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John's Blog http://activerain.com/blogs/johnziemba en-us http://activerain.com/blogsview/1059112/schaumburg-real-estate-market-update Schaumburg Real Estate Market Update <h4 class="BlogPostHeader">Schaumburg Real Estate Market Update</h4> <p>Normal 0</p> <p class="MsoTitle">Schaumburg Real Estate Market Update as of April 30, 2009</p> <p class="MsoNormal"> </p> <p class="MsoNormal">What you need to know.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Sales for Single Family Homes in Schaumburg have only declined 5% for the March from 2008 to 2009, however, townhome and condo sales have decreased by 50% from 2008 to 2009.  Median prices decreased by 14.6%  for single family homes and 13.85 from townhomes and condos.</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Price it Right and Sell it </p> <p class="MsoNormal"> </p> <p class="MsoNormal">Homes still sell for 96% of listing price for single homes and 95% for townhomes and condos.  This still shows the importance of pricing your home correctly.  </p> <p class="MsoNormal"> </p> <p class="MsoNormal">Check out the rest of the statistics below.  Any Questions? </p> <p class="MsoNormal"> </p> <p class="MsoNormal">Contact Me</p> <p class="MsoNormal"> </p> <p class="MsoNormal">John Ziemba</p> <p class="MsoNormal"> 847-217-0480</p> <p class="MsoNormal">Realtor@JohnZiemba.com</p> <p class="MsoNormal"><a href="http://www.yourschaumburgagent.com" title="www.yourschaumburgagent.com" target="_blank">www.YourSchaumburgAgent.com</a></p> <p class="MsoNormal"><a href="http://www.JohnZiemba.com" title="www.JohnZiemba.com" target="_blank">www.JohnZiemba.com</a></p> <p class="MsoNormal"> </p> <p class="MsoSubtitle">For the Month of March 2009</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Detached Single Family (Houses)</p> <p class="MsoNormal"> </p> <p class="MsoNormal">In March 2009, 19 properties in Schaumburg were sold as compared to 20 in 2008, a decline of 5%.<span>  </span>The average sales price in Schaumburg declined by 21.7% to 262,495 from 335,240 in 2008.<span>  </span>The median sales price, which represents the half way point in which an equal number of homes sold for both a greater and lesser value, declined by 14.6% to 260,000 from 304,500 in 2008.<span>   </span></p> <p class="MsoNormal"> </p> <p class="MsoNormal">Attached Single Family (Townhomes and Condos)</p> <p class="MsoNormal"> </p> <p class="MsoNormal">In March 2009, 23 properties were sold in Schaumburg as compared to 46 in 2008 a decline of 50%.<span>  </span>The average sales in Schaumburg declined by 12% to 173,279 from 196,856 in 2008.<span>  </span>The median sales price, which represents the half way point in which an equal number of homes sold for both a greater and lesser value, declined by 13.8% to 162,000 from 188,000 in 2008.<span>   </span></p> <p class="MsoNormal"> </p> <p class="MsoNormal"><strong>Year to Date, January 1<sup>st</sup> 2009 thru March 31<sup>st</sup> 2009</strong></p> <p class="MsoNormal"> </p> <p class="MsoNormal">Detached Single Family (Houses)</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Year to date thru March 2009, the number of detached single family homes sold in Schaumburg declined 12.2% from 41 in 2008 to 36 in 2009.<span>  </span>Average sales price and median sales price decline 23.6% and 25.3% respectively bring the average sales price to 263,490 from 345,102 in 2008 and the median sales price to 239,000 from 319,900 in 2008.<span>    </span></p> <p class="MsoNormal"> </p> <p class="MsoNormal">Attached Single Family (Townhomes and Condos)</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Year to date thru March 2009, the number of attached single family homes sold in Schaumburg declined 59.0% from 122 in 2008 to 50 in 2009.<span>  </span>Average sales price and median sales price decline 11.8% and 13.0% respectively bring the average sales price to 173,469 from 196,712 in 2008 and the median sales price to 160,000 from 184,000 in 2008.<span>    </span></p> <p class="MsoNormal"> </p> <h1>Looking Forward Current Homes Under Contract in March 2009</h1> <p class="MsoNormal"> </p> <p class="MsoNormal">Single Family Detached (Houses)</p> <p class="MsoNormal"> </p> <p class="MsoNormal">For the period ending March 31<sup>st</sup> 2009 there are currently 31 detached single family homes under contract compared to 33 in 2008 a decline of 6.1%</p> <p class="MsoNormal"> </p> <p class="MsoNormal">Attached Single Family (Townhomes and Condos)</p> <p class="MsoNormal">For the period ending March 31<sup>st</sup> 2009 there are currently 46 attached single family homes under contract compared to 57 in 2008 a decline of 19.3%</p> <p class="MsoNormal"> </p> <h1>Current Active Listing Data Current as of April 30, 2009</h1> <p class="MsoNormal"> </p> <p class="MsoNormal">Detached Single Family (Houses)</p> <table cellspacing="0" border="0" cellpadding="0" style="border-collapse: collapse;"> <tbody> <tr style="height: 11.05pt;"> <td style="padding: 0in 1.5pt; width: 0.7in; height: 11.05pt;"> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Bedrooms </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;"># Active </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg. LP </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg. MT</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">All </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">223</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$432,405 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">220</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">2 or Less </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">1</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$339,000 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">315</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">3</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">102</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$314,987 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">195</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">4</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$487,831 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">234</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">5 or More </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">20</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$758,778 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">268</span></p> </td> </tr> </tbody> </table> <p class="MsoNormal"> </p> <p class="MsoNormal">Attached Single Family (Townhomes and Condos)</p> <table cellspacing="0" border="0" cellpadding="0" style="border-collapse: collapse;"> <tbody> <tr style="height: 12.5pt;"> <td style="padding: 0in 1.5pt; width: 0.7in; height: 12.5pt;"> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Bedrooms </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;"># Active </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg. LP </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg. MT</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">All </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">556</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$197,172 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">177</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">2 or Less </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">431</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$176,313 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">176</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">3</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">123</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$269,029 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">180</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">4</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">2</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$272,950 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">208</span></p> </td> </tr> </tbody> </table> <p class="MsoNormal"> </p> <p class="MsoNormal"><strong>Closed Listing Information From March 1<sup>st</sup> to March 31<sup>st</sup> </strong></p> <p class="MsoNormal"> </p> <p class="MsoNormal">Detached Single Family (Houses)</p> <table cellspacing="0" border="0" cellpadding="0" style="border-collapse: collapse;"> <tbody> <tr style="height: 12.5pt;"> <td style="padding: 0in 1.5pt; width: 0.7in; height: 12.5pt;"> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Bedrooms </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;"># Sold </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">% Sold </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg LP (Sold) </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg SP </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">SP:LP Ratio </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg MT (Sold) </span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">All </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">19</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$273,400 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$262,495 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">96%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">227</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">3</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">13</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$232,692 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$223,654 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">96%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">272</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">4</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">6</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$361,600 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$346,650 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">96%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">128</span></p> </td> </tr> </tbody> </table> <p class="MsoNormal"> </p> <p class="MsoNormal">Attached Single Family (Townhomes and Condos)</p> <table cellspacing="0" border="0" cellpadding="0" style="border-collapse: collapse;"> <tbody> <tr style="height: 12.5pt;"> <td style="padding: 0in 1.5pt; width: 0.7in; height: 12.5pt;"> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Bedrooms </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;"># Sold </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">% Sold </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg LP (Sold) </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg SP </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">SP:LP Ratio </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">Avg