Saturday, January 26, 2013 / by Barb Schlinker
Breaking News! Colorado Springs area mortgage payments less than rent
If it happened to cross your mind to stop renting, we have great news for you! For the first time in 43 years,mit cost less in monthly payment to purchase a home than it does to rent a home in the Colorado Springs, Fountain, Monument, Peyton, Falcon, Manitou Springs and Woodland Park areas.
Not only are home prices affordable, but the interest rates are so low, it just makes sense to purchase a home instead of renting.
Here is an example, to rent 4 bedroom, 2.5, 2 car garage home with 2200 square feet in some of the best areas in town such as Fountain, Briargate, Stetson Hills, Northgate, Woodmoor and Mountain Shadows, your monthly rent would run about $1450 per month. To purchase that same home for says $250,000, your monthly payment would be about $1300.00 per month (even with low down financing like VA or FHA).
The best kept secret is home prices ARE starting back up. from 2011 to 2012, home prices averaged and increase of about 5 % (some areas increased even more than that).
So don't wait, the bottom of the market has come and gone. Over the long term, even with the recent market correction, real estate has continued to rise in value. The difference today is the interest rates are so low, home buying one of the best financial decisions you can make right now. Let us help you fine the right home. Our team has only experienced agents who know the market well and can help you make the right choice for your family and future.
Best of all our services are completely FREE.
Give us a call: Barb Schlinker 719 499 3334
Janie Howard 719 287 0427
Steve Becht 719 243 1347
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