With so many people using FHA loans to buy homes in Riverside, we get a lot of questions about the program, and one of the hot buttons is always the FHA mortgage insurance. If you have questions about
Your first step should be to locate and hire a REALTOR, not just a real estate agent on an exclusive basis. Be sure your REALTOR has a minimum of five yearsâ€™ experience and 100+ transactions.Â
Personally I don't think there is a definite answer for your question. From a Realtor point of view, it is a good time to buy, interest rate is low, lots of supplies, sellers are more willing to negotiate. A lot of factors favoring a buyer, it is a good time to invest if you are serious of buying. Owning a house requires extra responsibilities, home insurance, property tax, take care of all the wear and tear, it takes effort and structure. But it is always yours, the feel of belongings that you won't have when you rent.
In our market, paying rent is higher than paying a mortgage payment, if situation allows, why would a person wants to rent than buy?... more