To Rent Or To Buy: Top Things You Should Know
Buyer The LA Home Girl Team (Compass) December 4, 2017
Buyer The LA Home Girl Team (Compass) December 4, 2017
Buying your own home seems like the fulfillment of the American dream, but as housing prices are increasing, we all know that that dream will definitely cost you a hefty amount. According to an article on Economists' Outlook, the median price of homes for a single-family home sold in August 2017 is $255,500, which is a 5.6% spike from last year. Many people would resort to renting, but is that move really cheaper than buying a house?
Let’s first weigh the pros and cons of buying a house and renting one.
Take note that renting prices have also gone up and buying a house would generally be cheaper than renting in states belonging to the Northeast, South, and Midwest regions. But it's good to remember that there are multiple factors to consider other than just price.
Stay up to date on the latest real estate trends.
A clean, well-staged home with sharp photos and strategic updates can draw buyers & stronger offers.
You can obtain separate earthquake coverage, often through the California Earthquake Authority.
You’ll trade a traditional main street for small clusters of local spots, and you’ll gain light, and outdoor time.
If you want an established single-family neighborhood with convenient freeway access, Glendale is a contender.
Seller
You have more control over the timing of the sale and won't need to compete with the influx of new listings.
General
Tackle a few boxes or one room each day, take breaks, and enjoy the process of arranging your new home.
Seller
Closing delays are undeniably frustrating, but remember that they are often just a bump in the road.
Experience the advantage of working with a collaborative team that prioritizes strategy, service, and exceptional outcomes.