If I want to move out my parents house whats the quickest way renting or buying?

[Anonymous]

[ChrisMaster69]

Well you need proof of income and ability to pay the rent.

you will also likely need deposit which can be 3-8 months rent.

you also may need references.

best thing to do is to see an estate agent and check out local prices for renting.

also see a mortgage advisor for what you personally need for a mortgage, this varies between everyone. In the UK it means a large chunk of cash as deposit.

[Caliguy88]

If all you want is quick, probably rent. (Depends on your area a little.) But I’d probably consider buying if you can. I invest a little. I don’t do real estate for a job, but if you want to be pointed in the right direction about the financials of it you can PM me and I can show you some of the tools I use when investing.

[WhitneySnow]

I’m gonna probably say renting cause it costs less money. That’s what my cousin did when she moved off campus.

[AviatorTom]

Assuming you can afford both, renting is quickest, since you can usually move into an apartment at the start of the next moth, which buying a house takes several weeks of preparation before closing and moving in.

[Tyrael]

If you don't already know that getting a mortgage is not an easy or quick process then maybe it's not time to move out just yet. Do a bit more research.

[slatyb]

Renting is definitely quicker. Buying property is more complex than signing a lease.

[Anonymous]

likely renting as buying is more long term and expensive

[driven159]

renting is faster and buying right now is not a good idea

[Anonymous]

Renting and cheaper usually but still need money upfront

[skeetskeetskeet]

Are you even in a position to buy

[Anonymous]

Rent for now, and start saving.

[Anonymous]

Option C.


Sugar daddy

[EaterPeter]

Renting