If you are house hunting this spring or summer in the Pensacola area, you will find that the active rental inventory is tight! We're seeing record lows in the single family rental market in the Pensacola area.
Here's the current situation with the Pensacola area housing market.
There are simply not enough properties for rent at this time to meet the current demand of renters looking to move. To help you ease the stress and frustration of house hunting this season, we've put together a video with helpful house hunting tips.
Here are some of the highlights from the video:
- Do your research. It's up to you to do the research on the neighborhoods and areas. Do a neighborhood search (Escambia County Crime Map: http://www.escambiaso.com/crime-map/ )
- Be prepared! Review the requirements for renting and have all of your documents necessary ready to apply. Have a double security deposit ready if you do not meet the rental criteria.
- Consider purchasing a home.
- Check into the multi-family apartment complex community for availability.
- Have vet records, photos, and extra pet deposits for your pets.
- Don't just apply to apply! This lowers your credit score and is costly. Be intentional and serious before you apply.
- If you are relocating, do not expect to be able to pull a U-haul into town and move in a property the same weekend. If you have someone who can view properties on your behalf, have them coordinate viewings and sign a lease.
- Be available for showings! You may have to take some time off work in order to be successful in house hunting this season.
- Have a back up plan in case you don't find a property!
- Adjust your expectations for the criteria you need, not the criteria you want. It is not the time to find a dream house!
- Housing affordability is an issue and will continue to be as the economy and real estate market improves. Rents will continue to increase. Plan for this!
- Be happy where you are. Do not be upset by a small rental increase or an unresolved maintenance item that is not important.
- Show up at real estate offices! The call and email volume is overwhelming for us now. Make time to pop by the office and talk with someone in person for best results.
- Act fast when you find a nice property. Be ready to pay a deposit and sign a lease when you apply.
Reach out to our office and let us know how we can be of assistance whether you are looking to buy or rent a home in 2018.
Realty Masters of Florida Rental Office (850) 473-3983 http://www.PensacolaRealtyMasters.com
Realty Masters of Florida Sales and Relocation (850) 453-9220 http://www.RealtyMastersofFlorida.com
We are facing a shortage of inventory in both the Pensacola real estate sales market and Pensacola area rental market. Low inventory and high demand are causing strain on the Pensacola real estate market and we are seeing the effects on both home buyers and home renters in the Pensacola area.
Here's a quick 2018 Spring Real Estate Market update from Nicole St. Aubin, Broker Associate at Realty Masters.
Want to see the data? I can't explain it as well as Dr. Rick Harper can! Use the links below to view the actual reports and presentations referred to in the video.
- Use this link to view the Escambia County Economic Outlook and Update sponsored by the Home Builders Association of West Florida in partnership with the Pensacola association of Realtors and Greater Pensacola Chamber of Commerce.
- Use this link to view the Santa Rosa County Housing and Economic Report produced by The Homebuilders Association of West Florida along with the Pensacola association of Realtors and Greater Pensacola Chamber of Commerce.
If you are house hunting in the Pensacola area, reach out to our agents for help!
Rental Office (850) 473-3983 www.PensacolaRealtyMasters.com 4400 Bayou Blvd 58B, Pensacola, FL 32503 Sales Office (850) 453-9220 www.RealtyMastersofFlorida.com 4400 Bayou Blvd 52B, Pensacola, FL 32503
Realty Masters of FL
The Realty Masters team spent the afternoon at downtown Pensacola's first live escape game, Escape on Palafox, and it was a blast! Escape on Palafox is a group activity and is well suited for groups of friends, family, and coworkers of all ages. The premise of the game is to work together to uncover clues and solve a mystery within 60 minutes to "escape" the room.
Our staff broke into three groups and attempted to escape the "Secret Agent Room." Our last group escaped with 9 minutes to spare while our first two groups got hung up on the last clue. Everyone had a great time!
Two additional rooms will be opening in the coming months including The Museum Robbery Room and the Haunted Room and we plan on visiting with our team again.
We highly recommend this event as a fun weekend activity with your family or as a team building experience! To learn more about Escape on Palafox, visit their website http://www.escapeonpalafox.com/ or ask us your questions below.
Team 3: Christine, Lacey, Celia, Sheri, Chuntell, Carlin and David Escaped with 9 minutes to spare! — at Escape on Palafox.
Team 2: Brandon, Marie, Nicole, Fern, Becky, Pam, Patty, and Jay — at Escape on Palafox.
Team 1: Bob, Rick, Kathy, Crystal, Erica, Krissy and Mitch almost escaped! — at Escape on Palafox.
Conducting routine, consistent inspections at your rental property is one of the most important ways you can monitor your home during the leasing process.
Here is Carlin Symmes, lead inspector at Realty Masters, discussing the importance of a move in inspection.
We document the condition of the property one to two days prior to a tenants move in for many reasons.
- Most importantly, to ensure the home is ready for move in and that all necessary repairs were completed.
- Secondly, to have documentation needed in case there are damages beyond normal wear and tear when the tenant moves out. Photos and a written form are completed during every inspection. It is also important to note that you should have photos of the home in good condition also and not just photos of any discrepancies found.
Not conducting routine inspections before, during, and after the tenants move out is one of the most common mistakes rookie landlords and inexperienced property managers make.
A move in inspection is also valuable to a tenant. Each of our clients are given a move in inspection to complete within 72 hours of move in. Make sure if you are moving into a new property, you document any issues with the home in writing and submit to your landlord upon move in. This protects you at move out!
Let us know if you have any questions about the move in inspection process.
- Real Estate Investments
- House Hunting Tips
- Real Estate Market
- Seminars and Personal Assistant
- Rent or Sell
- Pensacola area Zip Codes
- Build Credit
- New Construction in Pensacola
- Energy Tips
- How to Find HOA Rules
- Preparing for Freeze
- Holiday Safety Guide
- Maintenance Do's and Dont's
- Home Warranties
- Credit Score
- Unapproved Dog List
- Maintenance Tips
- Pensacola Rental Inventory
- Home Buying
- Pensacola Rental Homes
- Beulah Middle School Construction
- Safety Tips
- Things to Do
- Realty Masters Team
- Item Donations
- Pensacola Rental homes
- Bed Bugs
- Moving out
- Community Involvement
- Managing Rental Properties
- rental market
- Escambia County Ranked #57 out of 449 Counties as Best County to Invest in
- House Hunting Tips for Renters in a Housing Shortage
- 2018 Pensacola Real Estate Market Update & Escambia County Housing and Economic Report
- Realty Masters offering VA Home Buying Seminars!
- Should you Rent or Sell Your Current Home? "Renting versus Selling"
- Nicole St. Aubin
- Pam Brantley
- Carlin Symmes
- Realty Masters of FL
- David Keen
- Chuntell Patterson