Trulia Voices—Erie

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

My family is moving to Erie as I will be attending medical school at LECOM. Should we rent or buy?

Fri Feb 1 2008, 16:53 - Erie - Market Conditions - 7 answers
 
Useful
(0)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Phillip G.
Home Buyer
in Philadelphia
Phillip G., Home Buyer in Philadelphia in Philadelphia
Answers (7)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Dennis Weed was FIRST TO ANSWER
With historically low interest rates it is a great time to buy a home. Why pay rent, when you can build a little equity? Our market, historically, shows a 2-5 percent increase in value per year. While there is no guarantee on that return, we do not experience the volatility of some other markets in the country. My contact information can be found athttp:// www.JimMcCall.net . I look forward to hearing from you soon. Welcome to Erie, a beautiful place to live.

Fri Jun 6 2008, 10:18
Web Reference: http://www.jimmccall.net
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
My husband went to LECOM and we bought a house near the school. It has been sitting on the market for months. I would advise renting if you want to leave the area fairly quickly. I am now forced to stay behind waiting for the house to sell while my husband leaves for his residency.

Thu May 22 2008, 09:47
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
I have a great property for sale that is a duplex, it would give your family a low cost of living and you would have the opportunity still build equity in a house. I moved out of the state for work and I am looking to sell the property so that I do not have to manage it from so far away. It is at 1222 East 28th Street in Erie.

Thu May 15 2008, 20:43
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
My family is a LECOM family, as well. We bought in Fairview, because it's a great school district. We're moving on, now, but think we made a good choice to buy rather than rent. Our house is available, by the way. You can PM me on Student Doctor.net @ BirdMomDO2B, if you want more info, or just have questions about being a family while at school - good luck, and congratulations!

Fri Mar 7 2008, 10:52
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Hello Phillip,

Our price in Eire are very reasonable, in fact I currently have a home listed under $100K from a seller who will just be graduating from LECOM. They will make a small profit after three years which is not that bad given they built equity for three years instead of renting! I think if you were to buy a reasonably priced home in a decent area you should be fine. I'd love to help you if you are interested. I been selling homes in Erie for over 20 years and I love to help folks get into a home!

If you are interested give me a call or email and I would be happy to send you a list of homes with your criteria; dfries@coldwellbankererie.com or 814-440-7085

Fri Feb 22 2008, 09:56
Web Reference: http://www.debbyf.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Lots of great places to rent very near to LECOM!

Mon Feb 18 2008, 13:42
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
FIRST ANSWER
It would really depend on you financial situation but if your family is going to be in Erie for four years, you might want to consider buying. The last statistics I saw showed that around 10 percent of LECOM medical students purchased homes. The average home price for 2007 in Erie County was $129,000.

Fri Feb 1 2008, 17:01
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Market_Conditions/My_family_is_moving_to_Erie_as_I_will_be_attending-20880--recent

Check out more Market Conditions questions in Erie...

Dennis Weed, Real Estate Pro in Erie
whats the average value per square footage in erie?
Answered Wed Feb 27 2008, 09:29 by Dennis Weed in Erie
Read the answer
View more Market Conditions questions and answers in Erie >>