Coldwell Banker Realty Corp presents Rent vs Buy
11
Buy vs Rent Seminar Connie Schaffer V.P. Corporate Services CRP, ABR, CNAS, CNRS, CNIS Office: 215-855-5600 Cell: 215-317-1638 [email protected] www.cbrealtycorp.com
-
Upload
coldwell-banker-realty-corp -
Category
Real Estate
-
view
186 -
download
4
description
Coldwell Banker Realty Corp. Associates is committed to providing the highest level of professional real estate service to its clientele. Our clients are our top priority and we see to it that our services not only meet but exceed their expectations! In this presentation, we will discuss the advantages and disadvantages of renting versus owning, as well as the costs associated with both renting and home ownership. Feel free to contact us if you have any questions at [email protected] or visit our website at www.cbrealtycorp.com
Transcript of Coldwell Banker Realty Corp presents Rent vs Buy
Buy vs Rent SeminarConnie Schaffer V.P. Corporate ServicesCRP, ABR, CNAS, CNRS, CNISOffice: 215-855-5600 Cell: [email protected]
Renter Demographics
Nearly 1/3 of all households rent.People who frequently relocateThose with unstable employmentThose with need to improve their creditThose that think they cannot afford
to buy!
Cost of Renting
First and last months rentSecurity DepositRenter’s InsuranceUtilitiesMaybe Association Fees
Advantages of Renting
Easy to moveLess maintenance and repair workMay offer amenities like pool or tennis courtOther expenses may be included in rent like electric, trash, etc.
Disadvantages of RentingNo tax deductionsSubject to lease termsRents can increaseProperty can be sold with little noticeFew opportunities to upgradeRestrictions such as pets, noise, etcWhen you leave, there is no equity
Cost of OwnershipMonthly mortgage paymentDown PaymentClosing CostsUtilitiesHomeowner’s InsuranceReal estate taxesMaintenance
Advantages of OwnershipPride of OwnershipBuild equity and Potential for value to increaseIncome tax deductionsMore privacy, more in chargeMore room and storageCan customize and enjoy pets, specific lifestyle
The ProcessGet pre-approvalChoose a buyer’s agentExecute an agreement of saleTake mortgage applicationInspectionsMortgage commitmentWalk thruSettlement! Congratulations!!
Current Market ConditionsMontgomery County YTD Market Snapshot thru May 2013Settled volume up 14.50%Median Sale Price up 3.24%Average Sale Price/Original Price 92.8%Upper Providence TownshipAverage Days on the market- 47 daysAverage List to Sale Price- 96%
Keep in Mind…
People are always paying for a home. It’s just a matter of whether it is for themselves
or their landlord.
Questions?
Contact Coldwell Banker Realty Corp215-855-5600
