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Rent vs Buy in Texas : Real Estate Advice

  • All818
  • Local Info38
  • Home Buying414
  • Home Selling124
  • Market Conditions15

Activity 86
kri_21,  in Azle, TX
Thu Aug 16, 2012
kri_21 answered:
Don't know if you are still interested in Azle, but I am actually looking to put my home up for sale or rent. Its on Red Oak St, by the High School, and I would be very interested in doing a rent to own set up. My house is two bedrooms and one bathroom. It has a nice size kitchen and single car garage. The house is right at 950 square feet and sets on a little more than half an acre. ... more
0 votes 3 answers Share Flag
Mike Ponting,  in Northborough, MA
Thu Aug 2, 2012
Mike Ponting answered:
It will be easier to rent than to buy. When a landlord has your credit checked, they are looking to see if you pay your bills on time. In addition you have to ask yourself if you are living within your income. Too much in credit card debt will bring your credit score down along with not paying your bills on time. ... more
0 votes 1 answer Share Flag
Voices Member,  in Austin, TX
Sun Jul 29, 2012
Voices Member answered:
Always a demand in West Campus. $70+/SF.

Now, what you build will determine the demand. Are you building something janky, but with all the modern amenities students enjoy, and at a monthly rental rate lower than currently offered?

Or, are you building the Taj Mahal and charging exorbitant rates?

Is it east of San Gabriel, or west of Leon?

The WC market is saturated with new builds, as is. When The Block starts offering 100% commission structures, you know the competition is stiff. What will you be offering that sets your build apart from the others?


Aaron Marcus
Realtor® | 512.696.0490
Voted #1 real estate company by Daily Texan's UTMost FOUR times in a row!

West Campus Living | The Good Life
504 W. 24th Ste C., Austin, TX 78705
O: 512.588.2969 | F: 512.236.5237
www.westcampusliving.com
... more
0 votes 3 answers Share Flag
Fred Yancy, Real Estate Pro in Woodstock, GA
Sun Jul 15, 2012
Fred Yancy answered:
7 Reasons to Own Your Home
1.Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2.Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3.Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4.Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5.Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6.Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7.Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Fred Yancy,Broker
Crye-Leike Realtors
(678) 799-4663
... more
0 votes 10 answers Share Flag
April Peart,  in Houston, TX
Wed May 2, 2012
April Peart answered:
Hi Stephanie! I think we can find just what you are looking for! please call me at 832-654-2315 to set up a time to get together.

April Peart
Realm Professionals Realty
0 votes 3 answers Share Flag
Cindy LaPeer…, Real Estate Pro in Spring, TX
Mon Apr 2, 2012
Cindy LaPeer Team answered:
Hi Shawn,

The best thing to do is contact an agent who can send you possible listings that may interest you. At the same time prepare a "package" to present to a potential owner in which you include your references, letters of explanation, letter of intent, etc. It may be a little trickier, so be prepared for a little more effort.

