Thursday, May 27th, 2010 at 6:28am. 2702 Views, 1 Comments.
Whether you are purchasing your first home or your retirement home in the Manassas, Virginia area, navigating the process of finding the perfect house is not an easy task. There are extensive property searches to be done, contracts to write, negotiations to undertake, neighborhood research to be completed and so much more. Trying to do it all alone can be incredibly stressful and all together time-consuming work for those without experience. Do not make a mistake and not hire a professional realtor.
A true professional will have extensive knowledge of the real estate market, the process of purchasing or selling a home, and how to navigate the numerous legal contracts for the buyer and seller. It is important that you work with only the best real estate…
Saturday, May 15th, 2010 at 6:54pm. 681 Views, 0 Comments.
I must get asked the question, "should I buy or rent" at least twice a month. While there is no right or wrong answer, there is a economic formula that can be used to help determine if it's better to buy or rent. It is called the rental ratio formula. The formula is house price/total rent (rent payments x's 12). You divide the total rent over the course of the year by the price of the home. Any number below .20 suggest that it is better to buy. Anything over .20 and it may be better to rent in that particular area.
The Atlanta real estate market has great disparity with regards to rental ratio. Some areas will bring in .04 while other will be closer to .25.
The next time you are wondering if it is better to buy or rent, try this formula to help…
Monday, October 12th, 2009 at 8:43am. 801 Views, 4 Comments.
This is so funny, yet so true. Please let me know your thoughts.