What Are 3 Advantages Of Renting Vs Owning?
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What Are 3 Advantages Of Renting Vs Owning?
Here are a few advantages of renting vs owning. There are many although some may not apply to you. People are different and so are the situations they find themselves in.
- You get to leave after the term of the lease. If the market is bad you are not stuck with the home or loosing money on it.
- If it is a previously owned home it may have problems. Those problems may have expensive remedies. Many found this out buying older homes with older air conditioning units. Newer AC systems would not interchange parts with them etc.
- Maintain your cash on hand while learning the area. Some will do this and continue to set cash back for a future purchase. Down payments require 3-20% down and often that is devastating to a persons cash reserves.
I could write 50 different variations of those and the same for those looking to purchase. Know the real estate market and seek good counsel. If you are working with a Realtor who is obviously trying to sell you a home find another. Realtors should help you find a home not push one on you. Thank you for asking, What are 3 advantages to renting vs owning.
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Stellar MLS (updated 4/27/24 12:08 PM) |
