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want to know whether it is a good investment to buy a townhome in Manayunk

Thu May 15 2008, 04:56 - Manayunk - Home Buying - 3 answers
 
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Em
Home Buyer
Em, Home Buyer in
Answers (3)
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Jim Johnson was FIRST TO ANSWER
Hello Em,
These gentlemen offered pretty good advice. No one has a crystal ball and can see the future. What you need to do is figure out what your objectives are and make your decisions accordingly. Real Estate is usually a pretty good investment, but anything can happen. If there is any way I can help, feel free to contact me.
Good luck to you!
Michael

Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net
www.mortgagepro.instantlender.com
Michael

Thu May 15 2008, 07:16
 
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Hello Em,

That is a difficult question to answer. How long do you plan on owning the property? Are you going to live there or rent it out? What price range are you considering. New home or Resale? Let me know the answers to these questions and I can give you the information you need to make the decision.
Thanks
Greg

Gregory S. Parker, CRS
Coldwell Banker Realty Professionals
2924 Swede Road
East Norriton, PA 19401
Office 610-277-5000 Ext. 249
Direct 610-994-1147
greg.parker@coldwellbanker.com
www.PhillyAreaHomeHunter.com

Thu May 15 2008, 07:10
Web Reference: http://www.PhillyAreaHomeHunter.com
 
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FIRST ANSWER
Are you an investor? If not, you should not think about the purchase of a home as an investment. It's great that a home often is an investment, but that should not be your primary consideration. An agent could not answer your question at any rate. An agent could however provide a trend analysis to show whether properties have been appreciating, giving you the basis for your own decision about the value of property as an investment.

You should make a buyer's agency agreement with a local REALTOR member of the MLS.

Thu May 15 2008, 05:58
 
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