New Jersey Real Estate Experts: Why should I Buy a Home Now?

New Jersey Real Estate Experts: Why should I Buy a Home Now?: Dave and Lisa, U R Home's Brokers-Owners The age old question: Why buy a home now? Here's some reasons why you shou...

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The Pro's and Con's of Rent VS Buy

BUYING IS BETTER AND HERE’S WHY

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THE PRO’S AND CON’S OF RENT VS. BUY

                   

Buying a Home         Building Equity is like money in the bank

                                    In 2012 a good deal of mortgages are fixed rates,

                                    Monthly payments should stay the same amount each month.

                                    Mortgage Interest Tax deduction is the largest tax deduction

                                    Afforded to the Average Tax Payer.

                                    Property Taxes are probably the 2^nd largest Tax deduction.

                                    The right to own a pet, paint a room, add a room etc.

                                    Pride of Home Ownership                                   

Renting a House       1 year contract, your free to leave after it’s up

                                    Minimal maintenance to the rental unit

                                    No Tax breaks or Building equity

                                    Yearly rental increases

                                    Pet Security or in many cases NO Pets allowed

                                    Every Year if you want you can move and move again.

RENTAL Advice from U R Home Realty

908-707-8900     www.urhomerealty.com      www.urhomerealty.blogspot.com

Dreams are Made Here!  Don’t think you can Buy? Think Again!

 Renting Tips

Renting an Apartment, Condo, Town home, or Single Family, is something most of us will do at some point in our lives.

 Often times it’s harder to rent than it is to buy a Home.

Here are some tips to make the process go a bit easier.

How much can you afford to pay each month?  Remember you need to know how much you can afford to spend each month. You cannot rent something you can’t afford. Landlords will see how much you earn, and in many cases your credit report. Landlords or their Realtors will determine if you qualify to pay the rental amount. Don’t shop for a rental that is out of your budget, it will only make you angry or upset that you can’t have the rental you want, in addition it will stress you out in your search for your new rental home.

1.     You will need some type of proof of income such as pay stubs, letter of employment, from your employer, etc.

2.      If your credit is less than perfect as it is with most of us these days, seek out help by calling your Realtor, advisor, or someone with experience in this area, who can help you get the rental you want.

3.     Landlord references,  if you have them they are always an added bonus.

4.     If you are working with a Realtor who has experience in Rentals, he or she will give you options if your credit is questionable, if you are new to renting, or your employment has not been long term.

5.     Always seek the advice of your Realtor or someone with good experience in renting.

Want and Need

We all would like to have the perfect rental in the greatest area at the lowest price.

The question you have to ask yourself before You, or your Realtor begins your search for your new rental unit is: What do I want and what do I need.

Always start with what you need such as the number of bedrooms, the location, and the price.

If your wants are that you’d like 2 bathrooms, and a basement perhaps a garage etc. then you must know that those are extra’s. Extra’s always add to the price of the rental, so be aware that the more you want the more it will cost per month.

ACT FAST:

THIS BASIC PRINCIPAL TO SECURING AS RENTAL IS AS FOLLOWS:

REMEMBER THE RENTAL YOU SAW TODAY, SOMEONE ELSE SAW YESTERDAY AND THEY ARE COMING IN TONIGHT TO RENT IT.

The one good thing about rentals is that a rental is not your permanent home. It’s only a place that you choose to rent.

Rentals these days are scarce. The rental market is competitive.

 Be prepared to rent and make a decision quickly. Rentals, especially the good ones do go fast.

We at U R Home, Hope the information above is helpful in your search for your Rental Home

Written by: Lisa Payne Broker/Owner of U R Home Realty L.L.C

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