The real estate market here in New York is not exactly the same as it is in other parts of the country.
Yes we do have a great buyers market right now with the huge amount of foreclosures and low interest rates, but taxes are still very high as are prices.
Your best bet if money is tight or if you are able to buy but you are on the fence is to just rent.
People assumed that home purchasing was one of the safest investments you can make but the past few years have disproved that theory.
It was believed that if a stock bottomed out you had nothing left but homes rarely lost value so you are unable to lose everything.
Well many people lost everything and thousands more are still fighting foreclosure with everything they have.
There are many advantages to renting a place to live rather than buying one, especially here in New York.
If you want to move somewhere either because you have a new job or you grow tired of the place you are in or for any other reason, you would have to put your home up for sale and wait months and maybe years before a decent offer came up.
If you are renting it is very easy to move to a new place, and you can usually get a better deal because you have more options.
This is also why you need to keep a good credit score.
People think you only need a good score if you are planning to buy but many owners actually check your number when you apply to rent because they want to choose the best possible tenant, someone who will pay on time and take care of the place.
If you are worried that your number will cost you a great place you can get it fixed in weeks by getting credit repair.
Credit repair is great because it is very effective, affordable, simple and the work is done for you.
By David George