MT (Sold) </span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">All </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">23</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$182,661 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$173,279 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">95%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">180</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">2 or Less </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">19</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$168,605 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$160,018 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">95%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">171</span></p> </td> </tr> <tr style="height: 12.5pt;"> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">3</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">4</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">100%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$249,425 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">$236,266 </span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">95%</span></p> </td> <td style=""> <p class="MsoNormal" style="text-align: center;"><span style="font-size: 10pt; font-family: Arial; color: black;">225</span></p> </td> </tr> </tbody> </table> <p class="MsoNormal"> </p> <p class="MsoNormal"> </p> <p class="MsoNormal">Date Provided by MREDLLC</p> John Ziemba (Keller Williams Team Realty) Fri, 01 May 2009 23:14:10 -0500 http://activerain.com/blogsview/1059112/schaumburg-real-estate-market-update http://activerain.com/blogsview/33759/why-should-i-buy-renting-vs-owning- Why Should I Buy? Renting vs Owning <p align='center'><strong> </strong><strong> Why Should I Buy? Renting vs Owning </strong></p><p align='center'><strong>Renting vs. Owning</strong></p><p> </p><p>Although some renters believe that renting is "maintenance free," they are actually paying for maintenance in their rent - whether they need it or not.  Renting offers you no equity, no tax benefit, and no protection against regular rent increases.  If you're paying rent, you're really just paying someone else's mortgage.  Let's compare.*</p><p> </p><table cellspacing='0' border='1' cellpadding='0' width='555'><tbody><tr><td valign='top' width='555' colspan='4'><p align='center'><strong><em>Rent          vs.            Own</em></strong></p></td></tr><tr><td valign='top' width='169'><p>Monthly Payment</p></td><td valign='top' width='111'><p>$1,000</p></td><td valign='top' width='163'><p>Monthly Payment</p></td><td valign='top' width='112'><p>$   855</p></td></tr><tr><td valign='top' width='169'><p>Insurance</p></td><td valign='top' width='111'><p>$     30</p></td><td valign='top' width='163'><p>Insurance</p></td><td valign='top' width='112'><p>$     50</p></td></tr><tr><td valign='top' width='169'><p>Taxes</p></td><td valign='top' width='111'><p><u>$       0</u></p></td><td valign='top' width='163'><p>Taxes</p></td><td valign='top' width='112'><p>$   260</p></td></tr><tr><td valign='top' width='169'><p> </p></td><td valign='top' width='111'><p> </p></td><td valign='top' width='163'><p>MIP Insurance</p></td><td valign='top' width='112'><p><u>$     45</u></p></td></tr><tr><td valign='top' width='169'><p><strong>Total Payment</strong></p></td><td valign='top' width='111'><p>$1,030                                      </p></td><td valign='top' width='163'><p><strong>Total Payment</strong></p></td><td valign='top' width='112'><p>$1,210</p></td></tr><tr><td valign='top' width='169'><p> </p></td><td valign='top' width='111'><p> </p></td><td valign='top' width='163'><p> </p></td><td valign='top' width='112'><p> </p></td></tr><tr><td valign='top' width='555' colspan='4'><p align='center'><strong><em>Savings</em></strong></p></td></tr><tr><td valign='top' width='169'><p>Interest Deduction</p></td><td valign='top' width='111'><p>$       0</p></td><td valign='top' width='163'><p>Interest Deduction</p></td><td valign='top' width='112'><p>$ 175</p></td></tr><tr><td valign='top' width='169'><p>Tax Deduction</p></td><td valign='top' width='111'><p>$       0</p></td><td valign='top' width='163'><p>Tax Deduction</p></td><td valign='top' width='112'><p>$   75</p></td></tr><tr><td valign='top' width='169'><p> </p></td><td valign='top' width='111'><p> </p></td><td valign='top' width='163'><p>After Tax</p></td><td valign='top' width='112'><p> </p></td></tr><tr><td valign='top' width='169'><p><strong>Net Monthly Payment</strong></p></td><td valign='top' width='111'><p>$1,030                                  </p></td><td valign='top' width='163'><p><strong>Net Monthly Payment</strong></p></td><td valign='top' width='112'><p>$ 960</p></td></tr></tbody></table><p> </p><p>* Approximate Payment/Cost Comparison based on estimated annual tax results.  Based on 2.5 tax bracket and on estimated first year interest and taxes.  Recommend consulting with tax expert.  Payment based on FHA 30-year fixed rate loan with 7% interest rate, sales price of $125,000 and a loan balance of $121,250.  Interest rate/rental rates, prices, terms, and availability subject to change without notice.  See a qualified tax consultant for more details. </p> John Ziemba (Keller Williams Team Realty) Wed, 10 Jan 2007 22:19:04 -0600 http://activerain.com/blogsview/33759/why-should-i-buy-renting-vs-owning-