Buying a Home in Salt Lake City, UT


Rent or Buy?

Rent vs. Buy CalculatorIf you are trying to decide whether or not you should rent or buy in today's economy, I ran across this great little tool that can HELP you analyze what might be best for you.

I say "HELP" you analyze what is best because in order for it to be anywhere near accurate, you will have to do some research on each of the variables that are required for it to make a calculation. You will also need to have at least some idea about how long you want to "settle" down in the area you are considering renting or buying in.

What the calculator will do for you (if you input correct variables) is tell you at which point owning becomes better than renting (if ever). So if you plan to be in an area for only 3 years, and the calculator suggests that owning doesn't become better than renting until the 7 year mark, it may just make more sense to rent than own.

Homebuyer Representation, Inc. - Exclusive Buyer AgentsAs I mentioned before, in order for the calculator to be helpful at all, you will need to input accurate, or at least reasonably educated guesstimates for the variables. If you are considering a purchase in the Salt Lake City, Utah Area, feel free to call me at 801-969-8989 if you need help with any of the variables.

Whatever you do: Don't buy a home without an agent on YOUR side of the transaction!

Make sure you hire an Exclusive Buyer's Agent!

real estate agents on the buyers sideCall us at (801) 969-8989 or contact us via the link on this page.

©2011 Homebuyer Representation, Inc. - "The Real Estate Agents on the Buyer's Side" TM - Salt Lake City, UT - Exclusive Buyers Agents (EBA) - All Rights Reserved

Comment balloon 2 commentsBenjamin Clark • February 24 2011 04:07PM
Rent or Buy?
If you are trying to decide whether or not you should rent or buy in today's economy, I ran across this great little tool that can HELP you analyze what might be best for you. http :// www nytimes com/interactive/business/buy-rent… more
FHA MIP on the Rise - FHA Loans Becoming Less Attractive, Costing More
FHA Annual Mortgage Insurance Premium just went up another 25% On a $300, 000 loan, this means the monthly payment just went up $62. 50 per month! This goes into effect on loans insured by FHA on or after April 18, 2011. I hope our… more
Being Romantic
What does romance have to do with real estate? Probably not much. Nevertheless, my last blog entry focused on romantic things to do in the Salt Lake City, Utah in response to Salt Lake being ranked by Amazon. com as the 14th most… more
Romantic Things to do in the Salt Lake City Utah Area
Well, it's Valentine's Day and I better get out of my office soon, but first I have to post this blog entry I've been working on for the past week. A local news station posted a story about Salt Lake City, Utah being on Amazon. com's Top 20… more
Home Prices Up in 6 Salt Lake County Cities
This is in no way a suggestion that the market has hit bottom in any of these areas, but in the fourth quarter of 2010 home prices were actually up in 6 Salt Lake County cities We'll have to wait until we are into the Spring season to see if the… more
Home Prices Down 6% in Salt Lake County
As an Exclusive Buyer's Agent I'm constantly exposed to the inventory on the market in the Salt Lake area. There are still a ton of overpriced listings on the market, but that's improving. 1. Inventory is actually falling. My gut feeling… more