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Why My Phone Is Ringing During Tax Time
 


Tenant or Owner? With rental rates rising, a lot more tenants in Pelican Bay are likely to be wondering whether they should be taking a new look at their residence situation. 
Conceptually, paying your own mortgage has always seemed more appealing than paying a landlord’s mortgage every month.   Especially this time of year, when tax time puts the whole year’s finances out there on one piece of paper, seeing how thousands of dollars have slipped away for another year can be a little frustrating.  Not surprisingly, then, this is a time of year when, as a buyer’s agent, I begin hear the phone ring a little more often! 
Seen from the long term perspective, dollars put toward a home you are buying go toward building a future -- something rent dollars cannot do. But there are more intangible benefits to owning versus renting: control over the title being potentially the most valuable.  Any tenant who has been forced to move because the homeowner needed to sell, or was foreclosed upon, or decided to move back in himself, is someone who has learned the value of controlling when their next family move should happen.
  For tenants ... more

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