Rent To Own in Cape Coral Florida

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Rent to Own SWFL

WELCOME TO A NEW PATH TO HOME OWNERSHIP!

Are you close to being able to buy a home but aren’t quite ready? Did you just move to Cape Coral and aren’t sure where you want to live? Do you need to rent right now but really want to buy a home in a couple of years? Home Partners’ Lease with a Right to Purchase Program may be right for you.

Home-Partners-Logo

HOW THE PROGRAM WORKS

The program is very simple: you apply on Home Partners of America’s website, and if you’re approved, we help you find the home you want in Home Partners’ Program. Home Partners buys the home and rents it to you, and you have five years of rent certainty with only a one-year financial commitment on the lease.

And most importantly, you can buy the home that you selected from Home Partners at a price established when you enter the Right to Purchase Agreement, in accordance with the terms of the Agreement. This is an exciting opportunity, and we urge you to apply to the Lease with a Right to Purchase Program if you think it sounds like a good match for you. You can find more information on their website.

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Click here to read more about this wonderful Rent to Own program brought to you by Bob Ashworth Remax Realty Team. As always, we encourage you to call Bob directly at 239-425-2503 with any questions or concerns or to just find out if this is really a good fit for you. If you know of anyone that could benefit from this information please feel free to share it with them. Thanks in advance for subscribing to our blog and allowing us to share this valuable information with you!

Bob Ashworth Remax Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Business Card 2014

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

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Is it cheaper to Rent or Buy?

Posted in Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Buying Questions, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Rent Vs. Buy, Sell Your Home Now, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Rentals

rent-vs-buy

Cheaper to own than rent regardless of mortgage rate

Trulia’s Winter 2013 Rent vs. Buy Report looked at homes for sale and for rent on Trulia between Dec. 1, 2012, and Feb. 28, 2013, and compared the costs, factoring in transaction costs, taxes and opportunity costs. For home-ownership costs, study authors assumed a 30-year fixed-rate mortgage, 20 percent down, itemizing tax deductions at the 25% bracket and a stay of seven years in the home.

Overall, buying a home is 44 percent cheaper than renting nationwide – down just slightly from 46 percent in 2012. In each of the 100 largest metros, buying is more affordable than renting, though it ranges significantly – from 70 percent cheaper to buy than rent in Detroit to only 19 percent cheaper in San Francisco.

Florida Real EstateIn the 10 Florida markets checked by Trulia, savings ranged from 40 percent to 60 percent. The include: 

  • Miami: 43% cheaper to buy
  • Fort Lauderdale: 53% cheaper to buy
  • West Palm Beach: 56% cheaper to buy
  • Cape Coral-Fort Myers: 45% cheaper to buy
  • North Port-Bradenton-Sarasota: 51% cheaper to buy
  • Lakeland-Winter Haven: 55% cheaper to buy
  • Palm Bay-Melbourne-Titusville: 50% cheaper to buy
  • Orlando: 51% cheaper to buy
  • Tampa-St. Petersburg: 55% cheaper to buy
  • Jacksonville: 54% cheaper to buy 

Individual own-versus-rent savings will vary depending on details, but Trulia posed an adjustable map on its website.

Visitors can change the map to suit their circumstance by choosing the mortgage rate they expect to pay (3.5%, 4.5% or 5.5%), their IRS tax bracket (none, 15%, 25%, 35%) and the length of time they expect to be in the house. The map then changes its buy-versus-rent estimates based on input.

For example, changing a Miami buy-versus-rent decision to a three-year stay, 15 percent tax bracket and 5.5 percent mortgage interest rate makes it wiser to rent for a 1 percent savings.

“People who didn’t buy a home last year may have missed the bottom of the market, but they haven’t completely missed the boat,” says Jed Kolko, Trulia’s chief economist. “Buying remains cheaper than renting in all 100 large metros. Even buyers who can’t get today’s lowest mortgage rates will still find that buying makes more financial sense than renting in nearly all local markets – so long as they can get a mortgage in the first place.”

Rent vs Buy

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Sincerely,
Bob Ashworth
Your Real Estate Solutions Provider

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog