I have heard a lot of people in the media stating that they would recommend that people 'rent for the next few years' and that amazed me. Looking at what is happening with the real estate market in terms of the ability to buy versus the past few years it seems strange to recommend people 'stay on the sidelines'. True there is a lot of indecision of what will happen in the coming year's economy yet it is hard to say that its a 'bad time to buy a home' in Orange County.
You can say whatever you like about buying now or buying later yet i wanted to just point out the fact that if you are looking which is better for you and your family BUY OR RENT there are some figures you should definitely realize. I took the city of Lake Forest as an example of what someone could get as a rental for a certain amount, $2,200 a month. Then I went to see what that amount would get them in a normal mortgage. I used the figures to show that you can actually get in terms of owning your own home. Here is the scenario that I think you should see.
3 bedroom condo in Lake Forest...2 stories...over 1,300 sq.ft.
Great Location! Close to the 241 toll road, 5/405 freeway, and the Irvine Spectrum.
Attached 2 car garage... Rent for $2,200 a month...
________________________________________________________________________
This place is great...but why rent when you can buy?
Wanna know how much home you can BUYING for that $2,200 a month?
Here's a comparison of BUY vs. RENT for $2,200 a month...
$275,000 home or condo @ 5.75% 30 year fixed... will cost $2,200 a month...
Which includes taxes, insurance and HOA dues...**not for all cases**
...versus...
Renting for $2,200 a month...EVERY MONTH…
In 5 years ...
BUYING... pay $2,200 a month (home has increased in value)
RENTING... NOW paying $2,750 a month (5% rent increase yearly...)
It's time to own your own home...it's time to build LONG TERM WEALTH...
Email me today to find out how YOU can become a HOMEOWNER...
Still skeptical? Think that there is nothing out there for that price?
Well at least 'nothing that I would like'? Right?
How about a 3 bedroom...3 bath...1,300sq.ft... BANK OWNED in Lake Forest in good shape...
with an attached 2 car garage...for under $275,000...
3 bedroom condo in Lake Forest...2 stories...over 1,300 sq.ft.
Great Location! Close to the 241 toll road, 5/405 freeway, and the Irvine Spectrum.
Attached 2 car garage... Rent for $2,200 a month...
________________________________________________________________________
This place is great...but why rent when you can buy?
Wanna know how much home you can BUYING for that $2,200 a month?
Here's a comparison of BUY vs. RENT for $2,200 a month...
$275,000 home or condo @ 5.75% 30 year fixed... will cost $2,200 a month...
Which includes taxes, insurance and HOA dues...**not for all cases**
...versus...
Renting for $2,200 a month...EVERY MONTH…
In 5 years ...
BUYING... pay $2,200 a month (home has increased in value)
RENTING... NOW paying $2,750 a month (5% rent increase yearly...)
It's time to own your own home...it's time to build LONG TERM WEALTH...
Email me today to find out how YOU can become a HOMEOWNER...
Still skeptical? Think that there is nothing out there for that price?
Well at least 'nothing that I would like'? Right?
How about a 3 bedroom...3 bath...1,300sq.ft... BANK OWNED in Lake Forest in good shape...
with an attached 2 car garage...for under $275,000...
WHY ARE YOU RENTING WHEN YOU CAN OWN THAT??
Nathan
Century 21 Professionals
(888)865-2525
***The Rent vs. Own comparison above is presented as an estimate of the financial difference between home renting and owning. This is not a loan commitment, nor is it a guarantee of any financial benefit.***editdelete
No comments:
Post a Comment