Rentals in Midtown>Question Details

Susan Engle, Renter in Sacramento, CA

Why are the rents\deposits so high?

Asked by Susan Engle, Sacramento, CA Wed Aug 14, 2013

0 votes Share Flag Rentals in Midtown

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Hi Susan

Rents are high due to supply and demand... The demand sets the price for the homes and condos. Many people are willing to pay x amount rent so the owners set it at that price. If people are not willing to pay that amount owners usually drop the rental price. If you want to lower your monthly commitment purchase a home if you can. I can help. 415-705-9405. I am a Sacramento based agent.

Deposits are at the price they are to lower risk... The more they collect the less risk they take on. The lower the deposit the higher the risk they take on. If a renter decided not to pay their rent or destroys the house, the deposit is there to have the owner recover some of their funds. If you keep the place nice and with normal wear and tear you should get your deposit back.

Please let me know if you have any additional questions.
1 vote Thank Flag Link Wed Aug 14, 2013
Hello Susan, Rents, deposits and home prices are on a steady rise. Why rent when you may qualify to buy from a minimum 580 fico score and 3.5% down or even as low as half percent down payment program up to 417k. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

I specialize in Over and Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify you in minutes and go over your options. Here are some links to study and consider in RENT vs BUY options.
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If my response was helpful, consider clicking thumbs up or Best Answer!
0 votes Thank Flag Link Wed Aug 14, 2013
Good answer from Maurice.
I will add. Your subheading is rentals in Midtown. There is an old joke that goes: Q: What are three most important things that determine real estate value? A. Location, location, location.

Rents are higher in midtown than in some other parts of Sacramento because of its ____________.
You fill in the blank.
0 votes Thank Flag Link Wed Aug 14, 2013
Jim Walker, Real Estate Pro in Carmichael, CA
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