I always get questions from first time homebuyers about why buying is better than renting. My approach is the following: I think that almost always is better to own your home rather than to rent. After all, building equity and writing off your mortgage interest is one big advantage. And if you do things right, when selling you'll be eligible for one of the best tax breaks around (if owning your property for two or more years). But that doesn't mean that everyone should be a homeowner ( my honest opinion). For example, if you think your move to a place is short term and the interest rates are high and property values deteriorating, it may be worthwhile to deal with a landlord for a while.
If you need help with buying a propery, call Juan at 305-801-7347
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