College Station Real Estate: Choose Between Buying and Renting a Home

A huge decision, a serious commitment – these aptly describe what home buying is all about, especially for those who are doing it for the first time.  While owning a College Station real estate property may seem like a very attractive prospect, given the economic gains the area is experiencing, a lot of careful planning and consideration have to be made before you take that plunge

One of the things you need to do is to balance emotions and logic. Writing for The Huffington Post, financial advice expert Carrie Schwab-Pomerantz, CFP recommends looking deeply into your reasons for buying a home. In particular, you need to ask yourself this: will owning and caring for a home give you a sense of security and stability, or will it be a burden and a sacrifice?


Selling vs. Renting: Another College Station Real Estate Decision

However, selling College Station real estate has its own advantages as well. In a market where property prices are on the upswing and consumer confidence is at an all-time high, selling a home can guarantee a bigger return. All the same, experts suggest holding onto the house for a little longer if moving isn’t your top priority.

When it comes to prime College Station, TX real estate, the decision to sell or to rent out a property requires careful planning. It will all depend on how much you’re willing to fork over in landlord expenses as well as whether you are comfortable with the idea of renting out your home in the first place. In any case, be sure to enlist the aid of an expert such as Keller Williams Realty.


Home Buying Guide: Get Help from a College Station Real Estate Agent

” There’s a lot of competition out there for homes, so tarry not. Get your credit report and start repairing any blips. If your scores are below 620 or so, a conventional loan will be a challenge. But if they’re under 740, you still might not get the best rates. Many buyers get a pre-qualification letter from the lender, but you can one-up them with a pre-approval, which comes after a more thorough evaluation of your finances.

The average buyers know that being pre-approved for a home loan increases their chances of a good purchase, basically because the seller has a guarantee of repayment. If you ask a College Station real estate agent for assistance in buying, it’s very likely that they’ll be asking for a pre-approval letter as well before showing off potential properties. Your pre-approved mortgage will help define the kind of home you can purchase.”