Rent or Buy?

SHOULD YOU BUY OR RENT?

Homes-for-rent-in-Spring-TexasThe first step is to understand the arguments in favor of buying and renting. To calculate whether buying or renting makes more sense financially, you need to have a sense of your monthly costs in each case, including rent, mortgage payments, taxes, insurance and other related expenses that may apply to each option—as well as whether you would be more likely to spend or invest any savings from renting.

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Renters Unaware Rental Payments Regularly Reported to Credit Bureaus

Survey: Only Half of U.S. Consumers Realize Rental Payments Can Be Regularly Reported to Credit Bureaus

Renters Are Confused About What Payments Impact Their Credit Standing

rentingNearly half (48 percent) of renters mistakenly believe rental payments are automatically reported to credit bureaus. The survey findings reveal widespread confusion about which payments are included in a consumer’s credit history. A majority wrongly believe payments for cable and internet fees (53 percent), utility fees (54 percent) and cell phone bills (52 percent) are regularly reported to credit bureaus. At the same time, less than a third (29 percent) correctly identified mortgage payments as data that is regularly reported to credit bureaus.

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Real Estate Consumer Q & A

8 ways to tick off your real-estate agent

Being a thorn in your agent’s side could undermine your house hunt. If you want a friendly relationship with your agent, here’s what you shouldn’t do

Your real-estate agent may stand to make a nice commission off you, but that’s no reason to take him for granted. After all, the agent is working for you ­— as in, on your behalf. If inspired, he can think creatively and act quickly — for you. He can negotiate wisely and fiercely — for you.

Or not. Your choice.

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The Importance of Asset Titling in Estate Planning

Asset titling is one of the most important — and often overlooked aspects of an estate plan. The manner in which an asset is titled determines how it can be disposed of during your lifetime and who receives it upon your death. 

Why is asset titling so important?

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5 Legal Mistakes Homebuyers Make

 

Five legal mistakes home buyers make:

  1. Not realizing that if you do not write a strong offer to purchase, the seller may reject or not respond to your offer.
  2. Not fully considering the legal, tax, credit & other ramifications of home ownership, especially co-ownership.
  3. Not understanding when a contract becomes legally binding
  4. Not obtaining seller’s disclosures
  5. Not conducting your own inspections and investigations as the buyer.

Home-Buying-Mistakes