Profile picture for sm0331

my landlord is selling the property

i'm a renter for 5 years now, my landlord wants me to buy the house which i love but i want to know my options, first time buyer with some money in the bank and ok credit want to know if i sure venture to be a home owner or should i rent for a few more years
  • April 03 2014 - Lower Macungie
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Answers (2)

Hello,

 The big decision to rent or buy is always a tough one. I recommend doing a lot of research about what the benefits are buying are, here are just a few of them: 
 Property usually builds equity over time

Sense of community, stability, and security

Free to change the decor and landscaping

Not dependent on anyone else to maintain the property

Part of the mortgage interest and real estate taxes are tax-deductible

Good luck with your decision, it can be a tough one!

Melissa Kasper, Broker
Licensed in Oregon
[website deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]

 
  • April 03 2014
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Profile picture for wetdawgs
Buying a house is a major life step, so you are right to think through it carefully.    Are you at the stage of lie that you wish to be a home owner?

Options:
1.  Buy it, negotiate on price (pay for an appraisal if the two of you can't agree) and make sure you get inspections and financing contingencies.  

2.  A new buyer may be interested in continuing to rent it, but may wish to make it their primary home. 

3.  Move at the end of your lease and say "thanks for being a great landlord".

  • April 03 2014
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