Rent or Buy?

By
Real Estate Agent with Homebuyer Representation, Inc. DRE# 5467433

Rent vs. Buy CalculatorIf you are trying to decide whether or not you should rent or buy in today's economy, I ran across this great little tool that can HELP you analyze what might be best for you.

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

I say "HELP" you analyze what is best because in order for it to be anywhere near accurate, you will have to do some research on each of the variables that are required for it to make a calculation. You will also need to have at least some idea about how long you want to "settle" down in the area you are considering renting or buying in.

What the calculator will do for you (if you input correct variables) is tell you at which point owning becomes better than renting (if ever). So if you plan to be in an area for only 3 years, and the calculator suggests that owning doesn't become better than renting until the 7 year mark, it may just make more sense to rent than own.

Homebuyer Representation, Inc. - Exclusive Buyer AgentsAs I mentioned before, in order for the calculator to be helpful at all, you will need to input accurate, or at least reasonably educated guesstimates for the variables. If you are considering a purchase in the Salt Lake City, Utah Area, feel free to call me at 801-969-8989 if you need help with any of the variables.

Whatever you do: Don't buy a home without an agent on YOUR side of the transaction!

Make sure you hire an Exclusive Buyer's Agent!

real estate agents on the buyers sideCall us at (801) 969-8989 or contact us via the link on this page.

©2011 Homebuyer Representation, Inc. - "The Real Estate Agents on the Buyer's Side" TM - Salt Lake City, UT - Exclusive Buyers Agents (EBA) - All Rights Reserved

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Rainer
334,174
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

Well hopefully people see that renting is just not the way to go now and owning with the tax benifits and low interest rates u got to buy now.

Mar 21, 2011 04:38 PM #1
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Benjamin, if this would change renters' minds about purchasing, that would be great!   AND, if they can qualify!   Great thoughts!

Apr 09, 2011 03:21 AM #2
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Rainmaker
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Benjamin Clark

Buyer's Agent - Certified Negotiation Expert
Contact me now to get started or to ask any questions you have
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