Should I Rent or Buy a Home?

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With a combination millions of FREE listings comprising of Homes For Sale, Houses For Sale, Condos For Sale, MLS Listings, Bank Owned Homes, Cheap Condos, Cheap Homes, HUD Housing, REO Listings, Real Estate Agents/Brokers and other real estate related properties, GreatHomeListings provides a comprehensive list of real estate listings that covers millions of home listings in the US.

It has been said that there are two kinds of people in the world: renters and buyers. Most people would probably prefer to own a home, rather than paying out money month and month, and year after year, to a landlord. The only real advantage to renting is the relative ease in which a person can move from place to place, if they do not own the house in which they live. Some people might argue that with the current state of the economy in the United States, owning a home may not always be the best choice, but home ownership still continues to be the best and most important financial decision a person make in most cases.

Building equity in a home is a way to gain wealth, and over the long run, security as well. People who own their homes seem to have a stronger sense of community and pride of ownership, which is reflected in the way their lawns and gardens are kept. Few renters would want to spend money on landscaping, for example, or outside improvements which could not be easily moved. A homeowner can change any area of the home, whereas a renter has to have the owner's permission before making changes. While a homeowner does have to pay property taxes, there are also definite tax advantages to owning a home. The interest on a mortgage loan is deductible for people who itemize, along with the interest on home equity debt and real estate taxes.

People who need to borrow money for whatever reasons will find home equity loans to be much more affordable than credit card debt. These are just some of the good reasons to be a homeowner instead of a renter. Working toward the goal of owning the deed to a true home has always been the dream of most Americans, whether it is large or small, downtown, or down a country lane.

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Resource Center

Real Estate FAQs

Check out the answer to the most frequently asked questions asked by home buyers in the US

Top Ten Mistakes Home Buyers Make

Purchasing a home is in all probability the biggest investment you will make. Avoid the commong mistakes most home buyers make.

Overview of MLS Listings

Discover how MLS Listings can help you explore homes for sale and find that perfect dream home for you

Real Estate Glossary

Familiarize yourself with the most common terms and definitions used in real estate

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