Are You Spending More Money by Renting Instead of Buying?


The Idaho Falls real estate market is diverse with both buyers and sellers alike seeking a variety of different properties. As a prospective seller, you can find out the market value of your property with a free home value report right here, or if you're looking to purchase in the Idaho Falls click here for full MLS access. Always feel free to reach out to us for any questions regarding the current market conditions, or the value of your property at 208.227.5320.

It's crazy, but true: not many people are familiar with the value of home ownership. 


Interest rates remain incredibly low - just the other day, we had a client who was able to lock in a 15-year fixed-rate mortgage at 2.75% on a VA loan! 

That's almost stealing money...

Typically, rates for an FHA loan are around 3.75%. Today, if you are renting a $150,000 house, your monthly payments are probably between $1,000 and $1,200. If you were to purchase a home for that same price, your monthly payment would be up to $300 less! Over the course of a year, that is a significant amount of money.

Not only are you saving money by owning property, but you have the joy of home ownership. Instead of helping the landlord pay off their mortgage, you will be building equity you can use down the road. 

If you have questions about the benefits of home ownership, please don't hesitate to reach out to us. We would love to help you make the most important and financially rewarding investment of your life!