Before we set the rental price of your house, We'll run our own Comparative Market Analysis (CMA) that will show the listing price of similar houses in the area as well as the prices at which the houses actually rented for. Additionally, the analysis will give us information about houses currently on the market and about houses that were on the market but never rented.
Next, We'll ask you about your goals in renting the house. Everyone who rents a house has different goals that need to be factored in when calculating the renting price.
Is your goal to get the maximum rental price for your house?
If so, are you willing to have your house on the market for many months?
Is your goal to rent your house quickly?
If so, are you willing to sacrifice some of your potential profits to rent more quickly?
Would you like to establish a balance between renting your house quickly and renting at the top end of market value?
Market conditions will play a role in setting the rental price of your house. We'll factor in how quickly houses are renting in your area, the strength of the school system, and finally whether it is a buyer's or renter's market.
We'll then recommend a price at which to list your house to meet your goals in the local market.
