Is It Better To Rent or Buy A Home For Sale Near Fort Sam Houston?
Is It Better To Rent or Buy A Home For Sale Near Fort Sam Houston? This is the question often asked by military members who undergo frequent PCS moves.
The answer to the question of whether to rent or buy does not depend solely on financial readiness and practicality, but with the added factor of frequent PCS moves, which is a way of life in military service.
Buying a home for sale near Fort Sam houston is 35% cheaper than renting, this is according to a general study from Trulia. It only takes an average of 2.6 years for a homeowner to breakeven, meaning the point where owning a home for sale near Fort Sam Houston is cheaper than renting.
Reports of increased rental prices, historically low interest rates, and decreasing home prices may prove that buying a home for sale near Fort Sam Houston is indeed a wise investment.
But before you decide and go shopping for homes for sale near Fort Sam Houston, you should look beyond these statistics and carefully consider the following which will also affect your decision to rent or buy:
how long you plan to live in the home
your personal finances
the state of the housing market near Fort Sam Houston
Before you buy a home for sale near Fort Sam Houston, look at some “what if” scenarios like major repair costs or another unexpected PCS order.
Let’s say you receive your new PCS orders. Even if you are able to sell your home for sale near Fort Sam Houston quickly, consider the other costs like commissions and other closing fees which could cost you 6%-7% of the sales price of your home.
If you are not prepared for these kinds of costs and stressful situations, then buying a home for sale near Fort Sam Houston is probably not for you.
But if you feel that you are in a financially sound position and would really benefit more from owning a home for sale near Fort Sam Houston, contact the Real Estate Muses today and we will help you own your dream home!
If you're not prepared for these types of costly and stressful events, home ownership — which should a rewarding experience — may not be for you.