The real question you need to ask yourself is ... Is it's cheaper to Rent or to Buy?
Some people don't have any choice but to rent because they don't have the means to qualify for a loan. But for those who do have a down payment and good credit, the Cost of Owning a Home might be significantly LESS than Renting!
Rentals are in high demand in many areas of Dallas/Ft Worth because of the growing number of Foreclosures & Distressed Sales and Rents are going up!
After you look at whether the house payment is lower than what you'd have to pay in rent, Take a look at the other Benefits that Home Ownership has ... such as Principal Reduction, Appreciation and Tax Savings.
If you're Renting right now, your decision really isn't whether to Rent or Buy but it's Do You Buy it for YOU or for your Land Lord? Because again, whether you RENT or BUY, you Pay for the House you Occupy!
Are you currently Renting but thinking about Buying, I'd love to work with you. Below is a sample comparison sheet that I can put together for you to see if right now really is the best time for you to buy.
