I am by no means the tech-whiz of Agent Genius, but I found this do-flicky-thing. AND I found it before Lani.Adjust the figures to your market and you have a visual that compares rent to own. Calculate monthly rent, home price, down payment, interest rate, property taxes and go. Click on a particular year and receive an instant summary of both options.
It makes the assumption that the rate of increase/decrease is the same over 30 years, so you’ll have to make adjustments for that in your calculations.
It’s not a discussion of a home being a nest and all that goes with that, but it’s still a cool piece of the puzzle.
Lani Anglin-Rosales
March 19, 2008 at 12:19 pm
This is pretty dang cool! What a cool piece of the puzzle!
Missy Caulk
March 19, 2008 at 1:11 pm
I love it, and you found it before Lani, Amazing. I tested it for my area, where we have a lot of Residents move in for 3-4 years and it shows they should by after the 2nd year. Thanks
Ryan Hukill
March 19, 2008 at 1:14 pm
Awesome new tool! People are such visual creatures, I can see this being a HUGE benefit to many. Thanks for sharing.
Vicki Moore
March 19, 2008 at 3:50 pm
Awesome! I’m glad you’ll get use out of it. It’s a neat thingy.
Larry Yatkowsky
March 19, 2008 at 3:55 pm
Vicki,
Free beer and pizza for this one. Thanks.
Vicki Moore
March 19, 2008 at 6:38 pm
Larry! Cool. I’ll take you up on that one.
Ines
March 19, 2008 at 9:40 pm
Look at you MS GEEKY!! 🙂 …..very cool!
Aria Schoenfelt
March 20, 2008 at 8:53 am
Thanks for the tip! I love technology and this should help illustrate options to both buyers and sellers.
Seaside Florida Vacation Rentals
March 21, 2008 at 5:18 am
Great new tool. I like it and think is very useful.