Image via WikipediaBuy or rent a house? This question crosses our mind if we are planning of relocating.
No matter what, the decision is always ours to make. However, some important factors should be considered first before we made up our mind according to Granada Hills REALTOR Michael Gentile.
First how long do you think will you stay in this relocation? Do you have to sell your house in order to buy a new one? Are the home prices in the area going up/going down?
To purchase a house today is more affordable than before. There are lower mortgage rates, higher than normal inventory levels and low home values.
Examine the affordability level of your new location. Is it more practical to rent or is it just the same with monthly mortgage payment? Ask for a Realtor in your new area and know the area well before making a decision. Buying LA real estate is a big investment so be sure to weigh the pros and cons.
Talking it over with you Granada Hills Realtor has helped many people reach the right decision.
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