Rent vs. Buy

A recent article in Forbes Magazine highlighted findings in a report done by Trulia, where it was determined that in 98 out of 100 of the major metro areas of our country, it is actually less expensive to buy a house than it is to rent one.  And, in the other 2 areas, what Trulia found is, when you factored in the mortgage interest deduction on your taxes, for someone who is itemizing on their tax returns, it is actually cheaper to buy versus rent.  When you factor that in, in 100 out of 100 major metro areas, it makes more sense to purchase a home, rather than rent one.

With rents projected to consistantly increase, if you've been considering buying, now is the time!!

Interest rates and sales prices of properties are still at one of the lowest points in history.  Get pre-approved so you not only know what you can afford, but so that you have the negotiating power in an offer/counter offer situation.  Get aligned with a realtor who knows your area.  DO NOT try to buy a home without utilizing the expertise of a licensed real estate professional.  You don’t pay them, the seller does, so why wouldn’t you use this free service!  There’s never been a better time to own a home!