CHEAPER TO BUY VS. RENT?? YES!!
Over the past few months we have seen a trend in the rental market of rent prices climbing higher and higher. This is due to the increased demand in renting because so many homeowners have had to go through short sale or foreclosures, causing them to no longer qualify to buy. As rent prices continue to rise and sale prices on homes continue to drop, many cities have reached the point now where it is CHEAPER TO BUY vs. RENT! If you qualify to buy this is BIG news! Talk about opportunity!
Not only is this a great opportunity for buyers who would be looking to occupy the home they purchase it is also a great opportunity for buyers or investors out there who would be interested in buying a home and then renting it out. With the home prices so low, investors could then turn around and rent the property for more than their monthly payment, giving them an instant return on their money (Investors – contact us for specific ROI computations).
Studies show that Phoenix, AZ is the #2 city where this trend is becoming more and more prominent. For more information or to get started looking for a property contact us on our website!
