Renting Vs Owning Property: How to Make the Call?

By
Real Estate Services with Think Glink Media

The decision to rent or own a home is not an easy one, but here are a few things to consider before you make your decision.

 

 

You should rent your home if:

 

  • you aren't sure where you want to live
  • your job is not secure
  • you may get married or have kids in the next few years
  • you can get a better deal
You should buy the home if:
  • you are certain the home is right for you
  • you have a secure income and line of credit
  • your personal life is stable, and probably won't change for awhile 
  • you think home prices in your desired neighborhood will rise




 

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Topic:
ActiveRain Community
Location:
Illinois
Groups:
1st Time Buyers
Addicted to Active Rain
Advice for Buyers
Real Estate Trends
Tags:
real estate advice
renting v buying
rent or buy
personal finance

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Rainmaker
341,943
Don Wixom
"Looking out for your next move..."tm
RE/MAX Advantage Nampa, ID

Ilyce, great bullet points for home buyers to ponder. I have seen several people buy wen they shouldn't have. Life changes quickly & stability is important before you sign on the hundreds of dotted lines!

September 24, 2010 09:28 PM
Rainer
50,855
Brenda Busch
EXIT Top Choice Realty

This is right on target for prospective buyers to consider.  The stability of your life and your source of income are the most important things to consider before you purchase.

September 25, 2010 09:40 AM
Rainmaker
1,054,979
Wallace S. Gibson, CPM
LandlordWhisperer
Gibson Management Group, Ltd.

Renters want MOBILITY and until EMPLOYMENT is more secure across the country, UNDERemployed will want to rent in order to be able to move and take better paying jobs!!!

September 27, 2010 09:58 AM
Anonymous
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Rainmaker
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Ilyce Glink

Best-selling author, award-winning TV/radio host.
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