Why Rent When You Can Own!
You have seen many of those signs. When I solicit Apartment complexes, you may find one of mine with Charts that show what you could own with your current rent payment.
An Associated Press analysis of 45 metro areas finds, the gap between the monthly mortgage payment on a median-priced home and the median rent has narrowed from $777 a month to just $221 in the past three years!
Unless, your credit and financial situation is not yet up to Par, there is no true need to rent.
Incredible, especially when rent has not show much if any decreased pricing in the last 20 years.
Many clients I have represented recently, have seen just that. Pricing from the mid 80's and 90's are back, minus "High interest rates."
For instance "Bob" has purchased two homes both under $60k! And, wants me to find him more. "Bob" however, is an investor who is not new at this. In fact he is very savvy. He knows a great deal when he sees it and seized the opportunity.
Not only people like "Bob" but first-time homebuyers have the opportunity to start the investment ball rolling. Now the $8000.00 tax credit can be used toward home purchases (speak with a loan officer or give me a call if you need a referral).
So, I will ask again?? Why rent when you can OWN!
Call your local Realtor Tayona Tate (775) 762-8355.
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