With the arrival of a new bundle of joy, our cozy little condo in the swanky South Loop will become a tight fit in short order. The real estate market is soft and any sale of current properties will likely not bring much in profit. We can’t stay. So do we rent or do we buy?
Serious negotiations are currently underway. While no decisions have been made, I’ll let you in on the thought processes to date:
The softer real estate market makes a new home purchase very attractive. However, there are some common factors to consider in each individual scenario.
Rent vs. Buy
Answering yes to the above questions can help you determine if you are better suited to buy or whether you should consider renting just a little while longer.
Just which decision will we make? I’ll keep you posted.