Renting Vs Buying A Home

Dated: 07/14/2016

Views: 287

I was one to think that buying a home was just a way to get into major debt and that it was better just to rent. Now that I am a  real estate agent, I have discovered so  much about all the benefits of buying a home.  Renting a home should only be considered by those that are not yet ready financially  to take up a mortgage or if they are living in a place for a short period of time. Looking at the statistics rent will continue to soar year after year. When I get a client that calls me looking for a place to rent I take the time to explain to them the benefits of home ownership.  It only takes me telling them that as long as we are alive we need to live somewhere, being a house or an apartment. I tell them "why would you want to continue to pay rent which will only increase year after year, why not buy a house and pay a fixed payment for 30 years?'  I also tell them that after years of paying that mortgage they are building equity on that home and if they ever want to sell that home they recover their investment. Then they realize paying rent is just a waste of money.  Almost 8 out of 10 times they request more help or information on the steps to take to become a homeowner. I feel I am doing my clients a good by helping them achieve the american dream. Home ownership. 

Latest Blog Posts

Jumbo Loan With Out The Jumbo Red Tape One Lender I Know Removing The MI With Low Down Payment

So....I have a lender guru friend that has a package deal for larger home purchases.  As prices continue to raise, it only benefits to educate yourself on some or all of the options.  Most

Read More

Escalation Clause To Win A Home Or Is It Even Worth It

What is an escalation clause?It's Buyer 1 saying I will pay X amount of dollars above your highest offer. Buyer 2 is at 250kBuyer 3 is 255kMeans at the end of the negotiations we are paying X

Read More

Have You Heard Of Temporary Buy Downs

Temporary buy down of the current interest rate is a great way to get a home you want to become affordable.  Ease into the larger payments.Here's the example which isn't too far from where we

Read More

The 5 Key Components Of A Credit Score

There are five key components of a credit report that affect your overall score. 1. Delinquencies-  Making your payments on time is important for having a good credit score. This is 35% of

Read More