Study: Buying a Home Is 44% Cheaper Than Renting

Study: Buying a Home Is 44% Cheaper Than Renting

Daily Real Estate News | Friday, March 22, 2013 

The recent rises in asking prices has been outpacing the increases in rents, but home buying still may make more financial sense, a new study shows. Owning a house was found to be 44 percent cheaper than renting, according to the latest study from Trulia that compared the costs of the two.
The study found that owning is less than half the cost of renting in 46 of the 100 largest metros. “Buying a home is cheaper than renting in all of the 100 largest metro areas,” according to Trulia.
Falling mortgage rates are helping to keep home buying more affordable. But depending on where you live, the difference between owning versus renting can be big or small. For example, in San Francisco, home ownership was found to be 19 percent cheaper than renting, whereas in Detroit owning a house is 70 percent cheaper than renting.
The following are places where home purchases exceed renting by the highest amounts:

• Detroit
• Dayton, Ohio
• Gary, Ind.  
• Cleveland, Ohio
• Warren-Troy-Farmington Hills, Mich.
• Toledo, Ohio
• Memphis, Tenn.-Miss.-Ark.
• Kansas City, Mo.-Kan.
• Birmingham, Ala.
• Indianapolis

Source: Trulia Trends

 Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Casa Grande Home of the Week - 2647 E Golden Trail, Mission Royale, Casa Grande, AZ

Casa Grande Home of the Week

2647 E Golden Trail, Mission Royale, Casa Grande, AZ

Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520 (280) 2766

Email:  info@eliterealestatepros.com

Pigeon Deterrent

Hello Mission Royale Adult Community Residents,

Please follow the link to view information regarding Pigeon deterrents.

Click here:  Pigeon Deterrents.pdf

Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Casa Grande Home of the Week - 2440 E Santiago Trail, Mission Royale, Casa Grande, AZ

2440 E Santiago Trail

 

  Turn-key home

Located in the popular Mission Royale Active Adult Community. This 2 Bedroom home is ready for you to move in. Addition off kitchen adds formal dining and office area with wall mounted TV, home is beautifully decorated and painted throughout, electric fireplace in living room, ceiling fans throughout, kitchen comes

complete with silestone countertops, stainless steel appliances, reverse osmosis & even a Keurig. Then when you step outside you can enjoy the extended patio with BBQ grill, Patio Heater, fire pit and exterior lighting all around. This is a must see call today!

Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

10 Most Searched Housing Markets

10 Most Searched Housing Markets

DAILY REAL ESTATE NEWS | THURSDAY, FEBRUARY 21, 2013

Which markets are attracting the most traffic from prospective home shoppers online? Realtor.com released its top-searched metros for January, which shows that Chicago continues its streak as the front-runner in most searched metro at the site. 

The rankings for January are:

1. Chicago
2. Los Angeles-Long Beach, Calif.
3. Dallas
4. Detroit
5. Atlanta
6. Boston-Westchester-Lawrence-Brockton, Mass.-N.H.
7. Philadelphia, Pa.-N.J.
8. Tampa-St. Petersburg-Clearwater, Fla.
9. Phoenix-Mesa, Ariz.
10. Orlando

Source: Realtor.com

Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Casa Grande Home of the Week - 2475 E Golden Court, Mission Royale, Casa Grande, AZ

2475 E Golden Court, Mission Royale, Casa Grande

Price Improved!!!!

2 Br + Den, San Miguel Model Home in Mission Royale Active Adult Golf Course Community! This beautiful home has Corian kitchen countertops, stainless steeel appliances, 18'' tile throughout, elevated  toilets, ceiling fans, south facing patio, security door, motion lights, and sits on an oversized cul-de-sac lot! The community amenities include, heated pools and spa, golf course, clubhouse with library, exercise facilities, tennis courts and more.

Neal Buckner, Broker/Owner REALTOR®, CDPE

Elite Real Estate Pros

Office (520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Study Reveals the Home Scents That Help You Sell

Study Reveals the Home Scents That Help You Sell

DAILY REAL ESTATE NEWS | TUESDAY, FEBRUARY 19, 2013

Real estate professionals have long paid attention to the smell of a home, making sure the scent is pleasing to buyers to hopefully bring about a quicker sale. But new research suggests that some of the common scents real estate professionals may reach for in prepping a home for sale can actually turn off home buyers. 

Some of the worst scents for real estate open houses: Potpourri, chocolate-chip cookies, gourmet foods, and other baked goods, according to the study. 

On the other hand, some of the best smells: Lemon, green tea, cedar, pine, basil, and vanilla. 

Researchers studied 402 people in a home decor store in Switzerland to find which scents were the most pleasing to customers. Shoppers spent nearly 32 percent more when the store had a simple orange scent over a more complex scent of orange, basil, and green tea—all combined. 

Researchers have applied the findings to help provide insight into the smell of homes during open houses.

Researcher Eric Spangenberg, dean of the college of business at Washington State University, says that complex scents, like baked goods, can be a distraction to potential home buyers because they’ll subconsciously dedicate time to try to figure out what the scent is. But at a real estate open house, you want a potential buyer not to be distracted by processing a smell. “They are there to process whether this is a place they want to live,” says Spangenberg. 

Instead simple scents — like pine, lemon, and cedar — are easier to process and less distracting, Sprangenberg says. 

Source: “Using Smell to Make a Sale,” The Wall Street Journal (Feb. 14, 2013)

 Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com