Shall I Buy a House or Rent?

November 21st, 2006 categories: 1st Time Home Buyer, Home Buyer, Real Estate, Real Estate Tips, Realtor, Sacramento

RENTERS, NEW HOME BUYERS…THIS IS FOR YOU!

Rent vs Buying

Did you ever wonder what the difference was between renting versus Buying a Home? Above is a chart that tabulates just what happens between Buying and Renting in terms of savings.

In other words, money in your pocket versus money out of your pocket. These two scenarios of buying a home and renting bring into perspective just what your savings can be. Each renter and future Home Buyer can see just what the numbers indicate on both sides of the fence. If you are a First Time Home Buyer who is wondering if you should buy a home right now, ask yourself these questions.

Is it worth saving money to buy a home?
Is it worth putting off buying that new car?
Is it worth bringing your lunch to work and saving for your first home?
Is it worth not having that Star Bucks but putting that money in your savings which we all know will add up? The annual savings is significant.
Do you like to pay for your landlords mortgage?
Do you want to pay for your own mortgage?

Let me know if you think it would be worth it or not. Do you like to give Uncle Sam thousands of dollars that could be in your own pocket?

One thing missing in the chart above is the equity $$$$ that as a homeowner will continue to increase over the years as long as

your home is not used as an ATM machine. Home for Christmas Since now is a spectacular time to buy a home its like Christmas morning for Home Buyers right now with lots of beautifully wrapped houses just waiting for you.

Prices are the best theyve been for several years, interest rates are in your favor, many Sellers are agreeing to concessions if you dont buy soon, know you will soon miss your best opportunity.

Get an experienced Realtor who can help negotiate the very best deal for you and get moving. This is YOUR time! Experience pays, it doesnt cost! But if you dont use an experienced Realtor it can cost you, plenty!

FYI: A First Time Home Buyer is anyone who has not owned a house in the last 3 years. If you owned a home and sold it, then rented for 3 years YES, you qualify as a First Time Home Buyer. There are some good mortgage packages just waiting for First Time Home Buyers!

Why is Buying A House Stressful?

Why Should a Seller or Buyer Choose Remax?

Where is Chicken Little?

Sellers Make Concessions

What Every Buyer Should Know

First Time Home Buyers Check-off List Part 1

First Time Home Buyers Check-Off List Part II “ Write An Offer

What Does A Realtor Do When I Want To See A House or Condo

First Time Home Buyer Check-off List Part I

First Time Home Buyer Check-off List Part II

This entry was posted on Tuesday, November 21st, 2006 at 1:08 pm and is filed under 1st Time Home Buyer, Home Buyer, Real Estate, Real Estate Tips, Realtor, Sacramento. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.