A general assumption is that if you can get a mortgage that is equal or less than your current rent, you should buy. But, this is not an equal assessment of the true cost. A homeowner has a mortgage payment, which is often compared to rent but shouldn’t be because it’s made up with a combination of interest payments and principal payments. Instead, you need to understand the total costs involved by identifying the unrecoverable cost of renting, and the unrecoverable costs of buying, as well as the opportunity cost. Sooner or later, everyone settles down, and if you make a smart decision now, you’ll be way ahead of the game later. Click Here to download our guide that explains the differences. Contact us today to help you find a new home, be it rental or purchase - we've got you covered!
Sometimes, it can be a little overwhelming also. When you find the place you want to rent, the first step is submitting an application. Most property management companies have similar fees and rules. Here are a few common items: A separate application (and application fee) for anyone over the age of 18 Information on any pets to be considered Rental history verification Credit check Criminal background check Click here to take a look at AgentOwned’s Applicant Instructions To see all available rentals in the Greater Charleston area, click here . For more information about renting, Contact Us .
