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Real Estate News
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Cities Where It's Cheaper to Buy Than Rent
It’s cheaper to buy a home rather than rent one in 72 percent of the 50 largest U.S. cities, according to Trulia’s rent vs. buy index, which compares the total cost of home ownership to the cost of renting.
"Since the start of the 'Great Recession,' many former home owners have flooded the rental market,” Pete Flint, CEO of Trulia, said in a news release about the index. “Following the principles of supply and demand, renting has become relatively more expensive than buying in most markets.”
The index compares the median sales price of homes with the median rent on two bedroom apartments, condos, and townhomes that were listed on Trulia as of Jan. 10, 2011.
Here are the top 10 cities where it’s best to buy than rent, according to the index:
1. Miami
2. Las Vegas
3. Arlington, Texas
4. Mesa, Ariz.
5. Phoenix, Ariz.
6. Jacksonville, Fla.
7. Sacramento, Calif.
8. San Antonio, Texas
9. Fresno, Calif.
10. El Paso, Texas
Source: “Cheaper to Buy Than to Rent in 72% of Largest U.S. Cities,” Inman News (Jan. 24, 2011)
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Alec Tikhonoff / Century 21 C. Watson Realty
Welcome to my web page, your one-stop source for all of your
Real Estate
In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other home buyers to the hottest new homes for sale in Fresno with my New Listings Notification.
If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.
Call me at 559-473-9489
Whether you are buying or selling a home, hire a professional like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. Real Estate is one of the most exciting investments one can make, and it should be a fun and rewarding experience. I have everything you'll need at my disposal to help you buy or sell a home, as well as learn about the market value of Homes, Land, or Businesses you may own, or wish to purchase in the area.
In addition, along with C. Watson Financial, Not only can I take care of your Real Estate needs, but I can help with your financial needs as well. Whether it be pre-qualification and securing a purchase loan, or if you just would like to re-finance your existing loan to a better rate, here at Century 21 C. Watson I can get the job done for you.
If you have any questions about buying or selling Real Estate in California, please contact me, as I am more than willing to help you with whatever your need may be.
Alec Tikhonoff
Century 21 C. Watson Realty
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Making an Offer
Once you’ve found your dream house, it’s time to get started with the financial and contractual side of the purchase. Let me, your CENTURY 21® professionals guide you through this process. Purchase contracts vary in length and terms from state to state, and within a state, from locality to locality. Because you and the seller have different goals, you can rely on my CENTURY 21 agent’s experience and expertise. I can bring order and calm to the process and will know what questions you may not know to ask to help you reach a favorable outcome. Multiple offers on the same home are not uncommon, so you may only get one chance to make an offer that the seller will consider. That's why it's important to think carefully about your strategy. In most cases it is better to have me, your real estate professional negotiate the offer. If you have any personal interaction with the homeowner, don't give out any information about your move, your current housing status, financial status or your feelings about their property - positive or negative. This could hurt you in future negotiations. And if you are interested in buying a new home, don't go it alone, I can also be your representative with the builder at no cost to you to help take away all the worries of the purchase and ensure a smooth closing process.
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