Lorraine, Your Realtor

We hear this all the time, especially with the current economic state. There are many factors that come into play with this scenario, not just the current economic state. Buying versus renting has been a hot topic, often debated and various opinions are reputable; but, what applies to your situation? This is a good question. There are various  conditions you should consider before considering buying or renting. What are the advantages, disadvantages, current economic standing, jobs, job stability, budget, income, children/no children, location, distance, maintenance/responsibility of a home,  pets, the list goes on and on. I’ve pulled up a few reputable articles for some guidelines. The one thing to keep in mind is everyone’s situation varies, you must know what your limitations are, especially your budget. Rentals are in high demand as of lately, so many mortgage payments, depending on the size of the home, are relatively even, if not…

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