Many people in today’s economy are fearful of buying a home because they worry about owing more than their home is worth. Instead, they believe its best to wait out the market and rent a home in the meantime. Rather than throwing away all of that money on rent, look at the value breakdown below of buying over renting at Circle 118.
Cost/month, renting: $2250
Mortgage payment/month: $1750, plus your potential personal tax write-off savings of $350/month, plus a realistic potential equity build up of $550/month would equal:
Cost/month, buying: $850
Savings: $1400/month, which is over $50,000 of savings over 3 years!
Finally, what if you were guaranteed a buyback on your home if you wanted to sell within the first three years? Circle 118 makes that possibility a reality with their limited townhome repurchase value agreement. To break it down simply, Circle 118 offers a three year ‘value guarantee’ that will significantly reduce your ultimate exposure to losses, almost to zero, should you decide to sell during a ‘down market’ environment. The fundamental economic advantages of buying vs. renting are obvious. Our value guarantee makes such a decision even more clear.
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