Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.
If you are interested in discussing any of the topics on this blog, or the details of your specific real estate situation, call or e-mail me!
| Newer Post | home | Older Post |
 |
 |
It might get to where it is more affordable to buy than rent. Oh wait, it already did. |
|
 It seems likely that at least one of these active listings at Avalon Woods could be purchased for $130,000 -- and I know of several townhouses that have recently been rented for $875/month in Avalon Woods. As you can see above, this tips the scales towards owning a home being the more affordable option on a monthly basis.  Of further interest, is that of that $791 monthly payment, a full $189 goes towards the principal of your mortgage -- thus you're paying down over $2,000 of that mortgage debt in the first year alone. Certainly, there are other upfront costs (closing costs, down payment) that you will have when buying --- but it is once again an exciting time for first time buyers when you can potentially reduce your monthly housing budget through buying a home. | |
|
Close Comments
Add A Comment:
Scott on Google+
|
|
 |
 |
| Newer Post | home | Older Post |
Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Harrisonburg Townhouses
Harrisonburg New Homes
Heritage Estates
The Glen at Cross Keys
Cottages @ Stone Spring
Liberty Square
Founders Way
Harrisonburg Foreclosures
Bank Owned Properties
Potential Short Sales
Lease/Purchase Options
Owner Financing
Property Transfers
