Although home prices have declined - rents have not and there is no reason to think that they will. It is time then to dust off the rent vs buy calculators. There are a lot of them available.
There are dozens of calculators for rent vs buy. I'd check the numbers with more than one as they all have different assumptions. Still, you get pretty consistent results.
The financial advantages of long term home ownership can be tremendous. That includes condos for those with an aversion to maintenance and no desire to tend the lawn. Some people will be life long renters out of choice - others because they have no choice. Most people, though, have a choice.
Rent vs buy isn't just a financial decision. It is also necessary to weigh a number of somewhat intangible factors and those differ by every individual. Do the numbers to see if it makes financial sense.
Doing the numbers today - in a depressed housing market will likely yield a 'Buy it Now" result.
If you are in the market for a home in the South Jersey, hire an agent who will work for you on your side of the transaction.
Paul Howard is the only Exclusive Buyer Agent having an office in South Jersey. Paul, owner of NJHomeBuyer.com Realty in Cherry Hill, is a member of the highly selective National Association of Exclusive Buyer Agents, representing buyers ONLY, 100% of the time. We ONLY hire agents that work exclusively for home buyers.
Do you have good credit? Looking to buy a home? If you are thinking about buying a home in the areas we serve , call Paul at (856) 488-8444 or send an email to Paul@SouthJerseyHomes.com for information.
We serve: Burlington, Camden, Gloucester, Merce, Middlesex and Ocean counties in NJ.Paul Howard
Cherry Hill NJ
NJHomeBuyer.com Realty
www.homebuyerhomesearch.com
Cherry Hill NJ 856-488-8444
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