FLORIDA RENTERS PLEASE TAKE NOTE OF THIS
Once upon a time, it was a good idea to rent a Home in some areas of Florida. In Pasco and Hernando counties you could pretty much rent a house for much less than a Mortgage wuld be on the same home. These Days with current home prices you can almost pay the same for a mortgage as you would for rent.
IN PORT RICHEY and NEW PORT RICHEY you can find homes with 2 bedrooms and 2 bathrooms with pools for UNDER $100,000.00 Sounds Sweet Right? Lets throw some numbers in there. A $100,000.00 home with a 30 year fixed mortgage at 5.75% would run you $583.57 a month PLUS taxes and insurance. lets throw another $200 a month on there for good measure to cover that. Monthly payment $783.57 for a home of your own with a pool. Taxes are quite affordable in Pasco County with homes of this size. Florida Homestead Exemption lowers that Tax and Insures you can not loose your home to creditors other than your Mortgagor or Tax Man. $200 a month is a generous estimate for both costs.
ARE YOU STILL GOING TO RENT IN 2010?
With the current home prices and the Tax credit you can recieve......how much more do you need to buy? NOW is the time to contact a Realtor(R) in the area to discuss your options of getting out of that rental and into your own home that will gain equity and give you piece of mind and Family Stability. If you think you can not afford to buy a home CALL ME. I think You Can't afford NOT to. I Live Here....I KNOW.
*figures are general estimates of current market conditions. Taxes and insurance prices vary from property to property. The interest rate above does not neccessarily apply to all Home Buyers**
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