Of course price is relevant; if by relevant you mean not over paying for a property? Would you choose to pay above market rate for anything? And it certainly matters if your financing as the final price will determine what your monthly payment is. I'm truly puzzled why you might believe acquisition cost isn't a significant factor when making an offer on a property. I'd be curious to read your explanation of what I consider a very unusual perspective.... more
Rent v/s Buy? I see that you almost answered your own question in last couple of lines. "Renting is getting expensive day by day." I would say do your math: calculate your interest payment, your tax savings, and equity position in five years from now and rent money that throw away and make your landlord rich. You can decide to make your mortgage payment or others... choice is yours!
I would be happy to discuss more at one on one consultation at no obligation if you like.
Good luck to you,
With interest rates at an all time low this is a good time to buy. There are a couple of lenders with very good programs for first time home buyers that are better than FHA. Stop your rent from increasing and buy your first home!... more