With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
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With the Federal Reserve holding steady on interest rates this past week, it’s still a great time to take advantage of these low rates while they last.
In real estate roundup, Terry addresses rental scams where scammers find an empty home or apartment, act as agents, meet potential tenants, then take their deposit and run. So make sure you don’t fall for such scams. Terry hands out a few tips on how you not to get conned and protect yourself.
Also, this is a new trend – a big boom towards rental “housing” where home developers are now building single family homes just for rent. Partly because builders don’t really make a lot of money on starter homes but by renting, they save the property appreciation upside for themselves.