Renting vs. Buying: What’s Best in Today’s Market?
Liz Peter • September 20, 2022
Renting vs. Buying: What’s Best in Today’s Market?
Liz's Lender Corner
With interest rates continuing to rise, do you find yourself asking questions like, “Should I hold off on buying a home?” or “Should I put up with my lease for another year?” If so, let me help you out—the answer is NO!
So, why exactly should you ditch the rent? Well, that’s because you could be…
- Saving Money: Even with rising rates, you could end up paying more in rent with rising prices. Plus, owning a home also means you get some tax breaks!
- Earning Equity: Did you know that in the last 6 months, the average homeowner gained roughly $64,000 in equity due to the appreciation on their home? The sooner you buy a home, the sooner you can start building equity as well!
- Living In Your Own Space: No more landlord, pet fees, unreturned deposits, or noisy neighbors. You get to make the space completely your own and stay there as long as you like.
The decision between renting or buying can be a hard one to make. But my team and I are here to support you on your journey to owning your dream home. Whenever you’re ready to buy, we’re ready to help.
Get in touch with me to learn more about what products we have that can help get you into your dream home sooner than you think!
Liz Peter Mortgage Team
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