News Nudges Tampa Renters Toward Homebuying
By David Tipton, GRI, ePro, SRES, Real Estate Broker - Tampa
(Grady David Tipton Brokerage)
Great News for Tampa Area Renters Last week’s “Moneywatch” article on CBSNews.com was a surefire attention grabber. It promised to reveal a single “must do” tip for first-time homebuyers. The main point covered familiar ground but within the supporting information were some facts that could nudge some Tampa renters into becoming first-time homebuyers.Although the headlined “Don’t Buy a Home Without Doing This First” tip was good enough advice (“build your budget”), the details for how to accomplish that were hardly groundbreakers: Experts advise holding mortgage payments to a maximum of 28% of gross income. Budget for more than just the mortgage amount: allow for upkeep and extras, remembering that “rent is the most you will pay, but the mortgage payment is the least.” Budget no mor...
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