The Decision to Rent or Buy

Rent or buy? Buy or Rent? It’s a question that leaves many scratching their heads trying to make the right decision. So, which is the right answer? It will depend on the individual situation, but there are factors to consider. The most obvious of considerations is finances. For the majority of people, there will be no more expensive single purchase made during their lifetime than their home. Buying a home cannot be jumped into delicately for this reason. According to a recent msn.com article, it’s important to calculate your after-tax income and compare that to your expected home costs. These costs could include a monthly mortgage, potential HOA fees, maintenance fees and more. However, there may be some tax advantages to home ownership that can also be factored into these calculations. The Consumer Financial Protection Bureau has a monthly payment worksheet that helps potential buyers assess whether their wallets are able to take on the costs of owning a home. While it may seem renting would be cheaper with all that goes into owning a home, that isn’t necessarily the case. According to Trulia.com’s Rent vs. Buy Report, in Houston and the surrounding areas, it is currently 46% cheaper to buy than rent. (Check their rent vs. buy calculator out for a better gauge of your financial situation https://www.trulia.com/rent_vs_buy/) Outside of the financial obligations, there are other responsibilities that need to be considered before making a decision. Owning a home affords the owners a sense of community and belonging. Buying a home gives one an asset and the ability to build equity. It also brings the freedom to truly make...

Taking Advantage of an Agent’s Knowledge

According to a quick Google search, knowledge is defined as” facts, information, and skills acquired by a person through experience or education; the theoretical or practical understanding of a subject.” Knowledge is exactly what you get when you use a Doug Erdy agent. Our agents aren’t merely working in the areas we serve, we are living in these areas. This means we walk these streets, send our kids to school in these districts and mingle where you will mingle. We have the intimate familiarity of the area that proves to be invaluable to our clients when finding the home that fits their needs. Our agents’ knowledge base is constantly broadened with ongoing education opportunities. Agents attend conferences, weekly team training and are able to learn from the experience of other agents in the group. All of this allows our agents to stay atop of the real estate industry. It is more than our knowledge that makes us the best, it’s our application of the knowledge and our agents’ unstoppable desire to provide the best service. Alexander Graham Bell is credited with saying, “Before anything else, preparation is the key to success.” If you’re looking to have a successful buying/selling experience, get prepared for the process by calling The Doug Erdy Group and teaming up with one of our knowledgeable...