Washington in 2022 was over $600 thousand. These prices have continued to rise over the years, and they're predicted to continue going up.
The problem is that not every person in need of a home can afford to buy one. While they could take out a loan, that's another huge responsibility that they would struggle with on top of their other debts. Instead, it can be much easier and more financially responsible to rent.
Here's some tenant advice on how to find homes for rent in Bothell, WA.
Browse Rental Marketing Websites
One of the easiest ways to find people renting a home out is through rental marketing websites. These will list all of the available properties in your area, and you can filter your search based on your specific preferences.
The downside is that it typically costs money to list a home on these websites. That means you may need to pay more than if you were to find the home on your own in person and negotiate a price with the owner.
Check Local Listings
Online listings aren't the only place where people can do rental marketing. There is also the option of placing it in a local place, such as in newspapers, on community bulletin boards, or even on social media groups.
These are great options for homeowners, as they won't need to pay any fees or get a broker. They can negotiate the sale all on their own and find something favorable for both parties.
Hire a Real Estate Agent
A real estate agent's job is to facilitate these types of transactions. If there's any concern that you may get ripped off or get a bad deal, then your best bet is to trust a professional.
You can specify desired features like allowed pets, multiple bathrooms, and even swimming pool access. Your agent will then look for these homes on your behalf, whether they're in local listings or posted online. They may even catch word of homeowners looking to rent out their homes in advance.
Attend Open Houses
An open house is a great opportunity to not only meet the homeowner but also view the property in person. These are often organized by both the homeowner and their real estate agent as a way of answering questions and showing off the home.
The downside of an open house is that it may pressure buyers to submit an offer. However, it could also help you make a decision if you've had difficulty choosing a property to rent.
Find Homes for Rent
Stumbling across homes for rent isn't difficult, especially if you know where to look. However, finding one that meets your specific needs may prove more difficult. That's why you'll want to hire a realtor to help you navigate your options.
PMI Equitas provides property management services for Bothell and its surrounding communities. We're part of a nearly 20-year-old worldwide franchise that connects property owners with their tenants.
Contact us today to schedule a consultation and learn more.
