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SHOULD YOU BUY OR RENT HOMES IN AUBURN?

Weichert Realtors Porter Properties
July 25, 2011

Renting VS Buying Homes in Auburn – A Real Estate Decision

There are both advantages and disadvantages to home ownership. Reviewing the combination can help potential home buyers make educated decisions based on their personal situation. A professional Auburn real estate agent can provide further insights.

Home Buying – Financial Comparison

Today more than ever the ultimate decision is often based on a financial assessment. A monetary analysis can help you visually examine the significance financial differences when deciding if renting or purchasing a home in Auburn best fits your unique circumstances.

Home buying financial factors to consider:

  • how long you plan to leave in the home
  • current interest rates
  • purchase price
  • down payment requirements
  • real estate property taxes
  • home improvement costs

Often renting or leasing a home involves a fixed monthly payment.

Recently NYTimes.com published an online calculator that helps answer the question… Is it better to buy or rent? By entering real numbers it will compute a year by year analysis and compare financial differences. View the buying verses renting calculator here: http://www.nytimes.com/interactive/business/buy-rent-calculator.html

Click on links here to view rentals in Auburn and homes for sale in Auburn online 24/7.