The Ole South Blog

The Ole South Blog: Are you still renting?

Categories: Interest Rates and Financial Information, New Homes for the First-Time Buyer, Renting vs Buying, Time to Buy | Posted: February 16, 2012

Have you ever thought of your home as a piggy bank?

If you are renting, the piggy bank belongs to your landlord.  And unlike owning a new home, the landlord can scream for more every year!

Rental rates are already on the rise in the Greater Nashville area, and the choices are getting fewer.  Read more:

http://www.tennessean.com/article/20120214/BUSINESS02/302140026/Apartment-shortage-squeezes-Nashville-renters?odyssey=tab%7Ctopnews%7Ctext%7CFRONTPAGE

So, WHY are you STILL RENTING?

Home mortgage interest rates are lower than they have ever been, even lower than one year ago!  Read more about that too:

http://money.cnn.com/2012/02/02/real_estate/mortgage_rates/index.htm

So again, WHY are you STILL RENTING?

We hear it all the time…. “I am going to rent until I can save enough money for a down payment on a home.”  That is a very good plan…. IF you are actually doing that.  The good folks at Tennessee Housing Development Agency have another plan you may wish to consider….

Let THEM pay your downpayment for you! 

So many people have not a clue as to how the THDA Great Start program works.   Check into it. 

In most areas of Middle Tennessee, you could purchase a new home up to $275,000!  (Ole South offers a great selection of all brick homes below this price too…even in Williamson County!)

There are income limits for eligibility, but they are higher than you might think.  A 1-2 person household can make up to $79,440.  Three or more person households can make up to $92,680 and still be eligible.  Click here to determine the limits for your county.

So, WHY are you STILL RENTING?  Visit Ole South TODAY!

From the 80’s to the 300’s, you’ll find a brand new home to meet your every need!

 

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