Wednesday, August 31, 2016 / by Lynn Goodale
Buying Remains 36% Cheaper Than Renting!
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.
The updated numbers actually show that the range is an average of 5% less expensive in Orange County (CA) all the way up to 46% in Houston (TX), and 36% Nationwide!
A recent study by GoBankingRates looked at the cost of renting vs. owing a home at the state level and concluded that in 36 states it is actually ‘a little’ or ‘a lot’ cheaper to own, represented by the two shades of blue in the map below.
One of the main reasons that owning a home has remained significantly cheaper than renting is the face that interest rates have remained at or near historic lows. Nationally, rates would have to rise to 10.6% for renting to be cheaper than buying – and rates haven’t been that high since 1989.
Buying a home makes sense socially and financially. If you are one of the many renters who would like to evaluate your ability to buy this year, let’s get together and find you your dream home. Call us at 602-799-7099 and start packing!
Fortunately, We have a special program for Home Owners wanting to move and Buyers wanting to buy in Today’s market that turns the tables on this CATCH 22.
To celebrate the month of September, we have a special announcement to make. Over the last couple of years of selling real estate, we have been able to develop and successfully implement a program that allows us to guarantee the sale of a property. Yep, you read that right. Actually guarantee in writing the sale of a home. Obviously a program like this gives sellers GREAT PEACE OF MIND (a true celebration of honoring the American dream). We guarantee, up front and in writing, that if their home does not sell at their price and within their time frame – we will step in and buy it ourselves.
The conditions are simple: the seller and us must agree on price and possession date.
Buyers benefit too, because we are able to ensure they get the home they want and back up their purchase with a satisfaction guarantee: if they are not happy with the home, we will buy it back. For more details visit here or call us direct at 602-799-7099.
This is where you come in.
Your friends, neighbors, work associates and family members who may be considering a move can now do so and celebrate true independence from the fear of getting stuck with two homes or none at all.
And remember… Your referrals help our Homeless…
As many of you may know, we are on a mission to raise $10,000 for the House of Refuge located in Southeast Mesa. We do this by donating a portion of our income. House of Refuge is a faith-based, non-profit organization that provides transitional housing and supportive services to homeless families. On any given day there are approximately 100 adults and 150 children that call the House of Refuge “home.” Using 88 homes from the old Williams Air Force Base, House of Refuge provides a stable environment to homeless families working to get back on their feet and become self-sufficient. In that effort House of Refuge has logged a success rate of over 90%. Join us in our efforts today!
Who do you know considering buying or selling a home you could refer to our real estate sales team?
Not only will they benefit from our award winning service, but we donate a portion of our income on every home sale to the House of Refuge, a faith-based, non-profit that provides transitional housing and supportive services to homeless families.
We want to make it easy to refer your friends, neighbors, associates or family members considering making a move, so here are your options:
1. You can forward this blog link to them
2. You can go to www.YourReferralsHelpOurHomeless.com and enter their contact info online or forward the link to who you know considering a move.
3. Of course you can always call us direct as well at 602-799-7099.
You and your referrals mean more than ever to us and to families who need our help. As we move forward in this new season, please know we are extremely thankful for you and your being a special part of our mission to help families in need.
With all our appreciation.
Austin and Lynn Goodale
The Goodale Realty Group | JK Realty
480-734-8781 or 602-799-7099