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Different about renting home versus qualify to own one

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Reference no: EM133378061

With all of the programs that we currently have to help buyers into a home, why do renters still think it is cheaper to rent than buy a home? If you rent a home you have to come up with first, last and a deposit. If the rent is $1,500 per month that could be $5,000. For an average home in Modesto you can purchase a home with the same about of money out of your pocket.

I want you to talk about what is different about renting a home versus qualify to own one. When you look to rent today they check credit and income. They want to know that you can afford the rent. This is not much different from purchasing a home. If you are talking to your client about the process of qualifying, how would you explain to them the benefits of owning a home, how would you explain the process of qualifying?

Reference no: EM133378061

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