RENT VERSUS BUY CALCULATOR - THERE'S A NEW TOOL IN TOWN

By
Services for Real Estate Pros with CMG Financial and Expansion Marketing Services FA100050874

I am sure that most of us have cool widgets for our website that let someone calculate mortgage payments, amortizations, and maybe even home values, but, soon we may be able to install a
Rent Versus Buy calculator.

 

Trulia, home to some of the coolest tools on the web, recently released their sophisticated calculator that takes into account dozens of assumptions to truly determine which is right for your pocket book – Renting or Buying. The Trulia calculator takes into account the overall cost of renting versus buying including such fields as monthly rent, rental insurance, security deposits, purchase price of a home, down payment, annual tax bracket, net present value, annual renovations planned, how long you stay in a home, local market stats, and more.

RENT VERSUS BUY CALCULATOR 

It is estimated that across America, it is, on average, 35% cheaper to buy a home than it is to rent a home. Cities like Detroit MI, Cleaveland OH, Kansas City KS, Dayton OH, and West Palm Beach FL, topped the list of cheapest places to buy versus rent showing an average savings of over 50%. At the bottom of the list, San Jose, San Francisco, San Diego, Orange County, Los Angeles, Ventura County, Oakland, Sacramento, New York, and Hawaii – all with under 20% savings to be had by buying, 4% in San Jose.

 RENT VERSUS BUY CALCULATOR

 

While choosing when to buy a home involves more than just number calculations, the Trulia studies and rent versus buy calculator could be a very helpful tool! Hopefully soon this tool will be a widget we can have on our websites and share with the masses! 

 

ASPEN LANE REAL ESTATE

Posted by

EXPANSION MARKETING SERVICES

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. David Popoff 11/22/2013 01:23 AM
Topic:
Real Estate Industry
Groups:
Marketing 101
20-Somethings Realtors
We Are Women!
Local Expert
Bananatude
Tags:
trulia
rent versus buy calculator
aspen lane real estate
new tool in town

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
843,657
David Popoff
DMK Real Estate - Darien, CT
RealtorĀ®,SRS, Green ~ Fairfield County, Ct

Wow this is cool, I just checked it out and it told me it is cheaper to rent over 3 years but better to buy over 5 years here in my area.

One note, the calculator does take into account property taxes and insurance under advance settings.

Nov 22, 2013 01:17 AM #1
Ambassador
2,302,613
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

Erin,  This is a very helpful tool for someone on the fence about whether to buy or rent.

Nov 22, 2013 01:46 AM #2
Rainer
324,487
Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

This would be a very helpful tool Erin, I hope it comes online soon.

Nov 22, 2013 02:56 AM #3
Rainmaker
1,095,219
John G. Johnston
John G. Johnston & Associates, LLC - Westcliffe, CO
An Exclusive Buyer's Agent ~ Westcliffe, CO

Erin  I'm sure the general public will eat this up.  I will be curious to hear from someone like Joe and his side of the story.  There have to be many other variables.

Nov 22, 2013 03:39 AM #4
Rainmaker
3,425,172
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Erin -- while the calcuations and reasons to buy versus rent(or vice versa) are more complicated - I agree, with John Johnston that the public will likely love the concept.

Nov 23, 2013 05:31 AM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
368,626

Erin Bates

Stay Informed
*
*
*
*
Spam prevention