Many people are wondering with today’s staggering economic downfall, whether they should buy a home or simply rent a home. Forbes had an article, The Next Mortgage Crisis, that laid out some interesting points.
You should considering buying a home if:
1. you can afford to buy
2. you want to build equity in a home as a source of retirement security
3. you want to take advantage of the tax benefits of home ownership with mortgage interest and property tax deductions
1. you can afford to buy
2. you want to build equity in a home as a source of retirement security
3. you want to take advantage of the tax benefits of home ownership with mortgage interest and property tax deductions
You Should Consider Renting If:
1. you can’t afford to buy
2. you have not saved an emergency fund of at least 3-6 months worth of expenses
3. you do not qualify for a reasonable interest rate on a mortgage
4. your income is unstable
5. you like having the option of moving around frequently
1. you can’t afford to buy
2. you have not saved an emergency fund of at least 3-6 months worth of expenses
3. you do not qualify for a reasonable interest rate on a mortgage
4. your income is unstable
5. you like having the option of moving around frequently
4. Showing time Saturdays and Sundays from 2:00 pm to 4:00 pm. Monday to Friday from 5:00 to 6:00. Call before showing 24 hours in advance. Here we go again. The tighter the time frames for showing and more restrictive, the less showings you will have. If you know that you are only allowing people to view the home for two hours a day on the weekends and one hour a day during the week, is it really necessary to also have to call 24 hours in advance? Just make it available! Otherwise, loosen up the time frames.