Seems everyone has an opinion on this debate. Pro and Con. But truth is, no one but the person(s) considering this question has the "right" answer. Or at least what's the "right" answer for them.
It's also true: Facts, emotion, and gut feeling weigh into the making of the decision reached. Or not so final ... as timing factors into this decision-making too. The "right" answer can often be just a temporary one.
So, with all the factors mentioned above playing into the decision-making process, just where and how do you start?
The right answer to that question is: You should start by doing some simple homework.
To make that easier to do, I've provided some handy tools for you on my website. Just click HERE to find a host of calculators that will help during the early stages of your decision-making process.
After gathering some info ... and when you decide to move to the next step ... home buying... it's time to get erious. During this next step, you need to ...
Evaluate Your Options
To accomplish this: It's best to list the pros and cons of buying and renting as they pertain to your life and financial scenario.
Keep in mind: No two lists look the same, as everyone is considering and weighing their personal pros and cons.
But the following infographic provides you some suggestions of those things you might want to consider while making your decision:
As you'll note:
There's one glaring omission to the above infographic. There's no mention of personal finances.
After answering some questions, I'll be able to provide you an analysis of your credit/financial standing, a synopsis of the financing options available to you should you hope to buy, and the feasibility of your successfully securing the financing you need to do so.
Only after this important evaluation is concluded, can you seriously weigh "Rent VS Buy" and make the best decision for yourself. The decision that will be "right" for you both in the short and long-term.
The "right" answer to your Rent VS Buy question is answered with your taking a series of steps and doing some fact-finding. And yes, some soul-searching too.
The answer becomes clearer the more facts you have and the more you know about your finances, options, and desires. Each step is fairly easy to take ... and I'll be there to help and guide you every step of the way.
To discover what's possible. To answer your Rent VS Buy question, contact me today ...
* Hoping to buy or refinance a home in New Lenox or elsewhere in the Chicagoland area? Contact me! I'll put my 40+ years of Mortgage experience and expertise hard to work on your behalf. I'm easily found at:
Mortgage Originator - nmls #216987 - IL Lic. 031.0006220 - WI Licensed