To Rent or To Own - That is the Question

By
Real Estate Broker Owner with Riede Real Estate, Lic. 01310792

Rent versus Own CostsAre you renting right now? Been a little scared about taking that first step toward buying a house or condo?

That's good.  I hope you are a little frightened.  You should be. Perhaps, with that attitude, you will do your homework, first.

Many of the homeowners in trouble right now, didn't have a Realtor that helped them find a good loan and many of them unfortunately didn't listen to their Realtor. If there is anything to be learned from what has happened with all these foreclosures, it is that a home buyer's home loan is the most important aspect in homeownership. Be sure to click and read steps toward homeownership.

And for heaven sakes, Don't use your home (equity) as an ATM machine!

Rome wasn't built in a day...take your time...save, pay your bills on time and your dreams will come true.

If you like what you read here on Sacramento Real Estate Voice simply click and subscribe FeedButton to get the latest articles sent to your email.

If you have a real estate question that you would like an answer to, be sure to check out Ask Real Estate Question and read what other home buyers and home sellers have asked and feel free to ask your Real Estate question by email. Perhaps, your question will be part of the next article featured on Sacramento REAL Estate Voice. Just ask the Real Estate Broker and owner of Riede Real Estate, Gena Riede.

Remember, you can click on Search for Homes Sacramento MLS and chose bank owned homes in all of the Sacramento and surrounding areas. Plenty of 1st time home buyers are approved and ready to buy one of these great deals.

Other Home Buyer Articles:

How To Have Peace of Mind When Buying a Home

What Every Home Buyer Must Know

When Should a First Time Home Buyer Buy a House?

New Home Buyer Information You Need to Read

First Time Home Buyer's Check-Off List - Part 1

First Time Homebuyers Check-off List Part II Write An Offer

Shall I Buy a House or Rent

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The Ninety-ninth Percentile
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gena riede

Comments 2 New Comment

Rainmaker
334,754
Ann Cummings
Portsmouth NH Homes - Service With a Smile!
RE/MAX By The Bay - NH and Maine

HI Gena - great advice for those buyers thinking about getting into the market.  Buyers should make sure they are given those Good Faith Estimates and understand the costs associated with the purchase.  And you're right, it's not always about just the rate - the program is just as important.

Ann

January 06, 2009 05:31 AM
Rainmaker
246,043
Gena Riede
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
Riede Real Estate, Lic. 01310792

Ann, so many times as evidenced by what we are seeing today, home buyers don't take the time to understand their mortgage loans, ask the right questions and get a "good faith estimate." I hope if nothing else that this has taught everyone the importance of understanding their home loans.  Getting prequalified BEFORE looking at houses and condos is a MUST for every home buyer.

January 06, 2009 08:54 AM
Rainmaker
246,043

Gena Riede

Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
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