Buying versus Renting --- Information You Should Know

By
Real Estate Broker/Owner with House to Home, Inc. - Denver Real Estate - 720-231-6373 DRE# ER40011786

 

The past several years have been tough for Buyers, and you had to have really thick skin to be in the market, and you still may have been bid out.     The market has shifted, and it is no longer that frenzied market we experienced for so long.   You won't have to wait in line to view a home, you MOST LIKELY won't be against ten other buyers, and interest rates are still historically low.

 

Have you looked at what you are paying, and not know what you can buy for the same amount?   Most often to BUY a property, whether it is a condo, townhome or a single family, most likely your house payment will be lower than your rent payment, and probably get more for your money.  Here is more information for Buyers contemplating a purchase.

 

PLUS, did you know you can claim the interest you paid on your mortgage and the property taxes on your income taxes?   This will save some each week, if you change your deductions, but check with your tax professional before doing so!

 

Below find a chart with information for a Buyer interested in buying a home listed for a ranch with 3 bedrooms, 2 bathrooms, and a 2 car garage built in 1986 with an unfinished basement - $369,900.

You do not need 20% down to get into a home, and the inventory has increased dramatically.   If you are paying $2500 for your home, then maybe you should call me and we can talk about your options.

 

 

Interest rates are based on one's individual credit, so give Ben Martin a call to see what you can afford, and what your house payment could/would be for a home!

 

Corp NMLS # 1423395. This is not a loan estimate as defined by federal law. This is only a summary of various loan programs only. Information herein is subject to change and is not a commitment to lend. In compliance

with federal law, a written loan estimate will be prepared with three (3) business days of receipt of an actual loan application. This shall not be construed to create any contractual relationship by or between any party.

 

Information provided by:

Benjamin (BK) Martin

Alliance Mortgage Group

720-275-1455

bk@AMGLending.com

 

 

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House to Home, Inc.House to Home

GRI, CRS, CNE, e-Pro  

Broker/Owner

Joan@JoanCox.com

720-231-6373

 

Denver Real Estate

Homes for Sale in Denver

Neighborhoods in Denver

 
  A Denver Metropolitan Realtor

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Rainmaker
1,900,588
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joan Cox - this is a no brainer as long as you have a down payment.  And it also becomes your nest egg  

Jul 19, 2019 04:32 AM #1
Rainmaker
684,722
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great information for home buyers to read. Thanks for sharing, I hope you have a great weekend.

Jul 19, 2019 09:53 AM #2
Rainmaker
1,387,849
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

If you choose to be a Realtor, you better have thick skin or you will be slinging hash in due time.

Jul 19, 2019 09:58 AM #3
Rainmaker
2,520,413
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

In my opinion and in my area, the advantages of owning a home far outweigh any that would be associated with renting a home.

Jul 19, 2019 10:07 AM #4
Rainmaker
3,308,822
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Joan - the thick skin issue aside, your analysis of buying a property versus renting is a good project to ensure a better understanding of your own financial "house".  

Jul 19, 2019 10:24 AM #5
Rainmaker
5,347,759
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is very good information to share.

Keep cool and have an outstanding week.

Jul 19, 2019 11:45 AM #6
Rainmaker
1,202,778
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Joan Cox,

You have provided your clients with some very good information to make a decision about whether to rent or buy.  I have never rented and am glad I made the decisions I did years ago. 

Jul 19, 2019 01:24 PM #7
Rainmaker
1,293,788
Wayne and Jean Marie Zuhl
Samsel & Associates - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Either way, you're paying SOMEone's mortgage!

Jul 20, 2019 09:10 AM #8
Rainmaker
241,364
Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Hi Joan!  Thanks for the information.  The market is a bit whacky these days; but if people can afford the downpayment, purchasing a home is better than renting.

Jul 23, 2019 11:07 AM #9
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, and there are programs out there for down payment too.

Jul 25, 2019 06:33 PM #10
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thanks for stopping by Pat.

Jul 25, 2019 06:33 PM #11
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jeff, it does take thicker skin than most career choices! 

Jul 25, 2019 06:34 PM #12
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Brian, in most areas around the Denver metro area too.

Jul 25, 2019 06:34 PM #13
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Michael, I love assisting those who WANT TO BE homeowners and helping them thru the pros and cons.

Jul 25, 2019 06:35 PM #14
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Roy, it has been hot lately.

Jul 25, 2019 06:35 PM #15
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Sheri, I rented an apartment for a few months while my new build was being built, but none other since I was 22 years old.

Jul 25, 2019 06:36 PM #16
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Jean, I so agree, and better when you pay your own! 

Jul 25, 2019 06:36 PM #17
Rainmaker
4,068,487
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Christi Farrington nice to see your smiling face!   There are even down payment programs to assist those who don't have that money! 

Jul 25, 2019 06:37 PM #18
Rainmaker
241,364
Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Joan Cox nice to be back!! Great seeing you, as well.  

I, actually, wrote a blog last week about a new listing, that people may wish to utilize a great program.

Jul 25, 2019 07:14 PM #19
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Rainmaker
4,068,487

Joan Cox

Denver Real Estate - Selling One Home at a Time
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