- Rent or Buy a home? What is the right choice? (Part 1 of 4)
- Rent or Buy a home? Weighing your commitment. (Part 2 of 4)
- Rent or Buy a home? Analyzing your fears. (Part 3 of 4)
- Rent or Buy a home? What’s holding you back? (Part 4 of 4)
Are you trapped in an endless cycle?
One of the largest and most exciting commitments you can make is purchasing a home but what if you want to buy a home while you are renting. It might be difficult to decide if you should break your lease. You’re not alone, many tenants mistakenly think that their obligations are governed by a lease, which frequently leaves them perplexed. In their minds there is never an ideal time to purchase a home. Either their current lease expires too soon, or they believe that they don’t have enough time before they are required to sign a new one. If you’re currently renting and is interested in purchasing a home, review your lease. Sometimes there is flexibility to break the agreement with little or no penalty.
Once you have made the decision to purchase a home, the two primary criterias are your budget and the location. The first step would be to find out how many homes are typically available in your chosen location and how quickly they sell. Taking this information into consideration when choosing a home will help you determine the amount of time required when planning to exit your lease.
The experience of looking for a home is different for everyone. Some might take a few months, while others might only need a few days or weeks. If you’re interested in purchasing a home when your lease expires, get in touch with a Realtor; they should be able to provide you some helpful advice. If it’s too early, at least you’ll be prepared when the time comes.
Is it really THAT hard to buy a house?
Do you currently rent a property as a result of the challenging or complicated home buying process? Then you’re not alone, renting seems to be very common because it is so much faster and easier than going through the home-buying process.
Although buying a house can sometimes be difficult and overwhelming, it doesn’t have to be. Get in touch with a Realtor, who is an experts in the field. They will be best suited to guide you through the process.
Can you get the kind of house you want?
The inability to find a home that is as big or as good as you really want is the final reason why many renters decide against buying a property. Everyone, sadly, has a spending cap. The good news is that this tendency affects people with the larger budgets as well. Everyone seems to want a little more than they can currently afford. It’s just part of human nature.
Jack Welch asserts that one should “Deal with reality as it is, not as you wish it to be.” To put it another way, consider all that your money can buy and try to find a suitable home. The greatest alternative is to buy a property that you can renovate with a few simple, low-cost additions, enabling you to build a bigger, nicer home. Or just take advantage of a great deal that other customers are overlooking. If you accomplish that, you’ll be a step ahead of almost everyone. Simply because of the human nature to overspend or pass up wonderful opportunities.
Where to find homes for rent or sale
There are many real estate websites to find properties for sale and rent. The Leighton Team has been number one in sales on Cape Code since 2020. The real estate portal list the featured properties on Cape Cod.