RentVsBuy

                 ATTENTION RENTERS! 
       WHAT DOES IT COST TO OWN A HOME?
  CHECK OUT THE CHART BELOW TO FIND OUT.

$100,000 - $150,000 HOUSE = $522 - $783 PER MONTH
REQUIRED MIN. DOWN PAYMENT = $3500-$5250

$151,000 - $200,000 HOUSE =  $788 - $1044 PER MONTH 
REQUIRED MIN. DOWN PAYMENT = $5285 - $7000

$201,000 - $250,000 HOUSE = $1049 - $1305 PER MONTH
REQUIRED MIN. DOWN PAYMENT = $7035-8750      

$251,000 - $300,000 HOUSE = $1310 - $1566 PER MONTH
REQUIRED MIN. DOWN PAYMENT = $8785 - $10,500

$301,000 - $350,000 HOUSE = $1571 - $1827 PER MONTH
REQUIRED MIN. DOWN PAYMENT = 10535 - $12250   

(based on a 4.75% rate)

*You'll need to add an additional amount of $150-$250 on top of the above payments for required homeowners insurance, property taxes, and possibly PMI (Private Mortgage Insurance) depending on the loan type/down payment. Taxes vary depending on what county and this estimate may be less or higher depending on the tax rate and insurance policy.

If you plan on staying in the area for at least 2-3 years, you may want to consider buying a home.

I can show you ANY HOUSE on the market - I Offer FREE buyer representation, so don't go at it alone. It is in your best interest to work with a REALTOR®. I work hard finding the best home for you within your budget, negotiating the best deal on your behalf and it doesn't cost my buyers a penny to work with me.

Buying a home is a huge step. First-time homebuyers don't always know what is involved in making that type of purchase.

Given the current market conditions, now is a great time to purchase a home. The prices are lower, there are many homes to choose from, and interest rates are low. If you plan on staying in a particular area for at least 2 years, buying a home may be in your best interest.

You don't necessarily need to put down 20%. It's always good to have a nice down payment, but there are so many lending options available and you can put as little as 3% on some homes or on average 3.5% for an FHA loan.

You should choose to work with your own real estate agent to help you find the perfect home. Hiring an agent does not cost you anything. The seller pays your agent. You will have someone working hard to help you find the perfect home in the perfect location and looking out for your best interest and negotiating on your behalf, making sure you get the best house for your money.

If you're curious to see what's out there and would like to talk about the possibilities of buying a home, you can contact me anytime at 434-960-7259.

CHECK OUT MY "BUYERS TIPS" PAGE TO LEARN MORE ABOUT THE COMPLETE PROCESS STEP-BY-STEP.

CLICK HERE FOR BUYER'S TIPS


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