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Kevin O'Neill
"Ask how to pay your mortgage off in as little as 1/3 to 1/2 the time"
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Kevin O'Neill answered:
Real Estate value is very dependent on the location & condition of the property. $190,000 in one location may be a great deal while $190,000 in another location may not be a great deal.
If you send me all the details about the home I will do a thorough analysis for you!
In regards to predicting the future about home values- no one really knows exactly what the future will bring. If you buy the home at a good price and plan to make it your residence, especially in that price range, you will likely be better off than renting, (Have an agent run some numbers for you to compare!), when considering the fact that you will have tax advantages. There is also a program to buy a home with a 30 year mortgage and have it paid for in as little as 1/3 to 1/2 the time, without changing your lifestyle. When you accelerate equity in that fashion the whims of the market become far less important. Let me know if I can answer any other questions in a more in depth fashion!
If you send me all the details about the home I will do a thorough analysis for you!
In regards to predicting the future about home values- no one really knows exactly what the future will bring. If you buy the home at a good price and plan to make it your residence, especially in that price range, you will likely be better off than renting, (Have an agent run some numbers for you to compare!), when considering the fact that you will have tax advantages. There is also a program to buy a home with a 30 year mortgage and have it paid for in as little as 1/3 to 1/2 the time, without changing your lifestyle. When you accelerate equity in that fashion the whims of the market become far less important. Let me know if I can answer any other questions in a more in depth fashion!
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