Should You Buy or Rent?

We all want to have a piece of America, and for those who are thinking of buying real estate the question remains, is it a good time to buy?

Never mind if the prices are going to get any lower, the real question to consider when buying real estate is, Should You Buy or Rent?

While we watch the real estate market plummet there are different factors to consider before you can answer yourself if the time for you to buy is now, such as:

• How many years do you plan to live in your home? (Average is 4-5 years)
• Do you have good credit? (This will determine your interest rate and mortgage payment)
• Do you have extra funds saved? (Owning costs 30% more than renting)
• Renting gives you more freedom
• Owner's have more work to do (but can customize their home and have pride of ownership)
• Owner's build equity depending on housing market conditions

Find out whether Buying vs Renting is best for you.

Should You Rent or Buy?