I'd be happy to discuss it further with you.
Cindy LaPeer
Broker Owner
Home Solutions Real Estate
832-876-4288
cindysellshouses@gmail.com
... more
0 votes 2 answers Share Flag
Paula Piper, Real Estate Pro in Corpus Christi, TX
Sun Jan 29, 2012
Paula Piper answered:
paula-piper.com is a home search website. Browse at your convenience. If you need any help contact me. 361-688-7067
0 votes 5 answers Share Flag
Tania Doming…, Real Estate Pro in Martinez, CA
Fri Nov 4, 2011
Tania Domingue answered:
Hi J, to be more specific in regard to my answer, once foreclosure is done, it is in the best interest of the home owner to work on their credit right away if they are thinking about getting another home sooner. As far as how many points it goes up by, it will depend on their situation what other derog they have on the credit collections bankruptcy ect... so it varies. FHA VA Fannie Mae Freddi Mac would give them a loan to purchase after 2 or 3 years of foreclosure depending on the lender. but they would have to work on the credit right after foreclosure. you can go on my website www.vrtmg.com/DTANIA you will find some good information in regard to credits. I thank God for giving me though transaction throughout my 6 years of doing mortgage I 've learned a lot. Hopefully more experience people can post more information in regard to that as well we are there to help each other. And also verify with loan officers because each bank has their guidelines in regard to purchases and refinances as well. ... more
0 votes 8 answers Share Flag
Stamanze, Home Owner in Conroe, TX
Thu Oct 6, 2011
Stamanze answered:
I am not a real estate agent but I am looking for renter for a beautiful 4 bed/3 bath/2 garage home in Mosswood off the River Plantation exit 82 on I45. We live off the Crighton Rd exit in Conroe and really love the area. If you would like to know more post a response and we can get in touch. Erica ... more
0 votes 3 answers Share Flag
Hassan B, Real Estate Pro in Wylie, TX
Thu Aug 18, 2011
Hassan B answered:
If you statrt now then by the end of january,you wolud be in your own home.
Call me 214-263-6530
Email me hassan butt69@hotmail.com
0 votes 17 answers Share Flag
Bruce Lynn, Real Estate Pro in Coppell, TX
Mon Aug 1, 2011
Bruce Lynn answered:
The link below is what I show that is available and takes pets.
If any of these catch your eye please let me know.
We need to double check and see if they allow cats and are still available as the
best rentals often move very very quick here.
... more
0 votes 2 answers Share Flag
T.E. & Naima…, Real Estate Pro in Dallas, TX
Sun Jul 31, 2011
T.E. & Naima Sumner answered:
There are homes listed for sale that the owner will make some kind of deal on, such as seller-financing or converting a lease to a purchase later. But understand that many sellers don't like rent-to-own because of the burden imposed by state law on them. ... more
0 votes 3 answers Share Flag
NonRealtor, Other/Just Looking in 23456
Thu Jun 23, 2011
NonRealtor answered:
Hi Kayla,
Rent. It's safe and you're not going to lose thousands of dollars if you have to relocate. Good Luck
0 votes 4 answers Share Flag
Gregorio Den…,  in San Diego, CA
Wed Jun 22, 2011
Gregorio Denny answered:
An RV is a vehicle, it's not real property. You are asking this question on the wrong forum. What you need is the department of motor vehicles or the equivalent in Texas. However, I would imagine that you would want to obtain the title to the RV if you are purchasing it just as you would with any vehicle you are purchasing. ... more
0 votes 2 answers Share Flag
Jason Campbe…, Real Estate Pro in San Antonio, TX
Mon Jun 13, 2011
Jason Campbell answered:
There are those who have the horror stories of how hard it was to buy a home... but talk to any one of my clients.. and they will tell you... it was just as easy as qualifying for a rental. But we make it easy... Renting is always a bad move... throwing away money with no tax benefits, no equity, but your landlord loves you for paying their mortgage for them :) ... more
0 votes 19 answers Share Flag
Susan Casas, Real Estate Pro in San Antonio, TX
Mon Jun 13, 2011
Susan Casas answered:
Dear Ashlanay,

What a great question, my answer would to to buy. Get informed first and the options that are available to you.

There is a great program that I would like to discuss with you and my lender is one of the best.

If you would like more information concerning rentals or maybe possibly applying for a home loan, contact me anytime. Good Luck on your home search.

Susan Casas
210-835-6696
susan.casas@century21.com
... more
0 votes 9 answers Share Flag
Nancy W. Sua…, Real Estate Pro in Houston, TX
Mon Jun 13, 2011
Nancy W. Suarez answered:
Heather,
Thanks for your inquiry about Brookwood Elementary School and homes that are zoned to that particular school. I am a former resident of Brookwood and have sold homes in both of the premier neighborhoods that attend the school = Pine Brook and Brookwood offer many great homes. I would be happy to meet with you to discuss your needs in a specific home. I have helped several people buy in the area also. Being a resident in the Clear Lake Area for over 15 years gives me great insight to this community.
I have also volunteered at the elementary school as my daughter has completed her entire education through the CCISD and ejnoyed her years at Brookwood as a leader in many areas!

There may be other apartments and patio homes that are zoned to Brookwood also. Please let me know if you have an agent that is helping you find just the right home. If I can be of assistance, please contact me and I will schedule time to meet with you. Also, you will want to get preapproved for a mortgage to speed up the process. If you are hoping to get settled before the fall school begins, call me today!
Look forward to hearing from you soon.
Nancy
832-415-4753
... more
0 votes 8 answers Share Flag
Vijaianand T…, Real Estate Pro in Houston, TX
Fri May 6, 2011
Vijaianand Thirnageswaram answered:
Yes you should be able to if you havea good employement history and rental history. I am a landlord myself and both of my tenants don't have credit score but they also don't have any recent criminal background which I check. So if your crimnial record is old enough and can support with good stream of income to pay the rent, landlord like me might be will to open and give a second chance. ... more
0 votes 6 answers Share Flag
Vijaianand T…, Real Estate Pro in Houston, TX
Fri May 6, 2011
Vijaianand Thirnageswaram answered:
Yes you can do it if you know the landlord. Most landlords needs a security before giving the property to renter so they can sleep better having the money if anything goes wrong in the future. I am landlord myself in northwest area and I had some bad experience with tenants so I wouldn't do it myself unless I know the person very well.

Talk to the landlord and show you can pay off by using your paycheck or some financial backing and give it a try.
... more
0 votes 4 answers Share Flag
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