Relocation Information from Ohio to Arizona (Secure Housing)
Now that you have visited Arizona and gotten a feel for the climate, freeway systems and neighborhoods, housing choices are in order. One of the main decisions is whether to buy or rent your home. Only those who are relocating can decide which is best for their lives.
When companies relocate their employees they normally purchase or rent their employees homes for them. In this instance, the chosen area, which is normally convenient to the place of employment, will normally suffice. However those who are relocating on their own may not wish to obligate themselves until they have lived here for a while. As a relocation specialist I will assist those relocating with whichever route they choose to take.
It is better to make an offer or put in an application while visiting Arizona. There are times when finding a home during a visit is not always possible. Many times it will be necessary to apply for a home through your realtor. Documents will have to be signed online and payments made electronically or sent through the mail.
Let’s take a look at what may be required to buy –vs- rent.
Buy Rent
Credit check needed X X
Earnest money Deposit X X
Insurance X X
Down Payment X
First months rent X
Lender Approvals X
Inspections X
Move in checklist X
Appraisal X
Security Deposit X
Pet Deposit X
Cleaning Deposit X
This Relocation information from Ohio to Arizona illustrates the many considerations associated with both renting and buying. Regardless of the choice to buy or rent, relocation must be handled strategically.
Although renting might be a viable option for the short term, home ownership should be the long term goal.
The following graph shows the difference in money spent on rent verses purchasing.
Rent or Buy?
How much rent will you spend in the next year, 5 years, 10 years or even 15 years?
If Your Current Rent Is: |
1 Year |
5 Years |
10 Years |
15 Years |
$500 |
$6,000 |
$30,000 |
$60,000 |
$90,000 |
$600 |
$7,200 |
$36,000 |
$72,000 |
$108,000 |
$700 |
$8,400 |
$42,000 |
$84,000 |
$126,000 |
$800 |
$9,600 |
$38,000 |
$96,000 |
$144,000 |
$900 |
$10,800 |
$54,000 |
$108,000 |
$162,000 |
$1,000 |
$12,000 |
$60,000 |
$120,000 |
$180,000 |
$1,100 |
$13,200 |
$66,000 |
$132,000 |
$198,000 |
$1,200 |
$14,400 |
$72,000 |
$144,000 |
$216,000 |
$1,300 |
$15,600 |
$78,000 |
$156,000 |
$234,000 |
$1,400 |
$16,000 |
$84,000 |
$168,000 |
$252,000 |
$1,500 |
$18,000 |
$90,000 |
$180,000 |
$270,000 |
The purchase of real estate is both a privilege and a responsibility. In the state of Arizona, we Realtors®, have the opportunity to work with both buyers and renters. If you need more Relocation Information from Ohio to Arizona, don’t hesitate to email me, text me, go to my website and request a call from me, or just plain old fashioned call me.
Marquise Wood, REALTOR®
Arizona Premier Realty Homes & Land LLC
“Premier Real Estate Services with Integrity”
10320 W. McDowell Road, Avondale, Arizona 85392
Direct: (614) 657-8688
Office: (623) 594-8261 Fax: (623) 594-8272
All information given is deemed correct but not guaranteed.
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