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

  • Best REALTOR® In The Valley 2017

    - Nominee

    Finalists will be announced in October 2016

  • Top Ranked Real Estate Team

    - Phoenix Business Journal

    2015, 2016

  • Top 10 Buyer’s Agent

    - by Sales Volume

    Homes & Land Magazine 2015, 2016

  • Top 10 Producing Agent

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    Homes & Land Magazine 2011, 2012, 2013, 2014, 2015

  • Top 1% of REALTORS®

    - in Maricopa County by Sales Volume

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

  • Real Estate Agent of the Year

    - Finalist

    AZ Business Magazine – 2014

  • #1 Real Estate Team

    - in Arizona

    Ranking Arizona – 2014

  • #1 Agent by Sales Volume

    - in Arizona

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

  • Gold Zone Award

    - in Arizona

    Realty One Group, National - 2014, 2015, 2016

  • Real Trends

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    Best Real Estate Agents in America 2014

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  • Date: 1/7/2019

    Source: Email

    I wanted to send you an email letting you know how happy my husband and I are that we chose to work with the Sibbach - Read More

  • Date: 11/16/2018

    Source: Zillow

    Scott helped my wife and I purchase our new home. At all times he was professional and helpful. He advocated for us when needed, and - Read More

  • Date: 11/16/2018

    Source: Zillow

    As a longtime investor of residential real estate in Canada and California, I decided to diversify into in Arizona. Winnie was recommended to me by - Read More

  • Date: 11/22/2018

    Source: Zillow

    Edward and Amy helped me buy and sell my home, his experience and knowledge was amazing, as well as the overall all experience. They made - Read More

  • Date: 12/07/2018

    Source: Zillow

    Jackie is truly a gem. We were looking to relocate, not unlike many Californians, to Scottsdale. We were suffering from online exhaustion when Jackie returned - Read More

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