If you need assistance, please call 256-766-0000

Buying vs. Renting in This Market

Friday, June 24, 2022   /   by Shane Kilby

Buying vs. Renting in This Market

Should you be renting in this market? Here’s why you shouldn’t.

This crazy market has resulted in some buyers feeling fatigued with their home searches. They’re starting to wonder if it’s a good idea to just rent for now while they wait for the market to cool down. However, is that the best real estate decision? Today I’ll share my thoughts on this topic to help you decide whether to buy or rent now.

"The last thing you want is to be locked into a 12-month rental lease."

According to the National Association of Realtors, the average homeowner has around $300,000 in equity, while the average renter has an $8,000 net worth. If you buy a home now, you can be in a better position in the future, even with inflation and climbing interest rates. The last thing you want is to be locked into a 12-month rental lease.


Buyers, here’s my message to you: I know you’re exhausted, but hang in there. You will get better tax advantages by purchasing a property compared to renting. Have faith in your real estate and lending advisor, and let your trusted professionals handle the transaction to make your experience as stress-free as possible.

If you have more questions about the processes involved in buying or selling a home, don’t hesitate to call or email me. I’ll be happy to help!

    BrickDriven Realty
    3505 Florence Blvd
    Florence, AL 35634

    Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
    The data relating to ValleyMLS on this Web site derive in part from the North Alabama MLS (NALMLS) IDX datashare program. © 2024 Valley MLS, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified.
    This site powered by CINC: www.cincpro.com