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04105 : Real Estate Advice

  • All8
  • Local Info5
  • Home Buying2
  • Home Selling0
  • Market Conditions1

Activity 8
Sat Mar 19, 2016
Mdyoungs asked:
Tue Jun 2, 2015
Murphy Team answered:
If you can afford it (down payment and closing costs) and can qualify, you should buy. Rental prices, at least in our area, are high and many people pay less for a mortgage than they paid for rent. Granted, you would have to pay taxes and insurance, but those are probably deductible on your income tax. ... more
0 votes 3 answers Share Flag
Mon Mar 17, 2014
Annette Lawrence answered:
As Linda indicated, this is a life style choice.
At 66 years of age it is possible you want to enjoy your new freedoms and be available to travel more and spend extended time in place like Juneau or San Juan or even a stint in Key West.

Consult with your financial adviser to determine the best use of your resources that will align with your short and long term goals.

A rule of thumb would be if you are staying longer that 5 years, you should buy. Purchase methods and local economy can skew that time line.
... more
0 votes 11 answers Share Flag
Mon Mar 17, 2014
My NC Homes Team answered:
The advantages are no mortgage payments and as cash buyers you put yourselves in the strongest possible negotiating position possible. In essence you're paying yourselves a rate of interest equal to whatever the mortgage interest rate would be.

The disadvantages are you pulling retirement money out that you may need at some point in the future and you're losing whatever rate of return it's generating.

Whether this is a good strategy is hard for any one of us who responds to say. We don't know enough about your financial status in specific; nor are the majority of us certified as financial planners, advisers etc. This is something you should be discussing with your financial adviser.
... more
0 votes 9 answers Share Flag
Tue Jan 28, 2014
Murphy Team answered:
Have you tried Craig's List? They have a rental section that changes quite often.
0 votes 4 answers Share Flag
Tue Apr 30, 2013
Lois Lengyel answered:
This is the season when all motivated home sellers are sprucing up their properties to list and sell when activity is most active. Closer to end of summer, if homes have not sold, you will find more available for rentals. Real Estate brokers are a great resource for these types of homes. Please keep in touch and happy to assist! Cheers, LOIS ... more
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Tue Apr 30, 2013
Lois Lengyel answered:
There are several properties in West Falmouth that might be perfect for your needs for larger land and barns. Closer to the town center of course, the lots are smaller. The climate in our area may be more similar to yours than you imagine. Please keep in touch and happy to assist with your search. Cheers! LOIS ... more
0 votes 10 answers Share Flag
Mon May 3, 2010
Ken Lambert answered:
Hi Mahesh- This is what I found-

Feel free to contact me anytime if you need some more help. Thanks,
Ken L.
0 votes 2 answers Share Flag
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