Renting vs. Buying an Orange County Home
Some of the Many Benefits of Owning Versus Renting:
- Tax write offs from both the IRS and the State of California.
- Potential substantial price appreciation of homes over time.
- Avoiding persistent rent increases year-after-year.
- Avoiding landlord problems and sudden notices that the rental property is being put up for sale.
- Avoiding being "priced out" of an ever-increasing housing market.
- Favorable treatment of capital gains and exclusion of $250,000-$500,000 of the capital gain from taxable income.
Great Reasons to Consider Buying Now:
- Lowest interest rates for home loans in 25-30 years
- A 1% increase in interest rate is equivalent to a 10% increase in home prices in terms of your monthly payment
- Home prices have declined on average approximately 40%
- Lots of inventory to choose from
- Motivated sellers
- Record number of foreclosures and short sales on the market
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With over $750 Million in real estate sales, The Aaronson Group offers an unparalleled level of service to our highly respected clients. Whether you are looking to buy or sell your home, we guarantee that our expertise, professionalism & dedication will navigate you towards meeting your unique real estate needs.
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