Rent vs Buy in Chicago : Advice

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Attorney Ranj…, Real Estate Pro in Chicago, IL
Attorney Ranj Mohip answered:
I'm looking for a rent to own house,where can I find listings
You will have a better chance approaching rentals with a rent-to-own proposition than homes listed for sale. You will also want to engage an attorney to review or draft the agreement. ... more
0 votes Share Flag Wed Nov 5, 2014 Rent vs Buy in Chicago
Laurie Chris…, Real Estate Pro in Oak Park, IL
What is a preapproval and why do I need one?A preapproval is a letter from a mortgage lender that is provided to a buyer for the purpose of identifying how big of a loan he or she will qualify for. It… Read more
Blogged Wed Oct 8, 2014 by Laurie Christofano Home Buying Financing Rent vs Buy
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Ebonie A Cal…, Real Estate Pro in Chicago, IL
Homeownership has always been a dream that most people want for their families.  While both renting and buying have their own sets of financial advantages, renting does appear to have an edge when an… Read more
Blogged Wed Sep 17, 2014 by Ebonie A Caldwell Home Buying Rental Basics Rent vs Buy
Laurie Chris…, Real Estate Pro in Oak Park, IL
Working with first time buyers is one of my passions in the real estate business. There's a steep learning curve in the process of buying a home for the first time, and it's my pleasure to assist buyers… Read more
Blogged Mon Sep 15, 2014 by Laurie Christofano Home Buying Rent vs Buy Investment Properties
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Maureen Moran, Real Estate Pro in Chicago, IL
By knowing how much mortgage you can handle, you can ensure that homeownership will fit in your budget. Homeownership should make you feel safe and secure, and that includes financially. Be sure you… Read more
Blogged Wed Sep 3, 2014 by Maureen Moran Home Buying Financing Rent vs Buy
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Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
How do I qualify for Section 8 housing. Looking for a house to rent on the South Eastside of Chicago
My understanding is the City has a department where Section 8 housing is administered. That is a good place to start.
0 votes Share Flag Mon Sep 1, 2014 Rent vs Buy in 60619
Andy Ogorzaly, Real Estate Pro in Wicker Park, Chicago,...
Many people are wondering how they can still get a bargain in today's competitive market.  Some people have given up completely and are waiting.  However, since we are getting into more of a "normal"… Read more
Blogged Tue Jul 29, 2014 by Andy Ogorzaly Home Buying Rent vs Buy Investment Properties
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Nick Richard…, Real Estate Pro in Winnetka, IL
So why is it you continue to pay down the balance on your landlords mortgage? Why aren't you buying a home to call your own? Is it because you are scared to make that "big" purchase, or is it because you… Read more
Blogged Sun Jul 6, 2014 by Nick Richardson Home Buying Rent vs Buy Rentals
Karen Breen…, Real Estate Pro in Chicago, IL
There are many factors that go into the decision to buy a Chicago home. One of those factors is how long you expect to stay in the home. This applies whether you are a first time homebuyer or stepping… Read more
Blogged Sat Jun 14, 2014 by Karen Breen Elia, ABR, CRS Home Buying Rent vs Buy
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john smith, Real Estate Pro in San Francisco, CA
Aspiring home owners often need to cough up tens of thousands of dollars for a down payment — all while paying for rent, utilities, car insurance, and what seems like a thousand other bills. Some people… Read more
Blogged Tue Jun 3, 2014 by john smith Home Buying Home Selling Rent vs Buy
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Sally Grenier, Real Estate Pro in Boulder, CO
Sally Grenier answered:
I'm looking for a rent to own house,where can I find listings
Rent to own is never a good idea, especially for the buyer. Either you're going to rent, or you're going to buy. Rent to own was more common when we were in a buyer's market and selle ... more
0 votes Share Flag Thu May 1, 2014 Rent vs Buy in Chicago
Michael Rose…, Real Estate Pro in 60654
Long time renters-brace yourself- as city grows so does the popularity of so many neighborhoods, like Logan Square. In turn, landlords are capitalizing on this trend by dramatically increasing rents to… Read more
Blogged Wed Apr 16, 2014 by Michael Rosenblum Home Buying In My Neighborhood Rent vs Buy
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Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
I want to try rent to own do you think that is a good way to go if your credit history is not that good?
jancooper - so glad to read below that you decided to put effort into working on your finances - building up your credit and planning for the future when you can buy a home in the "usu ... more
1 vote Share Flag Fri Apr 4, 2014 Rent vs Buy in 60652
john smith, Real Estate Pro in San Francisco, CA
Millennials – the generation labeled as lazy, entitled, and whiny by most media outlets. And I’m one of them. The number of 18-34 year-olds living with their parents rose from around 27% before the… Read more
Blogged Thu Feb 27, 2014 by john smith Home Buying Home Selling Rent vs Buy
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john smith, Real Estate Pro in San Francisco, CA
It’s Valentine’s Day. Picture a romantic restaurant. Main course is finished. Lights are low. Your sweetheart leans over the table, and with a quiet voice, starts to speak. You prepare yourself for… Read more
Blogged Tue Feb 11, 2014 by john smith Rent vs Buy For Rent Rentals
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Annette Lawr…, Real Estate Pro in Palm Harbor, FL
Annette Lawrence answered:
How do you know if a rent-to-own is for real or a scam?
If a RTO is written in any way that allows the tenant/buyer ANY control interest in the home this will very likely fall under the provision of the Dobbs Franks Consumer Protection Act.( ... more
0 votes Share Flag Tue Feb 11, 2014 Rent vs Buy in 60618
Rusty Payton, Real Estate Pro in Chicago, IL
"A Huge Billion Dollar Slumlord." That is how one tenant describes her landlord - one of a new crop of investment firms buying and renting residential homes by the tens of thousands across the United States.… Read more
Blogged Fri Oct 25, 2013 by Rusty Payton Rent vs Buy For Rent Rentals
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john smith, Real Estate Pro in San Francisco, CA
Do Americans love their neighbors as themselves? Although “love” might be pushing it, most Americans are pretty happy with their neighbors. To understand how Americans feel about their neighbors,… Read more
Blogged Thu Oct 24, 2013 by john smith Home Buying Home Selling Rent vs Buy
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Jeff Nobleza, Real Estate Pro in 60640
Here are some real life examples of where it would be less expensive (on a monthly payment basis) to buy instead of rent.655 W Irving Park in the Lakeview neighborhood (60613) - There's an updated studio… Read more
Blogged Sat Sep 28, 2013 by Jeff Nobleza Market Conditions Home Buying Rent vs Buy
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