Rent vs Buy in 75093>Question Details

pjswaku, Other/Just Looking in Plano, TX

rent versus buy

Asked by pjswaku, Plano, TX Sat Sep 15, 2012

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13
Dallas Texas’ answer
Happy to interview your detail all the facts. KEEP in mind owning a home you receive annual tax benefits

Contact my office today where I can show you many amazing homes work with your family specifications.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
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Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
http://www.facebook.com/lynn911dallas
1 vote Thank Flag Link Sat Sep 15, 2012
You really need to pay attention to many factors such as: income, future goals, interest rate, market history of the spesific area. For you convenience write down everything, it will help you to come up with a proper decision. Don't forget to make a list of advantages and disadvantages, it may help a lot.
Web Reference: https://paydayloansat.com/
0 votes Thank Flag Link Wed Sep 19, 2012
In days past, the quick answer was always to purchase if you planned to stay for more than a couple of years. Now, an abundant supply of rental options exists that makes the decision much more difficult. The decision become very simple if you are credit challenged and/or just starting your own business......leasing is pretty much the only option. If you can qualify for a mortgage, however, today's market also provides some very attractive opportunities if you know where to look and what to look for.
0 votes Thank Flag Link Mon Sep 17, 2012
Hi pjswaku,

Just like most agents have already weight their opinions.

But there is just not right answer for this - it will all depends on your financial situation and how long you plan on staying in a place.

Good luck with whatever you have decided.

Thanks

Dixon
realtor
JP and Associate
http://www.findyourtexashome.com
0 votes Thank Flag Link Mon Sep 17, 2012
The calculator provided by the link below provides you with more accurate data which helps you with your particular situation;
http://www.texasfivestarrealty.com/rent_vs_own.asp
0 votes Thank Flag Link Sun Sep 16, 2012
Depends on your circumstances, to consider--It’s all about costs and lifestyle. Costs—financing v. moving-in, mortgage v. rent, repairs v. upkeep. Lifestyle—stability v. mobility, predictability v. flexibility, equity v. freedom from debt. It used to be all about equity. Now, there are other variables to consider in the balancing of the buy/rent equation.
0 votes Thank Flag Link Sun Sep 16, 2012
If you buy a property annual home price change, normally increase in value, this is called equity. As a homeowner, you can deduct interest, property taxes and homeowners insurance in your income tax. Annual rent always increase, but you won't see this money again ( No deduction in your income tax).

Check all the benefits that ownership can offer you, it really makes sense to buy if you qualify for a mortgage.

Best of Luck,

Maria Cipollone

http://www.Flahomespecialist.com
0 votes Thank Flag Link Sun Sep 16, 2012
If you use this helpful calculator provided by the NY Times it may help you with your particular situation;
http://www.nytimes.com/interactive/business/buy-rent-calcula…
0 votes Thank Flag Link Sun Sep 16, 2012
I normally will sit down and ask you a few questions about how to determine this such as, how long do you plan to stay, how stable is your income, why do you want to buy, etc.

You might want to check out this article:
http://money.cnn.com/gallery/real_estate/2012/09/06/buy-rent…

If you have stable or growing income and think you might be in the same place for 4-5 years, buying may make sense. Financially it could be much cheaper than renting.

Feel free to call me and I can walk you through some of the questions I normally ask potential buyers.

To check out some homes in the area follow this link:
http://www.metroplexhomesalesinfo.com/listings/propertytype/…
0 votes Thank Flag Link Sat Sep 15, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Low prices and record low interest rates have made buying a home more affordable than it’s ever been AND a bargain compared to renting. One may ask why would people rent instead of buy a home especially now? How much would they benefit if they buy instead of rent? See answers to these questions by going to my blog that describes in a very deatl benfeit of owning vs. renting both from financial point of view as well as other benefits:
:http://www.texasfivestarrealty.com/MyBlogs_Rent_vs_Own.asp
0 votes Thank Flag Link Sat Sep 15, 2012
There is no better time to buy but now for many reasons:

1. Interest rate is really low but we don't know for how long.
2. You'll get a tax break from owning a house.
3. In 30 years you can sell your home. If you are renting in 30 years you sell nothing.
4. Inflation. With this word in mind you know that the price of homes is going to climb up.
5. Depending upon where you are planning to buy, not only we have FHA loan which requires 3.5% down but we also have USDA loan with nothing down. In Plano there will be no USDA loan.

I'd be happy to assist you if you are not currently working with a realtor. Feel free to call at 469-371-2899.

If you are a foreigner who do not have much credit history or if you have problems with your credit, I can hook you up with some lenders who can help.

Best of luck,

Susie Kay, Realtor®
GRI, CHMS, SFR
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net

http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Sat Sep 15, 2012
Still a great time to buy, not to mention some tax breaks as well. There are programs like FHA where for only 3.5% down you can purchase a home. I have also heard that a bank is now doing 3% down conventional loans. You need to find a good lender here is a link where you can check what you qualify for online: http://www.servicefirstmtg.com/lo/cj-winchester

If you would like to know what is available in your area drop me a line or give me a call I would be happy to be of assistance. linda@lindalorenzo.com
0 votes Thank Flag Link Sat Sep 15, 2012
With such low interest rates and affordable home prices, its never been a better time to buy! Call me for more info: 469.450.1326

Andrea Brooks
Keller Williams
0 votes Thank Flag Link Sat Sep 15, 2012
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