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Rent vs Buy in Wisconsin : Real Estate Advice

  • All189
  • Local Info10
  • Home Buying107
  • Home Selling25
  • Market Conditions7

Activity 5
Thu Jul 5, 2012
Chris Bennett answered:
Sure, there are places that accept short term leases. Are you looking to buy after the lease is up? Would a rent-to-own arrangement be beneficial to you? Give me a call at (608) 770-2144 or e-mail me at cbennett@homes4salewi.com if you would like to get a list of homes in the Madison area.

-Chris Bennett
(608) 770-2144
CBennett@Homes4SaleWI.com
www.Homes4SaleWI.com
... more
0 votes 2 answers Share Flag
Sun Nov 11, 2012
Carlos Herrera answered:
In all honesty, your guess MAY just be as good as ours for the future conditions of the housing market. Many different factors can make a difference in a few years from now.

I really do think, however, that you have answered your own question and made some valid points for yourself about buying.

Prices are very low right now. I do think the market has began SOME stabilizing which doesn't necessarily mean that prices will jump up, but it doesn't mean that they will go any lower either. Mortgage rates aren't very high at all right now. Between that, home prices being low and the ability to buy with several low down payment programs, I don't see any reason not to buy. You already know that renting is quite possibly costing you more, and even if it was costing you the exact same amount, you're paying someone else's mortgage.

With rent vs. buying there are pro's and con's to each. You may not want to deal with big repairs and other issues that could arise from owning. Then again you may not want to deal with a landlord, changing rent rates, the potential of not getting a lease renewal the following year, etc.

In my opinion, I say go for it. Buy.
Get to a mortgage professional and see where you stand. See how much you qualify for and do some looking around at houses. This might give you a much better insight as to whether the market has what you are looking for right now, with what you can afford.

Best of Luck!
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0 votes 10 answers Share Flag
Mon Oct 28, 2013
Nan Brennan answered:
Hello,
With rent to own there are usually many things sellers take into consideration such as how much can you afford to put down, how soon can you buy, and your credit history. I would be willing to discuss it with you if you want to contact me at nbrennan@new.rr.com
Nan Brennan
Century 21 First Realty
Appleton, WI
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0 votes 3 answers Share Flag
Tue Oct 12, 2010
Patrick Thies answered:
You may need to clarify your question. Not exactly sure what you are asking here. If you mean can a landlord continue to collect rent from a tenant on a foreclosure or paid loan, the answer is yes. What the landlord does with the rent money has nothing to do with the lease signed by the tenant. The tenant has agreed to pay $XXX for XX months. If the tenant stops paying rent, they are then in breach of the lease. ... more
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Wed Jul 7, 2010
Landa Pennington answered:
Yes, requests for rentals have increased due to folks who do not qualify for a loan due to credit issues.
0 votes 1 answer Share Flag
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