With Rents Dropping Across the Country, Now Might Be the Perfect Time to Move

In many ways, the COVID-19 pandemic has brought everyday life to a standstill. But life hasn’t stopped for the countless Americans around the country who are in search of affordable housing. If there is an upside to this horrible situation, it’s the fact that rent prices across the country are falling. “Pandemic pricing” is in full effect, and if you’ve had your eye on an apartment, now is the time to make the move.

Below, we discuss why, against all odds, now might be the perfect time for homeowners to move into an affordable apartment. An apartment may seem like a step down from a home, but there’s no better way for an owner to secure their financial future if they are unable to afford where they currently live. If you’re ready to move on from your current property, a real estate investor with Ethical Home Buyers can help. We buy houses in Tampa! 

Pandemic Pricing

As reported by rental platform Zumper, pandemic pricing is affecting the top rental markets: San Francisco, New York, and Boston. Miami is on the list as well for any homeowners here in Florida wishing for an affordable apartment in one of the most beautiful cities on the planet. Why exactly are prices so low? Landlords are desperately trying to attract renters able to reliably pay their monthly rents. Renters are also moving from high-end apartments to more affordable areas, with young renters are either moving in with their parents or a roommate. 

Rents are dropping by as much as 20 percent in some of the most expensive places to live in the country. Renters are also finding it easier to negotiate for a rent-free first month. As uncertain as these times may be, there’s no better time to move from an expensive home to an affordable apartment. 

Making the Best of a Bad Situation 

We understand that this probably isn’t how you imagined finding the apartment of your dreams, but that shouldn’t stop you from making the best of a bad situation. If you’re a homeowner who can no longer afford their home, has accepted a job in another city, or just wants a change of scenery, now is your perfect chance at a new start. Unfortunately, the same public health emergency and economic crisis that caused rent prices to drop are making it difficult for homeowners to find an eager buyer for their property — not many people are going to want to tour a home during a pandemic, let alone commit to a large investment. That’s where we come in. 

At Ethical Home Buyers, we buy homes in Tampa and can make you a quick cash offer in as little as 24 hours. Feel free to accept or decline the offer at your convenience. If you accept, you can be paid cash for your home in as little as one week. If you’re wondering how to capitalize on unprecedented low rents without being attached to your property, give us a call. We’ll buy your home in no time at all. 

Need to sell your home fast? At Ethical Home Buyers, we buy homes for cash in Tampa! For more information, submit our contact request form or give us a call at (813) 458-7355.