"The best deal investment you can make is to buy a primary residence that you're the owner-occupier of"
Great advice for today's prospective buyers from Billionaire John Paulson! Among Paulson's explanations on the benefits of purchasing featured in this KCM Blog article, he explains:
"And you've locked in the cost over the next 30 years. And today the cost of owning is somewhat less than the cost of renting. And if you rent, the rent goes up every year. But if you buy a 30-year mortgage, the cost is fixed."
Contact a Lawyers Realty market expert (717-364-3000) to guide you through the home buying process and help you make your investment!
According to the Trulia Rent vs. Buy Archives it is over 38% cheaper to buy than rent in most metro areas in Pennsylvania. They report that their studies find that buying remains cheaper in all 100 top Metro areas across the United States. However, mortgage rates have slowly risen which has slightly narrowed the gap. Buying vs. Renting is a hyper local comparison because each market is driven by different forces. The cost of buying in Detroit is less than Pennsylvania, and much less than California.
Check out Trulia's nationwide index:
If you are currently renting, check out Trulia's Rent vs. Buy calculator for your situation and contact a Lawyers Realty Real Estate Profe...
"Few households are interested in borrowing money to buy stocks an...
You have been searching and searching for a new home within your price range. What you are finding are houses that are best described as "a fixer upper", "has great bones but in need of TLC", "stuck in the 1970's - does lime green sound familiar". What has been your reaction to these houses? "No way, we can't afford to buy the house AND do any work!"
Well, did you kn
To the buyers and sellers we have worked with this year and in the past, the REALTORS, Office Administration & Attorneys at Lawyers Realty thank you. And to those of you that have entrusted us enough to have referred your family and friends, thank you.
It doesn't have to be a holiday for us to be thankful, but Thanksgiving is a time to reflect on the gratitude for our bounty and for the relationships that we treasure.