Buying Beats Renting in Seattle in Two Years?

As Seattle home prices have been on the rise, so have the rental prices.  Real Estate agents and lenders are once again starting up the conversation with consumers of why rent? Go buy a house right now and you will save money!  But how to determine if this is the right course of action for you?

There is much to educate yourself about, including all the cost to buy and cost to sell, when time comes. Also, being realistic about what kind of maintenance the home might need over the next few years and into the future. And importantly, how long do you plan on staying in the home?

I just read an article in the Business Journal about Seattle rents now being so high that buying beats renting  in just two years. This information was researched by Zillow and Zillow does provide an account of their methodology of how they came up with this ‘breakeven horizon’ where it MAY make more sense for a person to be a home owner rather than a renter. But Zillow agrees that there are many personal factors that an individual should the into account when considering this huge, life investment.

 

 

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About Susanne at Reside in Seattle

Life-loving Seattle dweller. Offering distinctive real estate representation at Reside. Real Estate Group.
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