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Rent vs Buy in Simi Valley : Real Estate Advice

  • All227
  • Local Info16
  • Home Buying77
  • Home Selling6
  • Market Conditions7

Activity 2
Mon May 21, 2012
Barry Shapiro answered:
There are a lot of reasons to rent, rather than buy. In many cases today, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant. If you plan to relocate in a year or 2-3 years from now, Buying may not be the best choice. As a renter, your monthly payment already goes towards:
Property Taxes and Special Assessments
Home/Hazard Insurance
Home Owner Association (HOA) Fee: Doesn't apply to all purchases. It pays for items such as trash & maintenance of common grounds if applicable...
I hope this helps! Contact me through my profile if you'd like a free 1st Time HomeBuyer book....
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Sat Apr 14, 2012
Chris Chin answered:
Hi Rascal,

1115 Catlin #A has not sold. It is currently active and has been on the market for 87 days. This property may rent between $1800 and $2000. And the time it takes to lease the property would depend on how aggressively you price the rental.

Chris Chin
(805) 258-2870
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