Posted by NewBuyer on January 4, 2010 | No Comments
An easy-to-read table highlighting the advantages and disadvantages of both renting and buying a home.
From the resource: “If you are considering buying a house, one of the first decisions you need to make is whether buying a house instead of renting one is the right direction for you. Since owning a home is the “American Dream”, many people simply assume that it’s always to their advantage to buy a home, and for most, it is. Take a moment to review the following table to see how your situation fits in. Items in the green boxes are advantages and in the red boxes are disadvantages.”
Source: HBIC
Read More About Renting vs. Buying a Home at Newbuyer.com
Posted by NewBuyer on January 3, 2010 | No Comments
A brief decision table and rent vs. buy calculator that answers the question “Am I better off renting?” The results are presented in report and graph form.
From the resource: “This calculator calculates whether buying a home is a better deal than renting. In some cases, renting may be cheaper than buying. For example, renting often requires a smaller monthly cash outflow than a combined mortgage payment that includes principal and interest, insurance and taxes (P+I+T+I) and, possibly, mortgage insurance.”
Source: Freddie Mac
Read More About Renting vs. Buying a Home at Newbuyer.com
Posted by NewBuyer on January 2, 2010 | No Comments
One of our favorite resources that explains the pros and cons of rent-to-buy contracts. Many points are covered in this compact article, such as: how a rent-to-buy agreement works, pitfalls for the buyer, advantages for the seller and for whom a rent-to-buy contract works best.
From the resource: “(Rent-to-buy contracts) can be helpful for those sitting on the fence but shouldn’t be utilized by anyone who isn’t serious about eventually buying the home. Rent-to-buy should be made as part of a plan to own a home, otherwise it will end up costing more money in fees and above-market rent payments. Make sure the eventual purchase is driving the decision to enter a rent-to-buy.”
Source: ForSalebyOwner.com
Read More About Renting to Buy a Home at Newbuyer.com
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