Pirate Blog

"Its Cheaper To Own Than To Rent"

October 8th, 2011 3:26 PM by Radha Berry

[CITY] Mortgage News

October 7th, 2011 3:20 PM

In the current real estate market you must identify opportunity within the crisis.  In South Florida it is much cheaper to own than to rent.  We are saving clients as much as $500.00 per month by making them home owners instead of renters.  A comparable 3 bedroom 2 bath apartment that rents for $1400.00 per month is no comparison to a 3 bedroom 2 bath 1 car garage townhouse that is selling for as little as $85,000.00 per month.  The savings is still striking even when you include an assocation fee.

The low mortgage payments are also a great opportunity for younger people, lower income families, and single parents to make a move to own a home while remaining within their financial means. By purchasing a home in the current market conditions you can end up  reducing your monthly debt by taking advantage of the lower prices and rates.  The opportunity for moderate and higher income families is even greater as they often buy their dream home well under true market value and within a comfortable monthly payment range.

If you are thinking about purchasing a home, this is a great time to make that move and take advantage of historically low home prices, historically low interest rates, and a great chance to actually become a homeowner while reducing your monthly housing debt.  For additional information please contact Derrick D. Berry of The Good Pirates at 561-312-7777 or 1-800-579-9677.  My email address is Derrick@thegoodpirates.com.          

Posted in:General
Posted by Radha Berry on October 8th, 2011 3:26 PM