Is Buying Really Better than Renting Right Now?

Spokane Real Estate Expert - Ross Quintana

This question is poping in the minds of many people right now with the economy the way it is and fears of unemployment. Sometimes people think of owning a home as a big commitment that is hard to get out of. Here are the two things to consider when comparing renting versus buying.

1. Commitment - You may think renting is like dating and buying is like marriage, but the fact is that renting comes with the commitment of a lease which you can not break. Home ownership comes with the option to sell at any time. Find the right agent and you will move it even in a slow market. Buy right and a great agent can sell high in low markets (OK insert TQ plug here).

2. Cost - Home owning with these low rates can't get any cheaper. Homes are priced low with flexibility because of all the choices. Now is a great time to buy. You'll thank yourself when the market goes back up. Or you could rent in a down market with low prices and then wait until things look better and prices are higher.

Cost and commitment of buying are both better than renting. Buy low sell high. This is a great market for buyers.

Call us for personal advice on your situation. 509-362-1966