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Home People who Rather Rent then Buy Real Estate

People who Rather Rent then Buy Real Estate

People who Rather Rent then Buy Real Estate. Not everyone is meant to own a home to live in andBurning cash = Renting a Home that is an acceptable fact. Some home buyers will never be able to get a mortgage, some people will stay living with mom and dad, some have gone through foreclosure and others rather throw their money away in rent!

I field calls, as most real estate agents do, from consumers regarding rental properties constantly. That is not my business, my business is selling Rhode Island real estate and rentals happen rarely for me. As a North Kingstown real estate agent it is more important to focus on my buyers and sellers properties.

Still I find buyers are still thinking they are going to find that 'perfect' home to suit them. No home is perfect just like life is not, adjustments must be made, give and take happens and a consensus or compromise results. This is my take on buying. So why are you waiting buyers? You will never have mortgage rates so low and you are losing ground everyday you make a rental payment instead of a mortgage payment - it is like burning cash!...Really.

One of my clients' tenants moved out today and I was ensuring the home was broom clean and ready for the next tenant. $1500 a month this man figuratively threw in the garbage for 3 years by renting this home when he had the money to buy a home. That is $18,000 a year times 3 years = $54,000 he lost in home equity by not stepping out to by a home. He finally did just buy a condo with his brother...hallelujah I told him.

This nice gentleman told me he was very foolish to wait the extra 2 years to buy and he knows he lost good home deals. But at least he sees that he now has a small 2 bedroom home that is his now. Yes, he said "Ginny, you were the crystal ball I could not see" Really, never thought I would be deemed that one. Finally, he does not need to worry about when the landlord will hike the rent and by how much! Yes, the rent is going up here ...as all residential rents are in my South County RI area.

There are VA, FHA and USDA loans that can suit most good buyers needs...so get to your mortgage broker and then reach out to me for the thoughtful real estate and home guidance you will receive at 401.529.7849. People who Rather Rent then Buy Real Estate.
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Ginny Lacey Gorman is a North Kingstown Realtor who works and knows the North Kingstown RI geographic area of homes for sale, schools, happenings, important tidbits of information and businesses well. Waterfront, water view, ocean front, luxury and coastal RI real estate are her specialty, so call Ginny for your buying and selling home needs. As North Kingstown short sale agents, she and her team helps clients navigate successfully the rough short sale waters throughout RI, contact Ginny if you are having trouble paying your mortgage. When you are in need of an internet savvy RI realtor® who sells homes in this real estate market, call Ginny today at 401.529.7849.
Posted Tuesday Feb 07