Which works best for your timeline?
Are you ready to put down roots in Central Florida or are you still deciding which community is best for you and your family? If you are ready to establish your family and become a part of the community, then buying a home might be a good option for you. If you are still deciding where you want to live long-term, then renting may be more considerable for now.

  What does the local real estate market look like?
Central Florida is home to a number of great communities. It is important that you consider the market in the specific neighborhood that you are looking to purchase in. If the community is growing or in a buyer's market, which means there is a high inventory of homes for sale, then the time to buy may be right. On the other hand, if it is a seller's market, competition and the demand for homes may make it a more challenging time to buy.

  Can you afford to buy a home?
Buying a home typically requires a down payment. Traditionally, a down payment is 20% of the home's value. Depending on your credit, income level, and additional factors you may qualify for a loan that allows for a lower percentage. With renting, the up-front costs are typically a deposit and your first month's rent. It is important to compare the mortgage prices in your area with the average local rent payment. Depending on your location, you may be surprised to learn that a mortgage payment could be less or equal to a monthly rent payment.