Can't Sell Your House in Fayetteville, NC? Here's What You Should Do!
Accidental landlord looking for best property manager near me
The real estate market can be unpredictable, and many homeowners in Fayetteville, NC, are currently facing a challenging situation. Despite their best efforts, they are unable to sell their homes due to a lack of buyer demand and higher interest rates. If you find yourself in this predicament, you might be wondering, "What should I do?" This article will guide you through your options and introduce you to a potential solution: Nest Managers Property Management.
The Current Real Estate Market in Fayetteville, NC
The Rapid Rise in Home Prices
The real estate market in Fayetteville, NC, has seen a dramatic shift recently, especially after the market changes during the Covid-19 pandemic. Home values have increased by as much as 20%, pushing home prices out of reach for many potential first-time buyers. This rapid rise in prices was fueled by a frenzy of buyers taking advantage of extremely low-interest rates. This resulted in record demand for homes and bidding wars that had never been seen in the the Fayetteville market.
The Buyer's Pause: A Shift in Demand
However, the situation has changed. Interest rates have more than doubled, and buyers are coming to terms with this increased cost of borrowing. A recent survey has shown that 75% of buyers in the last year have some regret about their home purchase. Many recent buyers now regret the price they paid, some settled for a property they really did not want, a less than desirable location, and some overlooked the negative aspects of the home simply because they feared they would miss out.
The Dilemma of Recent Buyers
For many individuals who purchased a home during the past three years - and often overpaid - they find themselves now unable to sell for more than the purchase price. This does not matter to those individuals who do not need to sell, but when an unplanned life event causes a person to have to move - they are now stuck with a home that is worth less than they paid - and very few potential buyers are interested in buying. Some of those individuals are now considering renting out their homes.
The Emergence of Accidental Landlords
The Risks and Responsibilities of Renting Out Your Home
Becoming a landlord, especially an accidental one, is not a decision to be taken lightly. There are many risks and factors to consider before you rent your home. You must price your property appropriately, advertise the property, perform detailed and legal applicant screening, ensure you have a proper lease agreement, collect rent each month, make repairs, and follow all state and federal laws governing rental housing.
Nest Managers Property Management: Your Solution
Preparing Your Property for Rent
Nest Managers Real Estate is the leading property management company in Fayetteville, NC. Our experienced team handles the make-ready process from start to finish, ensuring that your property is up to code and ready for tenants.
Comprehensive Tenant Screening
Nest Managers offers a custom Tenant Screening service that is personalized and tailored to meet specific requirements. Our 14 point screening process ensures that we keep bad tenants out and long-term and high-quality tenants in longer.
Effective Marketing for Your Property
Nest Managers' marketing service attracts high-quality tenants for your property. We use custom analysis to determine the optimal rent, so you can maximize your return on investment. Our state-of-the-art technology and smart algorithms keep vacancies low.
Lease Execution and Renewal Services
Our experienced Property Management team offers comprehensive lease and renewal services. We provide up-to-date leases reviewed by top North Carolina landlord firms to ensure compliance with fair housing, North Carolina habitability, applicant screening, and right-to-cure laws.
Maintenance and Financial Reporting
Our comprehensive maintenance service is designed to keep your property in prime condition. Their 24/7 repair center is always available to address any repairs and homeowners are always notified of any work orders. We also provide accurate, detailed financial information to help you make informed decisions about your property.
Eviction Protection and Property Inspections
Nest Managers offers Eviction Protection service designed to give you peace of mind and protect your investment. We handle the legal proceedings, and even find a new tenant when it's all done. Plus, with their Eviction Guarantee, Nest will pay your legal fees! Our property inspections are the cornerstone of our service. Our inspection visits provide unbeatable peace of mind and help us catch problems early on, ensuring your property is in the best possible condition.
Why Choose Nest Managers Property Management
The Nest Managers Guarantees
Nest Managers Property Management offers several guarantees to their clients, including an Eviction Protection Guarantee and a Tenant Placement Guarantee. We stand behind the tenants they place and will personally reimburse you up to $1,000 in the event of eviction legal expenses.
Local Expertise and Dedicated Service
Nest Managers Property Management is a local expert in Fayetteville, NC. Our talented staff of real estate professionals pays close attention to the local market and we do our utmost to keep your home performing optimally. Whether you own a single residential home or a large portfolio, we're ideally positioned to help you succeed.
In conclusion, if you're unable to sell your house in Fayetteville, NC, becoming a landlord could be a viable option. However, managing a rental property comes with its own set of challenges. That's where Nest Managers Property Management comes in. With our comprehensive services and guarantees, we can help you navigate the rental market with ease. So why not let Nest Managers Property Management take the stress out of being an accidental landlord? When asking yourself, who is the best property management company near me, look no further than Nest Managers. Contact us today to learn more about our services and how we can help you.