|
|
|
 |
Tallahassee Real Estate | Bill Lord, Realtor |
 Phone (850) 933-6066 E-Mail Us Armor Realty Of Tallahassee 1519 Killearn Center Blvd Tallahassee, FL 32309  ~Read BILL'S BLOG~ • • • ~Current Tallahassee Market Statistics~ • • • ~Current News Article on Real Estate Market~ • • • ~Where We Live-Housing Zones In Tallahassee~ • • • ~Moving In/Relocation Info~ • • • ~Informative Tallahassee Links~ • • • ~More Local Links~ • • • ~Talla-Happenings~ • • • ~Verify Leon County School Zones~ • • • ~Tallahassee Is Unique~ • • • ~College Students:FHA "Kiddie Condo" Loan Info~ • • • ~$$ First-Time Homebuyers~ • • • ~Local Rental Info~ • • • ~"Buyer Information" Profile~ • • • ~To Rent or Buy...that's the ???~ • • • ~How Much Can You Afford?~ • • • ~Mortgage Calculators~ • • • ~Get Your Free Credit Report~ • • • ~Leon County Tax Estimator~ • • • ~Mortgage Glossary~ • • • ~Surrounding Counties~ • • • ~State of Florida Weblinks~ • • • ~Just For Kids~ • • • ~Local Pet Resources~ • • • ~Movies & Dining~ • • • ~School Information~ • • • ~Local Weather~ • • • ~Map of Tallahassee~ • • • ~Map To Armor Realty~ • • • |
Why Rent When You Can Buy???? THERE'S NEVER BEEN A BETTER TIME TO BUY!!! RATES ARE AT RECORD LOWS, HOUSING AFFORDABILITY IS AT ITS HIGHEST LEVEL IN YEARS, THERE IS PLENTY OF INVENTORY, PRICES ARE LOW AND MANY SELLERS ARE WILLING TO BARGAIN!!! --It may actually be CHEAPER to BUY than to rent. Please see the analysis on the following page for a $90,000 home. The payments for this home would be around $618 in this example. Let's say the rent is $825 per month (a likely scenario). The buyer in this situation could realize a savings of $207 per month, or perhaps put away some of the savings each month for future upgrades and/or repairs. The buyer could also consider buying a nicer, larger home with a mortgage payment at the same $825 amount that is currently charged for rent!!! --There may be even MORE savings involved. Many buyers would be able to take advantage of the mortgage interest deduction each year. The mortgage insurance paid may also be tax deductible! Furthermore, as a homeowner, you may be eligible for the rebates/credits available for those who desire to upgrade to more energy efficient appliances. --Over time, you may build up equity. A portion of your mortgage payment goes toward paying down the "principle" each month. This does not happen when you pay rent. Rent is basically money down the drain. Equity is certainly a way to create long term wealth. --Budgeting Stability: In this case, your $618 monthly payment STAYS THE SAME for 30 years (or less if you pay it off earlier)!!! Each time you renew your rent, there's a chance it will be raised. That can really add up over the years! --Freedom: When you own the home, it's yours! This means you can decorate, paint, improve, landscape, etc .... the way you want it done (make sure you comply with the neighborhood covenants and restrictions) --Safety and Security: An important reason families buy homes is because they want a good place to raise children and provide them with a good education. They also want a place where they can feel safe and secure and where they can build long term friendships and relationships with their fellow neighbors --For more in depth "buy vs. rent" calculations, see: http://www.nytimes.com/interactive/business/buy-rent-calculator.html
**CONTACT YOUR LENDER FOR MORE INFORMATION ON FHA FEE ANALYSIS**
|
|
