Renting Homes In Laguna Beach

Posted by Beach Cities Real Estate on Monday, November 23rd, 2009 at 8:27am.

Many times my clients will ask me if it is indeed cheaper to rent than to purchase a home. In these current economic times I'm seeing an increase in the number of people renting homes in Laguna Beach. We have a influx of corporate clients who are relocating to the area and renting for the first year so that they may determine where and when they want to purchase in California. With the median home price currently at about 1.5 Million in Laguna Beach, many people just cant afford to purchase a home. If you don't have cash reserves in the bank, a 2 year employment history, and good credit it may be difficult to qualify for a mortgage in today's market. However a FHA loan allows for the purchase of a home with a low down payment and your credit scores are not a major factor in qualifying. The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit applies where a binding sales contract is signed by April 30, 2010. So if you are thinking of purchasing a home soon or renting a property please contact us for a free pre-qualification! Visit our web site to see a complete inventory of Laguna Beach rentals and for sale properties in Laguna Beach

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