I am not a mortgage expert so I am not here to tell you that you can or can't afford a home. That is the job of the mortgage professional. I was speaking with a gentleman earlier today who asked how much condos (The Greens at Viera) would rent for. He was tossing around the idea of investing in one or two. The he asked how easily they would rent.
My response - rents are competitive and for the price a smart buyer would purchase instead of renting. My point - prices have dropped so much in the Viera area that purchasing may be a better or, alt least preferable, to renting.
If you are a first time home buyer or at least considering the rent vs. buy option I would highly recommend you discuss the cost of home ownership with a mortgage lender. Decide for yourself and then:
- If purchasing is an option, please give me a call
- If renting is your preferred option, give me a call.
I am Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge Florida, proudly serving buyers, sellers, and rental clients in the Viera and Rockledge, Florida community. Call me directly at 321-693-3850 or email me at email@example.com.