Is Now a Good Time to Rent?

yes-2069850__340The answer is a very definite NO!  Now is the time to buy a home of your own not pay your landlords mortgage.  Our rent rates are very high and mortgage interest is still very low.  If your credit score is over 620 you can qualify to purchase a home.  Don’t throw your money away for another month.  Call me today and let’s get you qualified for a mortgage and a home of your own!

Courtesy of Keeping Current Matters 2017

Is Now a Good Time to Rent? | MyKCM

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:

Is Now a Good Time to Rent? | MyKCM

As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew your lease, you might be pleasantly surprised at your ability to buy a home of your own instead.

Bottom Line

One way to protect yourself from rising rents is to lock in your housing expense by buying a home. If you are ready and willing to buy, let’s meet to determine if you are able to today!

Remember it is always toasty in Naples and rent rates will go up but a mortgage payment is fixed for 30 years!

Comments are closed.