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Should you buy a home or rent? Sifting through the numbers, emotions – StarTribune.com

Posted by Spots on a Leopard on

Interest rates are going up, it’s spring and homes are coming on the market. Source: Should you buy a home or rent? Sifting through the numbers, emotions – StarTribune.com Save

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Interest rates are going up, it’s spring and homes are coming on the market. Source: Should you buy a home or rent? Sifting through the numbers, emotions – StarTribune.com Save

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Q&A With the Broker Answer Man – Myles McMahon, CEO of McMahon Phillips Real Estate

Posted by Spots on a Leopard on

 

by Myles McMahon

mcmahon.logo_cur_size

Q: Is it ever too early to start thinking about buying a home?

A: It’s never too early to buy a home as long as you can afford it and it makes sense. By making sense I mean this: Homes are Real Estate, and Real Estate should be looked at as an asset. Assets are looked at from a few different angles. Will they provide a return? Can I afford to maintain them? If I got relocated or lost my job is there an out? Can I rent it out for the payment or close to it? Will I be able to sell it without having to come out of pocket? Bottom line, if you can afford to purchase the home and have a little stability (3 + years) in your life it’s never too early to start accumulating Real Estate.

sacramento-6001_c_l

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by Myles McMahon

mcmahon.logo_cur_size

Q: Is it ever too early to start thinking about buying a home?

A: It’s never too early to buy a home as long as you can afford it and it makes sense. By making sense I mean this: Homes are Real Estate, and Real Estate should be looked at as an asset. Assets are looked at from a few different angles. Will they provide a return? Can I afford to maintain them? If I got relocated or lost my job is there an out? Can I rent it out for the payment or close to it? Will I be able to sell it without having to come out of pocket? Bottom line, if you can afford to purchase the home and have a little stability (3 + years) in your life it’s never too early to start accumulating Real Estate.

sacramento-6001_c_l

Read more