Weekly if not daily our team has a conversation with customers regarding
buying vs. renting. Many conversations with customers that are on the fence on
buying their own home tell us “I've decided to rent since renting is cheaper
than buying a home” or “I've decided to rent until I can save up for a down
payment.” So let’s address the ever popular question we hear almost every day "Is
renting a home cheaper than buying a home?" Actually, in many cases it is not. In today's market we've worked with many clients who spend less on their monthly mortgage payment
than they did on their rent. Let me explain further. At the present time it is a buyers’ market because of the dip the
values of properties within the area have taken over the last four years. And
with the interest rates at an all time low as they are it is a perfect time to
buy. In recent months our team has helped a number of people get into their
first homes with zero down payment, zero closing cost, actually no out of pocket
cost, and their monthly payment is actually lower than what they were paying in
rent. For example, a young
couple’s mortgage payment was $300 cheaper then what they were paying for in
rent plus they were living in a much nicer home than the rental property was.
In addition to their financial savings, they are building equity with their new
home purchase. It is important to work with an agent with experience and is an expert
negotiator to ensure you’ll get the best possible deal with your home
purchases. Our team will walk you through a comfortable and enjoyable home
buying experience. I am
fortunate to have an excellent team that values timely communication, excellent
customer service, and ensures all your needs will be met. Remember the question
is not "Can I afford to buy a
home?" it's "Can I afford not to?"
Author:Kelsey Rorabeck Phone: 715-529-1410 Dated: September 10th 2013 Views: 514 About Kelsey: Kelsey was a student athlete for 4 years at Augsburg College and received the Joyce Plaff (scholar a...
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Whether you are buying or selling your home, the 'Rorabeck Real Estate Group' with Keller Williams Realty Integrity WI/MN will make sure your experience is a pleasant one. We pride ourselves on our close to 30 years of experience and our superior customer service within St. Paul, MN, Hudson, WI and the surrounding Western WI areas. Contact us for your home buying & selling needs. "Who do ya know wants to buy a home?"
""Dan is an expert in the housing market. He stepped into my house and he knew what the appraised value was going to be. He was up front and honest with that from the beginning. He knows the market and he knows buyers. He sold my house for the appraised value, zero days on the market!""