Real Estate Blog - Should I Buy a Home or Rent?

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Should I Buy a Home or Rent?

RENTERS, NEW HOMEBUYERS...THIS IS FOR YOU!

Did you ever wonder what the difference was between renting versus buying a home? To the left 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 and renting bring into perspective just what your savings could be. Each renter and future homebuyer can see just what the numbers indicate on both sides of the fence.

To read the remaining portion of this article be sure to go to Sacramento Real Estate Voice.

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Posted by Gena Riede, Real Estate Broker Sacramento CA Real Estate (916) 417-2699 on 11/18/2006 08:40 PM

Comments (7)

real estate, home buyer, rent, ca, sacramento

Originally posted at: Elk Grove CA Real Estate : Should I Buy a Home or Rent?

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7 Comments on Should I Buy a Home or Rent?

NOV

2006

Seems like everyone is using the same information....Good though. Good rates, good inventory, good time to buy!! Get er Done!

Christopher, we must all be on the same wave length. It is the best time to buy that I've seen in a very long time and the smart ones will get moving and buy!

NOV

2006

Excellent way to break down the information. The tax savings alone are just about enough to pay for 1/2 of every mortgage payment.

Gena - great visual!! If that doesn't show the value of buying over renting, I don't know what will!

I love your last paragraph, and your sentence of, "it's like Christmas morning for Buyers right now with lots of beautifully wrapped homes just waiting for you". How perfect is that statement about what's going on in the market??!!? GREAT!!

Ann Cummings

Chris, You're absolutely right. Now, it's time that the Buyers understand that fact.

Ann, That is exactly how I feel...it is Christmas or Hanukkah for the Buyers right now. If they're smart they'll pick up a great deal right now while the pickings are good! Thanks for the compliment.

Don't forget the net proceeds when you sell. I don't know a rental property that is going to pay the tenant a dime when they vacate.

Home owners are traditionally realized a significant gain when they sell. The exceptions are short time owners and buyers who purchased badly. They are a distinct minority of home owners.

NOV

2006

Lenn, Absolutely! The proceeds when selling are paramount.

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