Conditions within the current real estate market have forced many current renters and home owners to reevaluate their current status. The challenges of home ownership or buying a new home have increased due to higher prices and heavier down payment requirements. Supply chain and rising materials costs are impacting the ability for many to upgrade or renovate to keep in line with eventual resale value. As a rental tenant, you miss out on equity and tax benefits, while having the ability to move, typically within a year, whether for personal preference or a change in personal or family situation.
Deciding between renting and buying has been even more challenging because most people giving advice are motivated toward one way or the other before you ask them. A real estate agent sees a higher commission by getting you to buy than if he or she is even willing to help you with a rental. A landlord or investor is going to steer you toward renting because it gets them a tenant. Either way, they emphasize their side of the story.
If you ask people from both sides, you will get plenty of information. However, it is still your decision to make. At FIRST IN, we have a key to your solution and decision. Linked below is our “Rent vs. Buy Calculator”, which can help you make an unbiased decision. Our clients come from both sides, since we work with real estate agents and brokers along with investors and landlords. However, we have begun serving “consumers” who seek our help toward being able to make unbiased decisions.
When our team performs research specific to your situation, we can share the good, the bad, and ugly. We are not licensed agents or active landlords trying to convince you to choose a direction which favors our income. We are sharing this helpful tool, for a short time, to show you the benefits of being able to make unbiased decisions. You can hire us to research based on your personal (or family) situation and what you are looking to achieve. But first, let’s get the process started. The link below will help: