Is it Cheaper to Buy than Rent?

Did you know that buying a house in metro Phoenix is as much as 34 percent cheaper than renting a house? Based on current home prices, rents, types of mortgages and interest rates, it can be cheaper to buy a home than to continue renting. Falling interest rates over the past few weeks have made buying more affordable for many people. The current1010119_731602346914610_5604799721344199900_n average rate, according to Freddie Mac, for a 30-year mortgage is about 4.12 percent. Nationally, buying is now approximately 38 percent cheaper than renting if you stay in a house for seven years, get a 30-year mortgage, put 20 percent down, itemize deductions at the 25 percent tax bracket and get a 4.3 percent mortgage rate. Sounds like it’s time to start the holiday shopping a little early…time to start shopping for a house.

Contact the Sibbach Team to view Scottsdale homes for sale.  480-215-7365

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  • #1 AZ Real Estate Team

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    - Nominee

    Finalists will be announced in October 2016

  • Top Ranked Real Estate Team

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    2015, 2016

  • Top 10 Buyer’s Agent

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    Homes & Land Magazine 2015, 2016

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    Arizona Regional MLS 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016

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    Realty One Group, North Scottsdale Office -2015, 2016 Realty One Group, Scottsdale Office - 2011, 2012, 2013, 2014 Realty One Group, National - April 2014

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  • Date: 09/12/2018

    Source: Zillow

    First, what a lovely human being! I was very lucky to have found Janet before I left the east coast. We were in touch constantly - Read More

  • Date: 09/12/2018

    Source: Zillow

    Gina was on it from the minute I talked to her about what we were looking for. We were from out of town so she - Read More

  • Date: 09/12/2018

    Source: Zillow

    Alex is extremely knowledgeable, attentive, and a pleasure to work with! He is personable yet professional and puts your needs above his own. As an - Read More

  • Date: 09/07/2018

    Source: Zillow

    Gina was there for us from viewing different types of homes (condos, townhomes, and houses), writing our offer, and all the way through the final - Read More

  • Date: 09/05/2018

    Source: Zillow

    We had a nice experience working with Vicki and would highly recommend her. She provided excellent advice during our purchase of our home in Scottsdale. - Read More

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