We recently have had several clients decide to rent their units rather than try to sell them in the current market at Old Forge Crossing in Devon. Prices this year have really come under pressure, with one bedroom units now selling in the low to mid $130's, one bedrooms with dens selling for high $130's or low $140's and few if any two bedrooms selling at all, although there is one currently under agreement with a listing price of $210,000.
Rents are all over the place, depending on how updated the units are, the more updated the higher the rent. If you are thinking of renting you might want to consider buying, Old Forge Crossing just got approved by the FHA for mortgage financing as a condo development, making it easier to purchase a home here with an FHA loan that allows a 3.5% down payment and possible seller assist if the seller can manage that depending on their financial situation.
Having your own place has so many benefits, not least of which is the ability to decorate how you want, and not how your landlord desires, and to update when you can improving your own home. Owning a home has some tax advantages and allows you to automatically save over the life of the loan as you create equity.
So, if you like the Old Forge Crossing development with its over 40 acres of space, walking trails, pool, clubhouse, barn, and tennis courts and active social life give us a call and we can help you find the right place.