Jill Schultz, Home Buyer in 10025

As the market is changing so quickly, which would be better renting or buying for smaller ( one bedroom) apart

Asked by Jill Schultz, 10025 Wed May 14, 2008

apartments in new york?

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Answers

3
It depends if you are planning to stay more than a couple of years, I would definately suggust its a great time to buy,The rates are low and there is lots of inventory available to see. If you do have bad credit then it would be a good idea to rent till your credit is straightened out,consult an experienced loan officer for details.It is also depending on the area you have choosen to live. Should you have any question feel free to call me anytime on my cell at 914-589-6741
0 votes Thank Flag Link Sun Jun 12, 2011
Hey Jill,

It depends where you want to go, every market in the boroughs is different,. for example in Staten island, is a great time to buy a one bedroom apartment they range from 100k to 200k, rather than rent. In Brooklyn or the city, depending on your financial circumstances, I think the prospect of renting is more reasonable.

Well, I hope this helps, if you have any questions dont hesitate to contact me
Cgalindo@prosperityREG.com
(718) 698-2179
(646) 302-1470
0 votes Thank Flag Link Thu Jun 12, 2008
Rent vs Buy calculator would be a good place to start.
http://www.nytimes.com/2007/04/10/business/2007_BUYRENT_GRAP…
0 votes Thank Flag Link Mon May 19, 2008
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