Renting vs Buying a Home

One of many homes priced to sell in today's market

I’m often asked: Is now a good time to buy a home?  -and- Should I continue to rent or should I buy a home?  The answer:  It depends!

Buying or renting a home remains an individual choice.  Many questions need to be asked with much thought going into the answers.   Questions like:  How long do we plan to be in our home?  How much money do we have available for closing costs and down payment?  What is our monthly budget for housing?  How many bedrooms and bathrooms?  Where do I want to live? Do I need to sell my current home to buy a replacement home?  Do I want to build a custom home, buy a spec house or a resale home.  Do I need a detached house, townhouse or condo?  What are the advantages of renting vs owning and owning vs renting for me? What type of community do I want to live in (gated, in town, out in the county on 100 acres, in a small rural subdivision of 13 lots, or a golf course community). The list goes on and on. 

With many homes for sale and interest rates hovering at all time lows, now may be a great time for you to buy. This has been a great year for several buyers I’m working with.   One buyer bought a home in Lake Monticello larger than her rental with a lower monthly housing cost than renting.  Others are working to sell their current home to buy more of what meets their needs today in a home than the home they purchased ten years ago.  Still others are choosing to rent since they are unsure how long they will be in the area.  

So, deciding whether to rent or buy remains an individual choice.  Which is the best choice for you?  Let’s talk and evaluate you housing needs, budgets, available housing & loan options and help you to make an informed decision.  If you would like to develop a great search tool to help in finding your next home, click on the “search for your next home, farm or land puschase” link!

About James Friend Dickerson

Real Estate Consultant As a native of Central Virginia and a full time REALTOR since 1991, James listens to your needs to provide information allowing you to make informed choices. In our constantly changing world, you need a REALTOR who puts you first providing rigidly flexible service. James Dickerson provides a high level of service designed to fit each individual clients needs. Having received many awards from both the local Association of REALTORS and RE/MAX International, James is recognized as an authority on the local real estate market. The highest form of recognition James receives continues to be the many repeat clients who seek out his services time after time plus sending their relatives, friends, co-workers and neighbors to James for their real estate needs. Contact James today for an interview to discuss your real estate needs. James is a licensed real estate sales person in the Commonwealth of Virginia with Charlottesville Solutions. Personal As a Central Virginia native (Born in Charlottesville and raised in Albemarle and Louisa Counties), James' youth was filled with extra-curricular activities and organizations centered around school, church and the Boy Scouts of America. A graduate of Virginia Tech with a degree in Forestry and Wildlife Management, James' non-real estate activities include spending time with family & friends, traveling, stalking deer & spring gobblers, fly fishing, church and Masonic activities. James and his lovely bride Karen live between Zion Crossroads and Gordonsville in the Green Springs area of Louisa County. Their dog Sammy passed away so they'll be adopting another dog soon through www.petfinders.com.
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