I have a property in Brooklyn listed at 69k with 10% down a mortgage that is $400 or less why wouldnt you want to live in a house vs. a apartment? WIN WIN Call anytime!!
Call me anytime Jasmine ;-) i would be more then happy to answer any questions you may have!
And that goes for anyone else out there reading this! ANYTIME ILL BE HERE!
And please recommend me people need to stop using Realtors that just aren't on there clients side! I wouldn't be here right now licensed in two state at my age if it wasn't for what i have done for my past clients!!
People that lost their homes to a short sale or foreclosure will not be able to buy for another 2-5 years and are forced to rent. A lot of other people are also choosing to rent rather than buy. This is having an enormous effect on economic recovery. What is holding them back? People need to be able to save enough money for a down payment and qualify for a loan. Some people are looking for a new job, a better paying job, or waiting for a promotion or raise.
If you are thinking about buying now, meet with a lender to see if you qualify. Then take that leap while the market is good for buyers. Interest rates and home prices are the lowest they have been in years.
Tammy Hayes, Realtor
Green Lion Realty
Let's look at the numbers. You can rent a 2 bedroom apartment in Solon today for about $1,000 per month. And you can buy 2 bedroom townhouse with 1 car attached garage for under $90,000, so your monthly payment including principal, interest, any mortgage insurance, property taxes and maintenance fee may be around $900/mo.
If you are looking for a bigger house, then situation is even better for the owners than for renters.
The only reason to chose rent over purchase is if you are planning to stay in the area or a short period of time.
If you need more deep analysis of your situation or any other assistance, please do not hesitate to call me 877-770-5551 x 801. I will be happy to help.