Renting or Buying A Home

The biggest disadvantage to renting
If you’re a Millennial—or have a son or daughter who is a Millennial—you’ve probably had a discussion about renting or buying a home. It can be a hard question to answer, especially with the steadily-rising prices of houses.
However, there are clear disadvantages to renting:
  • Someone else controls all the rules, not you (such as whether you can have a pet).
  • You’ll see a steady increase in rent over time.
  • Zero tax advantages.
  • You have no say if your landlord wants to move into your place or sell to someone else.
The biggest disadvantage: You give away your money. Renting means you never will have the chance to build equity in a home. Instead, you give that opportunity to your landlord.
How you can help your kids buy a home

Have you ever wondered if there’s a straightforward way to help your kids buy a home? Well, there is, and it’s one of the oldest programs available: An FHA loan.

Your best bet is to work with a local mortgage lender to walk you through the specifics, but here’s how it generally works:

A parent and child can be co-borrowers on a FHA loan, even though the parent won’t live in the home. Normally, FHA would require a 25% down payment for what is called a “non-occupying co-borrower” loan.

Together, co-borrowers who are related by blood, law, or marriage are eligible for 100% of the maximum FHA loan they qualify for with the low-down payment features of the FHA loan.

Why robots will never replace real estate agents
Renowned scientist Stephen Hawking may worry about robots advancing beyond humans, but real estate is one industry where you won’t see robots replacing workers.
The real estate industry remains a relationship-driven business, involving the biggest purchase decision in most people’s lives. Human involvement, empathy, and intuition are incredibly important components in delivering a good experience for those searching for their first, second—or even fifth—home.
That’s not to say technology isn’t valuable. Technology is making agents even smarter, allowing them to gather information, communicate, and deliver answers faster for their clients.

 

 

My Pledge To You

As a Realtor in the greater Palm Beach area, My pledge to you is I will be in constant contact, listen carefully to your wants and needs. I can assist you whether a buyer, seller, or renter of Real Estate. I will always keep you abreast of your transaction. Help you understand documents before you sign. I make a commitment to you, my client to protect your privacy and adhere to a strict code of ethics. I am available to service any referrals you can offer me. If you are Buying, Selling, or Renting. I am here for you

Give Joy Redding a ring, Contact me at 561-727-9694.

Joy Redding, Remax Prestige Lake Worth Fl. 33460

Welcome to the 2018 Palm Beach Blog

      Joy Redding Realtor, Broker Associate

Welcome, and thanks for stopping by. I am a former Connecticut resident, now making the West Palm Beach Region my home. Along with my spouse we made this move four years ago, and love it!

I am full of that Realtor alphabet soup, ABR, CRS, GRI, SRES. I have earned many honors over the years. But, what is important is the trust and loyality I’ll earn through our relationship that I will forge with you. confidentiality and one on one is my specialty. I can assist you with advice on buying or selling. I will help First time buyers walk through the buying process, and I’m a seasoned REALTOR with over 25 years experience and knowledge to sell any property. I’ve worked in commercial or luxury home, rentals, property management and beachside communities. Oh, by the way I’m never too busy for your referrals.

Remax Prestige Realty

 

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