Hey, my friend told me that you are an excellent relator. Could you help me decided whether I should rent or buy a house?

Yes, of course. There are many benifits to renting and buying. 

With the process of renting you must fill out a rental application, then pay the application fee, prove that you can pay rent, show that you are an agreeable renter, and the you would sign the lease to rent the property. 

Thanks for explaining. That sounds like a lot of work. 

Here is a house you can try to rent. 

Wow, it is so nice in here. I am going to fill out the application and pay the $50 fee. 

RENTER'S APPLICATION 

Filling out this application and submitting proof that I can pay rent and that I'm an agreeable renter isn't too bad. 

Now that the owner has accepted your rental application, all you have to do is sign the lease to start renting the house.

You have signed the lease, now you're a successful renter. 

Lauren, I love your new house. 

Thanks!

I'm looking to get a house. Do you think I should rent or buy?

There are many pros to renting a house like I'm not responsible for maintenance and there is no long-term commitment. 

Wow, so there is nothing bad about renting.

Well, there are some cons. I am not building equity and there are no tax benefits to renting like there would be if I owned a house.

That makes me want to buy a house. Do you have a realtor?

I know the perfect guy. 

I'm still not sure about buying a house. What are the pros and cons to it?

The pros to buying a house are the federal tax benefits, the equity you build over time, and you have control over your living space. Some cons would be  that there are expensive upfront costs and you have to manage all of the maintenance. 

Ok, I want to buy a house then. 

There are many steps to buying a home. First you have to find a real estate agent, which you have already done. Then you will need to get preapproved for financing your home. After that you will tour homes and make an offer. Then you will get the home inspected if your offer is accepted. Then you will close on the home by paying the closing costs and signing necessary paper work.