Home Buying in 99301>Question Details

Jb, Home Buyer in 99336

I am planning on buying a house in the West Pasco area (99301). I have came across a development that has

Asked by Jb, 99336 Sun Mar 2, 2008

been built in phases and have noticed that a lot of the houses in Phase 1 are selling for the same price and are a lot of the same model. My question is this, what should i be cautious of. The development is newer and is decently nice and at the same level of all the other surrounding neighbor hoods. But I am weary as to why they would all be selling. My belief is that they are all previous rentals. How do I know if a neighborhood is full of rentals and not established owners. FYI...but this is my 1st post here, but I have browsed Trulia for as long as I have been searching!

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6
I am a local agent, and have a tool that can tell me what houses in a particular neighborhood are owner occupied, and which ones are rentals. I would be glad to help out. Feel free to give me a call.
Thanks,
Burt Lovejoy
Realtor
Markel Properties
509-308-2188
0 votes Thank Flag Link Sat Mar 23, 2013
You need a real estate agent to represent your interests and do these investigations for you. If it's a new construction home make sure that it comes with a warranty, typically 1 year. No matter how old (or young) the home is get a home inspection. We have inspectors in your area.
0 votes Thank Flag Link Mon Apr 18, 2011
Sounds to me like you are looking for a Realtor that understands the fundamentals affecting Real Estate prices both macroeconomically and specifically for a specific development. Once you find that Realtor, you will find your answers.
0 votes Thank Flag Link Thu Apr 14, 2011
Sonnia is right the best way to find out if an area is surrounded by rentals is to have a Realtor help you. When shopping for a house it is good to have someone to do all the legwork for you and it does not cost you anything.

Some areas do sell older homes for the same or more then a brand new home because they have put some improvements on the home. Such as back yard landscaping, fencing, blinds, and paint. When looking in a newer area you need to remember that people tend to move every 3-5yrs on average so seeing several homes in the same area could just mean that the home owners are ready to move into a bigger or smaller home within that 3-5yr time frame.

Way to keep an eye out and invest in your future home wisely.
Web Reference: http://www.mtils.com
0 votes Thank Flag Link Sun Apr 6, 2008
The best way to find out if the properties are being occupied by "owner's" or if the property is being used as a rental, is to contact an agent. We can do the investigations into any specific neighborhood. I work directly with the title company and one of the services they help me with is finding this type of information. It would take time to investigate an entire neighborhood, but the information is very important in your buying decision. If you want to do the investigating yourself, you can log onto the county assessors office and look up each property address. This is a public site, the owners name and mailing address will be listed. If the mailing address is not the same as the subject property address, you are probably looking at a rental property. This is not always the case, but can be fairly accurate. Again, it is time consuming, and can and should be investigated by your Realtor. That is what we do for a living, work for our clients!
0 votes Thank Flag Link Tue Apr 1, 2008
I'm looking in West Pasco as well, and have noticed the same thing. If you find a specific house, I'm guessing you could call the listing agent and ask them for more info. Maybe I'm too optimistic but I think the majority of the sales are people who can't afford it anymore or are relocating. My agent also told me that he was told one person recently listed 5 or 6 rental properties in West Pasco so that is a possibility of course.
0 votes Thank Flag Link Sat Mar 8, 2008
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