Renting vs. Buying in today's market

I know that I probably sound like a broken record (or CD as it is today), but I gotta tell you, if you're even THINKING of buying or selling your house, now is as good of time as it's been in YEARS!  Interest rates are low, prices are low and banks and mortgage companies are interested in lending!

With all the positives, there can't be any negatives right?  Not exactly.  Inventory is still low but improving now.  As I mentioned in the previous post, you're seeing more construction which is a great sign things are shaking loose but it takes time to see the improvement.  But, believe me, it's there and moving.  Prices are on the rise which is great news for sellers and those that tried to sell in 2010, 2011, and 2012.  I've talked to several folks that have made it through those years and are starting to think about getting their houses back out there on the market.

If you need more information, he's yet another reason to buy in todays market:

http://www.forbes.com/sites/trulia/2014/03/05/buying-a-home-is-now-38-cheaper-than-renting/



Note the comment on what interest rates need to be to break even on renting vs buying!  Pretty astounding huh?

So, if you know someone that has tried to sell their home over the past 3 years and didn't have any luck in the Springfield MO area, let Deb and I know and we'll take good care of them.  If your nervous about house values, don't be because values are on the rise.  If you're nervous about values because you can't get 'what you want' out of your house, think about how much MORE house you can get for the money your paying.  In some situations, you can come out much better than you might think.