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: 124
Median Listing Price: $84,900
Median Closing Price: $81,250
Real Estate in
West Mifflin
*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.
14 724.942.0940 TO ADVERTISE | West Mifflin
3 BUYING: Getting an inspection can save
you money in the long run.
Inspection fees can range from $300-$500, allowing some to
think they can save money by avoiding an inspection. In almost
all instances, this is false. Many issues in a home may go unseen
by the untrained eye. If an inspector reveals defects not disclosed
by the seller, you are able to negotiate a new offer or rescind
altogether. Without an inspection, these potentially costly issues
would ultimately fall on the buyer’s shoulders.
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