IN Fox Chapel Area Summer 2019 | Page 52

Karen Connor Directory Ad_Layout 1 4/26/19 10:25 AM Page 1 Buying or Selling a house is stressful. RELAX! I'll do the work for you! 1. BUYING: Is buying always the better option over renting? KAREN CONNOR REALTOR® Multi-Million Dollar Producer Seniors Real Estate Specialist® (SRES®) Call/Text: 412-715-8412 Office: 724-933-6300 x223 This is a debate often discussed within the real estate market and the answer depends on a variety of variables including location, financials and length of time in the home. In general, it is advised to purchase a home if you plan to spend more than two years there. Not sure how long you’ll be in your home? Find the break-even point between renting and buying to help guide your decision. 2. BUYING: Be sure you can afford more than just the mortgage. Getting preapproved for a mortgage gives the buyer a sense of how much house he or she can afford, but don’t presume this figure to be your only monthly payment. Keep in mind costs that may not be as evident, such as utility bills, taxes, homeowners association dues, mortgage insurance and money needed to furnish your home. On top of that, consider closing costs (about 3-5 percent of the cost of your home) and the potential of paying private mortgage 50 724.942.0940 TO ADVERTISE ❘ icmags.com