If you are relocating to Chandler AZ chances are that one of the biggest questions looming in your mind is whether you should buy or rent a home. Of course only you can make that decision but there are some important factors to weigh. How permanent do you feel this relocation is? Do you have to sell a home before you buy a new Chandler home? Are home prices in the area that you are relocating to stable?
There is no doubt about it that buying a Chandler AZ home today is more affordable than ever. Low mortgage rates, higher than normal inventory levels and low home values combine to make an ideal buyers market when it comes to real estate. If you already own a home maybe renting it out until the market stabilizes or improves makes sense. If you can hold on to your current home, cover its mortgage, and qualify to buy a new home, you could be in an ideal situation.
Examine the affordability levels of your new location. Is it less expensive to rent, or would a monthly mortgage payment be the same or less than paying rent? Call Gina McKinley, a Chandler AZ Realtor, and pick her brain. Get to know your new area and weigh the pros and cons of renting vs. buying heavily, after-all, buying real estate is a big investment. Gina McKinley can be reached at (480) 355-8645 or by email today!
Click here to read a recent article from Bank-rate regarding selling vs. renting a home when relocating.
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