Does it make sense for you to rent or purchase a home?
Should you buy or rent? People ask me this on almost a daily basis, so today I want to quickly run through the pros and cons of each option. This isn’t intended to convince you to buy; instead, I just want to give you the facts so you can make an informed decision.
You can watch my full explanation in the video above or skip to each topic using the timestamps provided:
0:00 — Introduction
0:37 — Consider how long you’ll be staying in an area
1:03 — Renting has no maintenance cost and allows you to be transitory
1:49 — Renting is more expensive than a mortgage
2:42 — Interest rates are higher, but your rate when renting is 100%
3:23 — Homes continue to appreciate in our market
4:12 — Mortgage interest is tax deductible
5:01 — Don’t wait for a market crash; one isn’t coming
5:38 — Wrapping things up
If you have questions about today’s topic or anything else, please call or email me. I am always willing to help!