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340 MacMillan Road
Cleveland TN News
Cleveland News
Local news for Cleveland, TN continually updated from thousands of sources on the web.
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Wayne Sherlin
Realty Executives of Cleveland
4245 N. Ocoee St, Ste 1
Cleveland, TN, 37312
Office: 423-614-7656
Cell: 423-618-0056
Fax: 423-614-7650
Lic. #: 00248702
When is the best time to buy? | Print |
Providing valuable resources for our Real Estate Buyers and Sellers is our top priority.

Here are some frequently cited reasons for buying a house:
* You need a tax break. The mortgage interest deduction can make home ownership very appealing.
* You are not counting on price appreciation in the short term.
* You can afford the monthly payments.
* You plan to stay in the house long enough for the appreciation to cover your transaction costs. The costs of buying and selling a home include real estate commissions, lender fees and closing costs that can amount to more than 10 percent of the sales price.
* You prefer to be an owner rather than a renter.
* You can handle the maintenance expenses and headaches.
* You are not greatly concerned by dips in home values.





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Last Updated ( Monday, 27 November 2006 )
 
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Rent vs. Buy Calculator
Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)

$   This is your rent over the period
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