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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Is Renting Right for Me?

Is Renting Right for Me? | Simplifying The Market

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize.

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying within the next 5 years, and 38% are planning to buy within the next 2 years.

When those same renters were asked why they disliked renting, 52% said rising rental costs were their top reason. The results of the survey can be seen here:Is Renting Right for Me? | Simplifying The MarketIt’s no wonder rising rental costs came in as the top answer. The median asking rent price has risen steadily over the last 30 years, as you can see below.Is Renting Right for Me? | Simplifying The MarketThere is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again, it’s never a bad idea to reconsider your family’s plan and ask yourself if renting is your best angle going forward. When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that “a 20% down payment is required to buy a home.”

The reality is, the need to produce a 20% down payment is one of the biggest misconceptions of homeownership, especially for first-time buyers. That means a large number of renters may be able to buy now, and they don’t even know it.

Bottom Line

If you’re one of the many renters who are tired of rising rents but may be confused about what is required to buy in today’s market, let’s get together to determine your path to homeownership.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
934 N Halifax Avenue Daytona Beach FL 32118
New Listing - 39 minutes on site
1 / 51
$499,000
4
BEDS
3
TOTAL BATHS
2,597
SQFT
934 N Halifax Avenue Daytona Beach, FL 32118
Single Family Residence For Sale
- Active

Coastal charm meets modern versatility in this beautifully remodeled two-story beachside home! The bright upper level features a cozy coquina fireplace, a stunning kitchen with granite countertops and a walk-in pantry, plus a spacious owner's suite w

Listing courtesy of Jamie Lucena LLC of Coldwell Banker Realty
5967 Plantera Court Port Orange FL 32127
New Listing - 2 hours on site
1 / 38
$415,000
3
BEDS
2
TOTAL BATHS
2,736
SQFT
5967 Plantera Court Port Orange, FL 32127
Single Family Residence For Sale
- Active

Charming Pool Home with No HOA!This well-maintained 3-bedroom, 2-bath home checks all the boxes including a fully fenced backyard and a private pool! Major updates include a NEW ROOF(2022), AC system (2023), and updated electrical panel. The water he

Listing courtesy of Listing Reciprocal of Nonmember office
1335 Lambert Avenue Flagler Beach FL 32136
New Listing - 2 hours on site
1 / 86
$1,250,000
4
BEDS
4
TOTAL BATHS
4,054
SQFT
1335 Lambert Avenue Flagler Beach, FL 32136
Single Family Residence For Sale
- Active

Luxury Estate Living in Flagler Beach. Nearly 2 Acres of Tranquility! Welcome to an exquisite custom-built luxury estate nestled in an exclusive community of Flagler Beach. Situated on 1.74 private acres at the end of a quiet dead-end street, this re

Listing courtesy of Jack Corbett of Coldwell Banker Premier Properties

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Related posts:

  1. Renting or Owning, What Is Better for You?
  2. Owning Is More Affordable than Renting in the Majority of the Country
  3. Buying a Home May Make More Financial Sense Than Renting One
  4. The Difference Between Renting and Owning [INFOGRAPHIC]

Posted in: Blog, Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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Latest Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
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  • Is Wall Street Really Buying All the Homes?
  • Don’t Let These Two Concerns Hold You Back from Selling Your House
  • The Big Difference Between Renter and Homeowner Net Worth
  • Should You Sell Your House or Rent It Out?

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

  • 10 Great Homes For Sale In The Greater Daytona Beach Area
  • How To Get Your House Ready To Sell in 2025
  • Don’t Miss Out on the Growing Number of Down Payment Assistance Programs
  • What’s Behind Today’s Mortgage Rate Volatility?
  • Is Wall Street Really Buying All the Homes?

James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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Contact James Today

James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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