Renters: Now may be the time to buy a home in Jupiter

The Shores of Jupiter is just one of the great communities in Jupiter where you can find some great home values.

It is now on average 47% cheaper to buy than to rent for 5 years assuming a 4.8% interest rate, 15% tax bracket in the West Palm Beach area.*
So renters, it may be time that you take the Homebuyer Challenge. To help you understand the financial impact of buying vs. renting, I have gathered some tools and articles that may help you decide if the time is right for you.

Now may be an especially good time to buy a home in Jupiter.

• According to Realtor.com you could save more than $200,000 over 30 years:
  $217,726: That’s What You’ll Save (Give or Take) If You Buy a Home Now
• Sun Sentinel states that even with the rising cost of homes, it is a still a more cost affective to own a home than rent one in South Florida as rents increase as home prices rise. Buying a home still beats renting.
• Trulia has an interactive map of the United States that allows you to adjust interest rates, tax rates and number of years you stay in the home.
• Realtor.com also has quite a few Rent vs Buy calculators to help you get a clearer picture.
• To learn more about buying a home, read this article by Amy Fontinelle on Investopidia.com. Amy has some great advice on how to meet the Homebuyer Challenge head on.
• You can use the following calculators to get a general idea of the financial benefit of home ownership and how much you can afford to pay for a home.

* Rent vs. Buy: Which is Cheaper for You?
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