Should I rent...or Should I Own?

I get asked this a lot as a local Realtor here in the Tri-County and especially of those transplants from the Northeast (which I am one of).  Just a side note - how long must one live here  before the term Transplant is no longer used? I've been here 10 years - is that long enough?  OK -back on track!  When I get asked rent or own my initial question is the same, "What is your long term goal."  Even despite my loss of a pay check there are times I recommend renting because it's better for the client. So, what are some of the reasons to rent and not own?

1. If you are only here short-term for a job

2. I think it's a great idea to rent for 6-12 months before investing in a home to learn the area.  Some locations or more family oriented and some are more single oriented.  

3. It definitely depends on the market. With interest rates so low right now you can save a ton of money over the next 15-30 years in payments.  Interest rates are going to go up after the election (My prediction) so it would be a financial advantage to purchase now rather than rent. Also, our rental markets are really hot right now so rent prices are some of the highest they have ever been. 

4. If you just don't want any maintenance or lawn care then maybe renting is a good option. Of course you could also buy and pay someone but many complexes now have pools, gyms, tennis, etc and some people find value in those.  

Here is a great short video link about renting vs buying.  

http://www.realtor.com/videos/is-renting-or-buying-the-smarter-choice-/60370d0c-6dd0-4397-a297-b698e70bd8c0

Call me if you have questions on buying or renting...or about any real estate question.

Who do you know looking to buy a home, sell a home or invest in real estate?  I love referrals!

Jason

843.696.86278

Jason,Gregg@kw.com

www.palmettodreamhomes.com

Ranch for sale in Summerville (Legend Oaks)

Open House Sunday 1-4:00

Everyone loves Legend Oaks and there's a great reason for this.  The people are nice, the homes are nice, the amenities are great and it's connected to great schools.  Buyer's can usually find some of these aspect in a subdivision but not all. This is why Legend Oaks continually remains a hot real estate market and now there's a great new ranch home for sale.  Did you know that in the last 6 months 67 homes in LO sold that were listed in our MLS (Multiple Listing Service) and only 7 of those were Ranch style homes.  Pretty interesting if you ask me.  I dug a little deeper on those 7 ranches and came up with the following market data:

• 7 ranches closed in the last 6 months in LO



Kitchen opens up nicely into the dining and living room

• Average sold price $242,486.00
• Average days on market was 49
• Average price/square foot -  $116,78

Real estate is all about price, location and condition and these numbers don't give any information on the condition of the home.  Let me tell you about 137 Back Tee Circle.  This move-in ready 3 bedroom/2 full bath home is ready for you and your family.  It has an extended driveway for more room (which is always useful), it backs up to complete privacy with woods behind it which you can enjoy on your huge concrete patio.  The 2 car garage not only will hold you car but also your toys (kayaks, mower, golf cart, tools, Christmas decorations, etc) and the open concept yells for a party.  Walking through the front door you notice the open concept and ability to talk to everyone from the kitchen.  After all, it's the kitchen where everyone congregates and not only can you talk to everyone but you can also enjoy the fireplace too.  If the 3 bedrooms are not enough use the finished room over the garage (FROG) as your 4th bedroom or make it into a man-cave. Drive your gold cart to one of a couple pools or to the country club for lunch and a round of golf or a round of tennis.

Come out and see me Sunday between 1-4:00 (August 14th) and tour the home and see if this home is meant to be yours. Ranch homes do not last long so take advantage of this opportunity and call me today to see it.  

Open Living Room