The Cost of Buying vs Renting a Home In Pearland or anywhere in the Houston Area
Maggie gives a great example on why it is better to buy a home, instead of renting one. This is especially true in the Houston area. And if you are looking to buy a home in Pearland, contact Maggie today. www.DaveYourMortgageGuy.com
It makes good sense to consider purchasing a home in today’s Pearland, Texas Real Estate market. The Houston Association of Realtors just reported that homes sales climb up closed to 17% from last year. They also reported record home sales for four straight months. Clearly stated, the Real Estate market is moving along strong.
In Pearland, TX, our Real Estate Market has continued to stay steady is now going strong due to many factors. I think the three most important are Location, Schools and last - but not least - the incredibly low interest rates! People are now able to move from renting to owning a home without increasing their monthly payments. In some cases the monthly payment actually could be less than the rental amount they were paying.
Thinking about taking a step into homeownership? One of the most important things to consider is the monthly cost of renting an apartment or house verses buying a home.
In Pearland, Texas a 2 bedroom apartments can range from $850.00 a month up to $1400.00 per month. A rental home in Pearland could can range from $795.00 (which is very low and few and far between) up to $1400.00 a month for a 2 or 3 bedroom home with square footage under 1400. As of today (October 19, 2011) there are 108 homes active on the Pearland Rental market thru the mls. The monthly price range of the home is $795.00 to $5200.00.
Let’s take a look at some examples of monthly payments of homes that you can own.
Today’s Estimated Payment based on an FHA loan with 3.5% down payment at 4% Interest Rate
If you are interested in making the move from renting to owning, give me a call today! I would love to help you!
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Whether you are buying or selling Real Estate in Pearland Texas it just makes sense to use a Realtor® that knows the area! I live here, work here and play here - I call Pearland Texas home! For more information regarding Pearland Texas be sure to visit my website:
- PearlandHomeTeam.com - Homes for Sale in Pearland Texas, Schools, Home Selling Tips, Buying a Home Tips, Foreclosures, Weather and Community Information.
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