the rent in this area is about 1000.00 per month for something decent.
2006-10-07 05:01:15 · 7 answers · asked by randy b 1 in Business & Finance ➔ Renting & Real Estate
buy why lock into a lease and give someone 12000 dollars that could go on your mortage. Find you a lender and buy especially if you have a credit score of 700 or better because tou would have a low interest rate and be able to obtain a condo thats in tip top condition and possibly pay less than a 1000. Make sure you have no pre-pay penalties that way if you decide you want to sell you can.
2006-10-07 05:32:35 · answer #1 · answered by Luckys Charm 4 · 0⤊ 0⤋
If you don't expect to stay in the area more than a couple years, is probably better to rent. Otherwise, buying can be a good idea. Right now in most areas it's a buyer's market, so you might be able to find something that's pretty reasonable.
2006-10-07 13:34:13 · answer #2 · answered by Judy 7 · 0⤊ 0⤋
Buy it. Most likely for about the price of rent you might as well own it! Think of it as an investment too. If you decide in 2-3 years you want to sell, you might even make serious $$ if the value went up.
2006-10-07 12:11:24 · answer #3 · answered by Mario L 1 · 0⤊ 0⤋
there is such thing as rent-to-own...or just buy the condo anyway..most likely, you will be paying it in installment...just think of it as the rent.
2006-10-07 12:11:04 · answer #4 · answered by merchant of venice 1 · 0⤊ 0⤋
rent vs. buy calculator
http://www.choicefinance.net/calculators/rvb_cl.htm
2006-10-07 19:26:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I thing you rent one and then wonce you get alot of money bye one
2006-10-07 12:03:17 · answer #6 · answered by madnewell 1 · 0⤊ 0⤋
definitely buy.
2006-10-10 18:25:40 · answer #7 · answered by bigmary2 4 · 0⤊ 0⤋