S P E C I A L S E C T I O N : R E A L E S TAT E
Homes for Sale: 262
Median Listing Price: $232,000
Median Closing Price: $151,000
Real Estate in
South Fayette
*Information from realtor.com/local
1 BUYING: Is buying always the better
option over renting?
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 insurance (PMI) if you are unable to put 20
percent down on your home.
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26 724.942.0940 TO ADVERTISE | South Fayette