To rent or not to rent: That is the question

By
Real Estate Agent with ERA Joyner Realty 331464

To Rent or Buy: That is the Question

if not now, when?
Now that the home buyer tax credit has come to an end, many would-be homeowners who missed the deadline may be asking themselves whether they should continue renting. While the tax credit was a strong incentive, the major benefits of homeownership are personal, not financial.

Owning offers a permanent home in which to build a life and family,

opportunities to become part of a community, and flexibility in lifestyle. At the same time, while continuing to rent may or may not cost more in the short term, owning a home can save money over time – rents go up; fix

ed-rate mortgages are fixed for the life of the loan.

Interest rates are still at an all time low, but how long they stay like this is anybody's guess. Inventory is still high and even though the tax incentive has ended it is still a great time to buy a home fo

r personal or investment purposes.

Even though it is tougher to get a loan these days, it is still possible. There are just a few more hoops to jump throuigh. But I do have lenders getting packages to closing within 30 days or less.

 

With the amount of homes on the market and corraborating data that show many areas of the housing market have started to stabilize, now would be a good time to jump on the band wagon and buy a new home. By purchasing a home at the bottom of the bubble you can start building equity more quickly when housing prices start to rise.

 

Posted by

If you are interested in BUYING or SELLING a home in Lowndes County or the surrounding area and want a professional consultation on current market conditions, please contact me at 229.834.0946  or e-mail me at janice.macmillan@mchsi.com or visit my website at  http://lowndescountyhomes.com

 

 

Janice MacMillan, Associate Broker

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Rainer
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Joe Colón, Jr.
Jenny L Colón, PC - Chesapeake, VA

And now the issue is being able to sell the fact the equity in RE is GOING to go up.  I wonder how many folks really are still on the fence about buying.

May 05, 2010 06:55 AM #1
Rainmaker
214,466
Janice MacMillan
ERA Joyner Realty - Valdosta, GA
Associate Broker

Unfortunately, most will stay skeptical regarding the rise in the market until it is too late to get in on it.

May 05, 2010 08:13 AM #2
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Rainmaker
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Janice MacMillan

Associate Broker
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