My Brother Asked Me "Is There Any Advantage To Renting?"

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Real Estate Agent with RE/MAX Executives

A couple of weeks ago my brother called me and said he needed to move. I told him I would come by the house and we would discuss his option and see what he wants to do. He is currently renting with a few friends of his. They call it "the bachelor pad" but looks like a couple of the bachelors are deciding to tap out. We started off looking at rentals because I didn't want to be the typical agent/brother and force the idea of purchasing on him. 

 

He started looking at what he would pay for rent vs. what he would pay for mortgage and the expenses were about even. Then he considered the tax write off, he then noticed he would end up with more space buying. Of course at this point I threw in the idea that if he rents he is paying someone else's mortgage and prices are slowly rising. At this point he turns to me and says "Ant, is there any advantage to renting" my reply "No...." 

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Rainmaker
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Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

It is always so rewarding when they come to the realization themselves...good for you in letting him work it out in his own mind!

Aug 29, 2012 07:34 AM #1
Rainmaker
225,222
Kristal Wilson
Strategic Sales and Marketing - Chino Hills, CA
Cause We Like 'Em New ~ New Home Specialist!

Anthony ~ the Good Brother Award goes to you! And he is doubly lucky because I am sure you will take good care of him.

Aug 29, 2012 07:38 AM #2
Rainer
47,053
Anthony Jones Jr.
RE/MAX Executives - Woodbridge, VA
CDPE Woodbridge, Lake Ridge, Dumfries Homes For Sa

Susan, I had to let hiim work it out in his head. I know he would have blocked me out if I got sales pitchy....(is that a word. lol) 

 

Kristal, I'm also lucky....he is very logical. 

Aug 29, 2012 07:46 AM #3
Anonymous
Markita Woods

There are no advantages unless you enjoy paying someone elses mortgage.

Aug 29, 2012 02:11 PM #4
Rainmaker
740,554
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

I've rented and did have the advantage of jumping around when the lease was up.

I'll help clean up the spam.

Nov 12, 2012 03:32 PM #5
Rainer
47,053
Anthony Jones Jr.
RE/MAX Executives - Woodbridge, VA
CDPE Woodbridge, Lake Ridge, Dumfries Homes For Sa

Just noticed the spam....crazyness! 

Nov 12, 2012 09:20 PM #6
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Rainer
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Anthony Jones Jr.

CDPE Woodbridge, Lake Ridge, Dumfries Homes For Sa
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