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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
72 Lincoln Street St. Augustine FL 32084
New Listing - 2 hours on site
1 / 22
$449,999
2
BEDS
2
TOTAL BATHS
1,029
SQFT
72 Lincoln Street St. Augustine, FL 32084
Single Family Residence For Sale
- Active

Historic Lincolnville home beautifully remodeled. Built in 1912, this home was fully restored in 2018 and is like new. This updated Lincolnville home offers 2 bedrooms, 1.5 bathrooms, the spacious open kitchen has shaker cabinets, blue backsplash, m

Listing courtesy of Carol Bigelow of 1st Florida Realty LLC
614 Landshark Boulevard Daytona Beach FL 32124
New Listing - 16 hours on site
1 / 97
$439,900
2
BEDS
2
TOTAL BATHS
1,563
SQFT
614 Landshark Boulevard Daytona Beach, FL 32124
Single Family Residence For Sale
- Active

Live vibrantly in this upgraded Antigua Villa in Latitude Margaritaville—perfect for those seeking the ability to live their best life now. Enjoy light plank tile flooring, tropical designer paint, and French doors on the den for a flexible guest spa

Listing courtesy of Kelley Sarantis of Bob Hodges and Sons Realty
213 S 26th Street Flagler Beach FL 32136
New Listing - 19 hours on site
1 / 47
$610,000
3
BEDS
2
TOTAL BATHS
1,406
SQFT
213 S 26th Street Flagler Beach, FL 32136
Single Family Residence For Sale
- Active

Welcome to your dream beachside retreat in Flagler Beach! Perfectly situated just one block from the sandy shoreline and one block from the tranquil Intracoastal Waterway, this move-in ready 3 bedroom, 2 bath pool home offers the ultimate Florida lif

Listing courtesy of James Brodick of Realty Pros Assured

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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

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

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