Rent vs Buy

Buying your first home will be one of the biggest financial decisions of your life, but there are a ton of great long term benefits to owning a home rather than renting.

You Should Rent

I Plan To Live In The Area For Less Than 2 Years

I Want To Stay Flexible

I Need To Build My Credit / Repair Credit History

I Am Saving Money For A Down Payment

You Should Buy

I Plan To Live In The Area For More Than 2 Years

I Want To Have Freedom To Customize My Home

I’m Looking To Save Money With Tax Deductions

I Want To Build Equity

Why It Pays to Buy

To buy or to rent, that is the question.

If it’s not in the cards for you right now, here are some reasons to start working towards homeownership.

The chart shows a cost comparison for a renter and a homeowner over a 7 year period. The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000. After 6 years, the homeowner’s payment is lower than the renter’s monthly payment. With the tax savings of homeownership, the homeowner’s payment is less than the rental payment after 3 years.

Source: Ginnie Mae

$140,777 Paid in 10 Years of Renting

With renting, that is $140,777 down the drain that you will never see again. Homeownership not only has tax advantages but as you pay down your mortgage loan and as home prices rise, your equity increases.

Average Increase 3.5% Per Year
Source: National Association Of Realtors®

Contact Nicole Ferrell

I’m always available to help! Shoot me a text or give me a call for the quickest response. Helping my clients sell their home for top dollar and with the most ease is what I am passionate about – I’m always here to answer your questions.


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About Nicole Ferrell

Nicole Ferrell brings confidence and professionalism to her clients. Born and raised in Southern Oregon, Where she attended Southern Oregon University. She has called the Willamette Valley home for 18 years. Her previous experience in title and escrow prepared her for a real estate career.
Nicole and her family live on the banks of the Mckenzie River. This is where she and her family enjoy hiking on the countless trails, boating in the many local rivers and lakes, and picnicking alongside the Willamette river. Nicole is also a fan of local music and theater scene, she sits on the board of the local children theater, Rose Children’s Theater as their past president.
Nicole’s clients and business associates appreciate her honesty, knowledge, negating skills and friendly outlook.

Her personal ties and professional relationships within the community assist home sellers and buyer transition from and to their new homes with ease and confidence. This high-quality network extends beyond the willamette Valley to open doors for her clients to be at home anywhere.

Nicole Ferrell proudly provides top notch service to home buyers and home sellers throughout Lane County area. Nicole’s energy and passion flow in equal amounts toward providing great service experiences, providing outstanding marketing packages, and helping shape the Lane County landscape as a trusted resource with her referral partners.