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Renting vs Buying

Posted by juliegamblesmith_tcrz4w on December 8, 2015
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Is it better to buy or rent?  This is a question that often comes up and with so many variables to consider, it can be a tough decision for some.  The NY Times created this fantastic tool that factors in your personal variables: mortgage rate, price, downpayment, number of years you plan to live in the property, etc. Use their interactive tool:  NY Times Rent vs Buy Tool

It is also important to check with your financial advisor to see if you will face tax burdens or a capital gains tax based on your home sale. The rules seem to always be changing, so its better to find out before you make these kinds of decisions.

I hope you find this information helpful. If you decide that purchasing is your next step- let me help you find the best property for you on the North Shore.  Contact me anytime with questions, or set up a search to see what properties are available: Search Properties

 

  • Julie Gamble Smith

    723 Hale Street, Beverly Farms MA 01915

    978.337.9644

    julie.smith@engelvoelkers.com

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