If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.
“moving can already be one of the most stressful times in a person’s life…” For renters who aspire to be home owners, transitioning from an apartment to a house requires a shift in their thinking that they may not be prepared to make. The financial changes that come with owning, the need to consider planting […]
Buying a home costs money. Lots of money. There’s the down payment and the monthly mortgage payment and the maintenance and taxes and the insurance and… Are you overwhelmed yet? It might seem like so much that you just want to put off the house hunt and sign that yearlong lease with your landlord (even though he […]
This article from RealtorMag shows the 7 worst markets for renters to become homeowners… First-time home buyers are facing tougher mortgage underwriting standards and tight inventories in the lower-priced home market, says National Association of REALTORS® President Steve Brown. It’s preventing some renters from purchasing homes, housing experts say. In some markets, renters are […]
American renters getting squeezed. This article from 07/05/12 in the Realtor Magazine talks about how landlords are increasing their rents and making it difficult on renters who would like to buy but can’t get qualified… Rents continue to inch upwards and many renters say they know it would be cheaper to buy a home than […]
Americans still believe in home ownership, but they’re spooked about the mortgage process, a survey finds…Article I found in the March 28th issue of RealtorMag talking about how renters still want to purchase homes in spite of the housing crisis… Two-thirds of renters — across educational and demographic levels — say they want to purchase […]